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No, but there is a currency exchange fee. If the base currency of your account is the Euro and you are trading the GBP / USD pair, you must pay the exchange fee.

Onda is an American broker who specializes in currency trading (currency trading or forex trading). This is perfect for all experience levels of FX traders – but especially for professional traders with high trading volumes looking for a strong regulatory framework in interbank FX rate relations.

How To Use Oanda Trading Platform

How To Use Oanda Trading Platform

Onda is a safe and reliable broker because the company has received 7 licenses from several respected financial regulators around the world. The following is a list of Onda’s individual regulators:

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Please note that the example above is in Euros and the cost can depend on your base currency. In simple words, do not use bank transfer to exit unless you plan a large amount.

While the Onda platform is very rigid and integrated for some things, not for others. When you open your web trading platform, you will see money management options that allow you to manage multiple accounts in different currencies and ask for deposits or withdrawals.

Note that this section is platform independent and opens in a separate tab in your browser. Therefore we emphasize the lack of integration, as it is not an option that is readily available on the platform.

Onda takes advantage of the spread (the difference between the bid rate and the demand level) when calculating the business opening. Let’s compare broadcasts with the same broker:

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Onda events certainly compete with many forex brokers, but they remain not low.

Onda does not charge commissions, such as internal and external commissions for each trade, but there are currency exchange fees that depend on the currency in the trading account.

An important cost to note is that Onda charges غیر 10 inactive fees per month after the user has been inactive for 1 year.

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Onda’s asset offerings are often focused on currency pairs (as far as 68). When it comes to stocks, ETFs or other asset classes, Onda has more to do than its peers.

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Onda offers only 107 instruments that can be traded, most of which are currency pairs. This is how they compare with other popular brokers:

Onda is obviously the best option for Forex traders because it does not offer a minimum deposit, a minimum amount of trading in each currency (e.g. 1 Euro, 1 USD, etc.) and a powerful platform. However, when it comes to other asset classes, there are definitely better alternatives.

Our best mobile business app on the Onda platform. It’s very fast, easy to work with and not complicated. Let’s look at the key parts.

The Onda Mobile Platform main page is filled with basic B features such as sorting directly into asset classes above and viewing charts for each asset below, as well as navigating between platform switch sections. The classic menu below to do.

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At first glance, we see similarities between the Plus 500 and the Onda when it comes to platforms. Both have the same layout with a list of assets and a chart at the bottom of the screen.

Onda’s interest in simplicity is evident because there are no specified assets – instead when you click on an asset, the chart at the end of the screen changes and you can click a description to get some key information about each asset.

Compared to some competitors, having a view of their assets and other relevant information about each asset, such as custom news, definitely helps.

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The Onda Mobile Trading application is a waiting place for Onda Panel businesses because any user can also change the assets that are going to be traded directly from the panel.

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While it’s still a very effective tool that allows traders to adjust some value, look at their margin risk and more. However, we feel that this is not a sequence panel designed for the best mobile experience, but a quick copy of the desktop version.

There is no way to customize or filter your message. Ultimately, the news section is not very useful, just a small advantage to get some additional news.

The advantage, charging Onda mobile is fast, easy and perfect. The chart is responsive and allows us to draw and position indicators without delay.

In short, with the exception of the mobile ordering panel, the Onda mobile business application performs its job well. On the downside, we want to see more built-in functionality instead of asking for additional browser tabs to view news, economic calendars, or other sources.

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The business platform on the web is very compact because everything that is needed by the users is in one place. Let’s look at the main features:

Instantly, each user can access a view of assets, news, portfolios and charting tools from the earth page. Unfortunately, there is no alert center for critical issues.

The command placement window is definitely appropriate and designed for desktop devices (so we got the impression that the mobile version seems the same with small changes).

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There are several more options than the mobile version (business application) as in the mobile version the user can only choose between “Market Order” and “Login Order” while in the web version he can Choose between “Market Order”. “Restriction Order” and “Detention Order”.

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News on the Onda web platform is similar to a business application. They need to open additional tabs outside the platform to see the news that is made at DowJones.

Here we identify polarization opponents when it comes to integration. On the one hand, the platform has everything you need in one place. On the other hand, if we need additional resources, we will upload more tabs with external sources because they are not part of the platform.

In short, a business platform on the web is a good tool to run your business and make simple changes. However, you should not expect high value from additional research or platforms.

Onda Desktop Platform is a downloadable version of the web platform with several options that always require you to set additional tabs in your web browser (which is meaningless). Let’s look at their main features:

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Although this is a nice touch to provide a desktop platform, we don’t recommend it at all. Each user is served well with a web version or a commercial application. The downloadable desktop version is no better.

All in all, we feel that they have decided to offer more devices without only paying attention to quality – because in the end they are not useful at all.

Onda is a good forex broker and should focus on what makes it great – without offering too many additional tools that fail to meet expectations.

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There are “learning areas” on the Onda web site that offer some basic text -based writing for people who are new to brokers or businesses – there are also several webinars.

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On the downside, Onda needs to expand its asset offerings to cover other markets. Also, platform integration should be improved to make the customer experience easier.

Based on Onda’s current reviews, the conclusion is that the company, founded in 1996, has a clear path in mind: it wants to remain a successful Forex broker rather than capture other markets.

If you are a forex trader looking for a secure broker with a strong regulatory framework and competitive forex trading offers, Onda is definitely a good choice.

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Onda operates through several agencies around the world and is regulated by senior officials such as the US Commodity Futures Trading Commission, the National Futures Association (CFTC) and the UK Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments with the risk of losing money quickly due to exploitation. 74-89% of retail investors lose money when trading CFDs. You need to consider whether you know how CFDs work and whether you can take a greater risk of losing your money.

Onda offers a high quality and easy -to -use trading platform, and its research tools are also powerful, with many technical indicators and superior API offerings. The account opening process is friendly and fast.

How To Use Oanda Trading Platform

On the downside, Onda has a limited product portfolio, as it can only trade Forex and CFDs. It is not listed

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