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OANDA Is the Top Forex Broker For USA Traders

    • 1570 posts
    September 16, 2022 3:11 AM EDT

    OANDA is a leading global market maker that ranks in our top US FX brokers list for their no minimum deposit policy, comprehensive support for MetaTrader 4, round-the-clock customer support and competitive trading costs.To get more news about regulated forex brokers, you can visit wikifx.com official website.

    OANDA Trading Costs
    Our review process took into consideration the spread cost built into the bid and ask prices to gauge the fees associated with making a trade. We have found that OANDA’s market maker model offers two types of FX pricing options:
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    OANDA spread-only model offers average spreads of 1.4 pips on EUR/USD and USD/JPY compared to 0.4 pips average spread on EUR/USD respectively and 0.3 pips on USD/JPY for the core pricing model. While the core pricing model offers reduced spreads, it has an additional commission of $5.00 per side for every 100,000 units traded (or a $10 round-turn commission).
    OANDA’s price engine technology connects to an exclusive liquidity pool formed by tier-1 global banks. At OANDA US, the price you see on the feed is the price at which your order gets filled. There are no re-quotes.

    OANDA’s American clients can also participate in an attractive rebate program that rewards high-volume traders with cash rebates and commission reductions ranging from USD 5.00 and USD 15.00 per million dollars traded.
    Powered by TradingView, OANDA’s proprietary platforms have all the tools a trader might want, including performance analytics, personalized watchlists and advanced charting options. Technical traders accustomed to MetaTrader and cTrader might find themselves pleasantly surprised at how powerful OANDA’s offerings really are.

    For those who prefer the Meta family of trading platforms and tools, OANDA allows MetaTrader 4 users to access additional tools, including advanced indicators, mini charts, alert trading, EAs, alert trading and one-cancels-the-other orders, keyboard trading and tick trading via MetaTrader Premium.

    For automated trading, OANDA offers US traders a private API, OANDA v20 REST, which allows for automated trades via the OANDA Trade platforms.
    Perhaps it’s because OANDA got its start in New York City, but this American broker turns out to be the best choice for, well, Americans. Competitive, transparent trading costs, powerful trading tools and a commitment to customer service ensure that US-based traders have the best of a global brokerage with the unique approach to customer care that characterizes American business.

    IG Is The Best Regulated Forex Broker For USA Traders
    With over 45 years of experience in the foreign exchange market and over 195,000 retail client accounts worldwide, IG Group is one of the largest forex brokers operating on US soil. IG US LLC complies with the regulatory framework imposed by the US-based financial watchdogs:

    Registered as a retail foreign exchange dealer (‘RFED’) and introducing broker (IB) with the CFTC
    Approved Forex Dealer Member by the National Futures Association with the NFA ID 0509630
    Note* Due to local-state regulatory restrictions, IG US can’t provide its financial services to US residents of Arizona or Ohio.

    Regulated by the CFTC, NADEX (IG Group Holdings Plc.) is the only place where US residents can legally speculate on binary options. NADEX gives traders access to 10 FX pairs that are based on the spot exchange rates.

    Spot Forex trading with IG Group is the ideal place for US-based traders wanting to speculate on a diverse range of currency pairs. Overall, among all FX brokers we’ve investigated, IG US offers the best average spreads on currency trading. Test your trading strategy in a risk-free environment by opening a demo account.

    Additionally, US residents can benefit from a dedicated market strategist with a one-on-one relationship. The market specialist can do live demonstrations of the financial services offered by Forex.com, teach traders how to use both technical and fundamental analysis, and provide ongoing support until the user is fully satisfied with the training.