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OANDA’s primary trading platform is called fxTrade. The demo version is referred to as fxTrade Practice.
The OANDA fxTrade platform was designed to reduce CFD and Forex trading costs and speed up execution to within 0.077 seconds or less. That's 5 times faster than a blink of an eye. 98% of the trades are executed within this short time span.
OANDA fxTrade can be accessed at work, at home, or on the road. There is no need for a dedicated trade station, and the Java interface requires no software installation.
OANDA's fxTrade Platform
There many features on the OANDA fxTrade platform.
Real-time market orders and limit orders can be made with one click. Stop loss/take profit, trailing stops, or upper and lower bounds can be used to prevent unwanted order execution in the event of a rapid market fluctuation and traders can update stop losses, take profits, and trailing stops by simply clicking on the graph.
The OANDA fxTrade platform allows traders to see their real-time account balance and Net Asset Value (NAV) at a glance and analyze changes in currency exchange rates, review current trades, review past transactions, or issue buy and sell requests while keyboard shortcuts can be used to navigate quickly through charts and open trading windows.
The OANDA trading platform is available in English, Chinese (Simplified and Traditional), French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish.
When it comes to advanced charting tools, the OANDA fxTrade platform offers several. Traders can zoom in on short-term trends, or zoom out to see macro trends and can adjust graphing increments from seconds to days.
They can also see real-time rates and spreads plotted directly on the graph, in a variety of different styles.
The OANDA fxTrade platform for Mobile devices allows traders to trade anywhere on an intuitive user interface with fast and reliable execution. They can make trading decisions using real-time charting and advanced analysis tools and can keep up with market movements with price alerts and limit order notifications.
OANDA's Mobile Platform
All the other features of the desk version are also available through the mobile app.
Review info: OANDA
Review Date: 2016-03-01
Rating : 4.5
Reviewed By : Sara Patterson (Google+)