Not only can it be traded on the road,The OANDA mobile app also gives you direct access to various financial markets from your phone。

Oanda was originally one of the players in the US foreign exchange trading industry.。Founded in 1996, the company has established a solid position in the global market。Today, it is a leading brand with customers from more than 196 countries.。OANDA specializes in currency trading solutions for traders of all levels。Their biggest selling points are excellent market research and a strong parent company platform。

If you want easy access to the broker and understand what they offer, you can tryOANDA's parent fxTrade mobile trading app for Android and iOS。The trading platform offers more than 70 tradable currency pairs, advanced market research, and a variety of order types to choose from.。Let's take a closer look at it and see if this app is right for you。

OANDAWhat products does the application offer?？

Oanda's app is currently rated 3 on the Google Play Store.5 / 5, reviews from over 4650 users and has been installed over 1 million times。

As more and more traders and investors prefer to trade using their smartphones, it is very necessary for traders to provide easy-to-use mobile trading applications。In general, the application of OANDA mainly focuses on foreign exchange trading。It providesThere are more than 70 currency pairs, including all major and minor pairs and some foreign currency pairs.。The maximum leverage is 50: 1 for major currency pairs and 20: 1 for others。

In addition, the broker offers CFDs (CFD), but the options are relatively limited。The app supports 16 stock index CFDs, 31 commodity CFDs, 4 cryptocurrency CFDs, and 6 bond CFDs。In addition, it should be noted that the US does not offer CFD, while UK residents cannot use cryptocurrency CFD。

OANDAMobile ApplicationsMain features

OANDA mobile app equipped with trading platform should have all the basic functions, but mainly focus on charts and trading。Below is a full list of features you can get when trading with this app:

1.User friendly and customizable interface

First of all,OANDA application very user interface。You can easily navigate with a few simple clicks and use the different features of the app to set up almost any trader。

Another great thing about this app is that it's very easy to monitor the market。The clever layout helps to trade online, and there are separate tabs that let you know where your activities are and order history。

In addition, the app allows users to customize their orders and determine a set of default parameters, including the number of trading units, the risk and profitability level of pending orders, the limits calculated in points or percentage prices, and the preferred financial Tool so that you can easily manage your orders according to your trading style。

2.Move Chart

The OANDA app allows you to access more than 50 technical indicators, including 32 coverage indicators, 11 drawing tools and 9 charts。Especially the drawing tool is very, because you can easily add not only excellent trend lines, but also Fibonacci retracement lines and pivot points。

However, the best thing about this app is that you can trade directly from the technical chart。This means that you can enter, modify or close the position directly from the chart, but you must return to the main menu and open a new order。

Alternatively, you can add easily or edit your stop loss and profit levels by clicking on the chart。However, doing this on a smartphone can be quite difficult, as tablets are recommended here。

3.Market News and Data

OANDA mobile app provides access to major global financial markets。You can respond to market activity in real time while managing your location, controlling risk, and monitoring the profitability of your account。In addition to this, the app also provides a full-featured economic calendar that helps you track current and upcoming events that may affect the market。

4.Alerts and price signal notifications

To better manage your account, you can get mobile notifications about market sentiment in your live trading account。This ensures that you don't lose location trading opportunities even when away from your phone。

You can enable notifications about various aspects of trading such as price alerts, daily/ Weekly highs, significant price fluctuations, market highlights, order disruptions, upcoming economic events, and news from trusted global markets. You can also set custom notifications based on drawing tools and overlays, so when the price on the chart crosses a certain level You will be notified when。

5.Trader Performance Analysis

Finally,OANDA Mobile App provides a trading score tool that allows users to view their history and professional level scores。To access this feature, you can tap the "More" tab on the screen。

This tool basically lets you monitor and manage your past trading behavior。You can, based on the tools you use, overall and average profit / loss,Trigger rate and risk backtracking report ratio to analyze your performance。You can use this data to update your trade log and analyze your trade performance。

OANDAAvailable Accounts

A distinctive feature of OANDA is that you can have up to 19 separate sub-accounts within your main trading account。Each account can have its own base currency, so you can easily switch between different currencies to trade more efficiently。You can also use these sub-accounts to manage different portfolios。

To equip a trading account, you only need to do a few steps。First, open the website and apply for an account。Please note that you need to be 18 years old to create an account Second, by submitting all necessary documents such as driving instructions ID card (proof of identity) or utility bill (proof of address) to verify your identity。Then, just wait for the validation process。Once your account is ready, you can start depositing some funds。You can choose from a variety of payment methods, including debit cards, bank wire transfers and automated clearing houses (ACH)。

OANDAFees and commissions

OANDA offers two pricing models for Forex trading, namely extension only and commission plus core extension。If you choose to extend only the model, it means that the commission is wrapped in the extension, so the extension is the only transaction cost you can cope with。However, this means that

The minimum extension of a major currency pair is about 1.4 pips, expansion of small currency pairs to 2-3 pips。

At the same time, the core pricing model provides low scalability, with the starting point for major currency pairs being 0.3 points, 1-2 points for small currency pairs。However, you will also need to pay a fixed commission for each transaction。Commission is $5 per $100,000 of currency, or approximately $10 per standard lot。

Also, there are some non-transactional fees you should consider。There is no need to pre-calculate any fees for the account, but if you do not place any orders for two consecutive years, they will charge $10 Inactivity charges / month。If you withdraw money by wire transfer, you will also need to pay an additional fee。

Device compatibility

The OANDA application can be used on smartphones or tablets that meet the following requirements:

Applicable iOS users: iOS 11 or 12。

对于 Android users: Android Jelly Bean or later。

OANDAFinal evaluation

OANDA is the ideal mobile app for those forex traders who like to trade in action。The application is very easy to use and has all the functional features needed for effective trading, especially charts and trading。You can trade more than 70 pairs of currencies with competitive fees, as well as CFD trading on stock indices and commodities。

For traders looking for precise accuracy,Oanda can be an option。This is because OANDA offers 5 brokers with accurate quotes and active price shocks that follow market developments.。In this broker, orders are executed faster.。

This is advantageous for novice traders because they can use a currency-based value calculation system to trade with a smaller capacity, unlike the batch system adopted by other traders。

OANDA was founded in 1996 by Dr. Michael Stumm, a computer engineering lecturer at the University of Toronto in Canada, and his colleague, Dr. Richard Olsen of The Olsen Ltd.。They have headquarters in San Francisco, USA。

OANDA hubs are located worldwide。Some of these hubs are in the UK, Singapore, Japan and Canada。distribution of these hubs, OANDA is increasingly attracting the attention of customers worldwide。

OANDA's companies are registered under several jurisdictions in financial transactions。They are subject to the CFTC and NFA in the US, the FCA in the UK, Australia

of Asia Regulation of ASIC, Singapore's MAS and Canada's IIROC。All of this provides a level of protection for their global customers。

In general,OANDA is a reliable broker for those who want to trade on their mobile phone。They provide users with a large number of trading tools and first-class customer service, as well as strict supervision to ensure the safety of your investment。