Markets crashed and traders are worried. It is a dreadful situation for investors. How can you trade safely? Which platform are you using? Well, the significance of a platform in securing funds cannot be ignored. If you are trading with a trustworthy reputed broker, the risks are minimum and also your funds are protected. How can such brokers help you? It would be fair to say that each feature they offer is helping you somewhere. For example, segregated account features secure your funds, the least deposit limit lets you make small investments to test for risks and profits, and there is much more than this. This blog discusses if oanda is the right broker for you in this hard time.
OANDA
Are you hearing this broker’s name for the first time? Or do you know a little about them before? Let’s talk about it shortly. It is a US-based broker offering trading services worldwide. It’s been more than 25 years since OANDA is in the market. FCA holds the back for user’s security and IIROC licensed the company. Moreover, it is a renowned broker that has won several awards from time to time.
Pros
The good points of the broker are;
- $1 minimum deposit
- Wide range of trading tools
- Regulated by reputed organizations
Cons
The bad points about the broker are;
- The user interface is not user-friendly.
- Leverage is low.
- Cent accounts are not hosted.
- No bonus programs
You have an overview of the broker now let’s discuss if it can help you in this bad financial crisis. In the context of this query, you may count on the experience. As the broker spent more than 2 decades in the market, you can trust their financial analysis. The trading conditions offered are also valuable and profitable. As it allows demo accounts so it becomes easier to test trades before investing real money.
You should not overlook the unavailability of cent accounts and the low leverage it offers. If these are your priorities then don’t waste time on this broker. As far as it concerns trading platforms – you have 3 options to choose from.
Any platform is first tested for ease of usability for the user. OANDA lacks it. So, irrespective of the amazing features it offers, how can you rely on it, and when you can use those features in one go. If you can bear this inconvenience, then you think about joining the broker platform.
The investment program is somewhat attractive as it allows active trading and passive investment. If you want to progress from being a trader to a manager in a company, the platform is yours. Like all other good platforms, it offers an affiliate program as well. You may benefit from it if you believe in your digital marketing skills.
Take Away!
It is not just you who is suffering a crisis – it is a global situation. Working with the right broker in safe conditions can save you from losing money and wasting time on the wrong platforms. If you want to inquire more about the broker, leave a comment.
