Let's Talk About: Oanda – Are They A Good Broker?

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In this new series “Lets Talk Brokers” I’ll be reviewing different Forex brokers, their features and my experiences with them.

In this first episode, we kick things off with Oanda, a broker I have used for most of my Forex trading career. LTB #001

Learn more about the brokers and get rebates: http://bit.ly/2MFZOmj

This breakdown and review of Oanda is as follows:
1) Platform
2) Leverage & money management
3) Withdrawals
4) Spread & commissions
5) Customer service & member interface

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My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

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What I use to edit: Final Cut Pro (Mac)

Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).



I wrote a comment yesterday about Oanda. I didn’t want them to get a bad or questionable rep for something that they didn’t do. I have the character to delete that comment because others shouldn’t get a bad perception of this company if it wasn’t their fault.

hugh mob says:


Daniel Townsend says:

Hello, What do you think about trading212 ?? I think they are a rip off and are not in it for your best interest which is making money.

mybiz5975 says:

U take quite a while to cover what oanda is all about and it’s annoying bud

Dennis Crouse says:

anyone else having an issue with chart freezing on

Exton Triston says:

on oanda i have to enter trades with multiple positions because i cant reduce my position during a trade

Haran says:

I think Forex is worse than war-time

Karen H says:

What’s a good broker for a U.S.A. citizen scalping? Thank you!

Nowayne Samuels says:

I was also looking forward to a preview rundown on the platform of things you talked about.

Andiamo Lire Forex & Crypto says:

How is Oanda for news trading?

K Buffy says:

HI.. I have a question. I currently use ThinkorSwim but it is hard to manage my money on that platform. They force me to use multiple of 1000 or 10000 unit (lot).. so it is hard for me risk 2% on certain pairs due to this limit. Sometimes I have to risk 2.5 or even 3% or 1.5% and so on…. even though I want to risk 2%. How is Oanda different?

A Shahzad says:


Zen & The Art of Trading says:

Great video, thanks for doing this. I would have loved to see this video when I first began trading. I started with Oanda and have never looked back. Trading through TradingView is a dream!

Mexicano en Filipinas says:

What do you think or know about IQ Option?

Martin Scanlon says:

Talk about meta trader please boss

Jatindar Paul says:

Hi EC, Which broker is best to trade oil? Particularly Canadian oil ETF's HOU & HOD. Onada is good but can only trade BCOUSD. Is Questrade better than Onada? Thanks.

Henderson Sobers says:

Very good video. Would love to see a comparison between suretrader and cmeg.

Memo Hook says:

nice accent

thịnh trịnh tuấn says:

I have used Oanda Japan for 2 years now.
Trading account connects to bank account. I can make a transfer in day. no fee
Their trading platform is look like Tradingview, but can not make multiple list.
Few month ago, it can be connected with tradingview. so no need to open Oanda platform any more.
No online customer service (or dont work at all)

Mohd Emran says:

Hi Etinenne, would you recommend a swap free account as swing trader ? Which reliable broker offer this ?

quartetMusic says:

Please also talk about FXCM. Thanks

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