OANDA Canada Corporation ULC accounts can be accessed by anyone who has a Canadian bank account. OANDA (Canada) Corporation ULC (Investment Industry Regulatory Organization of Canada (IIROC) regulates it. This includes IIROC AdvisorReport and IIROC’s online advisor check database ( IIROC AdvisorReport ). Customer accounts are covered by the Canadian Investor Protection Fund, provided they do not exceed certain limits. On request, a brochure explaining the coverage and limitations of coverage can be found at www.cipf.ca. OANDA Australia Pty Ltd has been regulated by the Australian Securities and Investments Commission ASIC. (ABN 26 152 088 034 349, AFSL Number. The issuer of products and/or services is OANDA Australia Pty Ltd (ABN 26 152 088 349, AFSL No. 412981). Before making financial investment decisions, it is important to review the Financial Service Guide, Products Disclosure Statement (‘PDS), Account Terms, and any other pertinent OANDA documents. These documents are available.
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I am a novice investor so I have no expectations. OANDA just seems to work! So far, I am happy. The customer support was beyond my expectations. I received emails and even a call from them to answer any questions or help me trade.
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Avoid this broker. Their spreads are so disgusting that they manipulate the markets. Your order won't even make the exchange. I have seen too many dodgy situations with them...never again.
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Since 2016, I have been using Oanda. Oanda has been great with my deposits and withdrawals. Spreads were also very low. Oanda is my go-to broker.
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I have used their services for many years. I recommend that you use your local bank. You might be charged a little more by banks. Your money will be safe. Oanda's activities should be investigated by government officials. That is the only way they could be held responsible for their actions. Bank is right next to you, your bank is not offshore
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Too often, they are having technical difficulties. Sometimes, it's impossible to log in to the account for hours. This is true both via phone app and web. Do you want to close or execute the position? Forget...
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Poor customer service and company. Takes too long to resolve an issue, even if you lose money.