What is Onada?

Onada can be considered as one of the highly reputed forex brokers that you can find on the internet. It has been able to maintain a solid reputation since 1996. It can also be considered as a company that took the initiative to make retail forex trading a reality.

The trading platform of Onada can be considered as the first retail forex trading platform to offer fully automated functionalities online. Innovation helped them to achieve a boost in the early days and attract more forex traders through promising marketing campaigns.

If you are searching for currency pairings and f you cannot find it anywhere else, Onada Forex Broker Company would be the best option available for you. That’s because Onada offers more than 60 minor, major and exotic forex pairs for you to select from. In addition to currency pairs, you will also be able to find CFDs for stock indices, bonds, commodities and precious metals.

Fees and Commissions

The minimum spreads of Onada Forex Broker Company are slightly higher when compared to the other firms. However, the overall fees tally in range of forex brokers in the industry.

Tools and Platforms offered

Onada Forex Broker Company offers few trading platforms for both beginner traders as well as advanced traders. All the people who select this forex trader would be provided with access to fxTrade platform. It is possible for you to access this platform through your mobile devices or web browser of the personal computer. It also supports Windows, Linux and Mac operating systems.

Apart from the fxTrade platform, Onada would also provide you with MetaTrader 4 platform. This platform developed by MetaQuotes Software Corporation would provide you with the opportunity to gain access to algorithmic trading systems that are known as Expert Advisors. In addition to these platforms, you will be able to find many other additional platforms as well. Through these trading platforms and apps, you will be able to get hold of the best one for your trading activities as well.

Onada is a service that combines many different services into a single online account management portal. This will provide an excellent assistance for you to access your statements and transfer money in between several accounts. Web based fxTrading platform can provide you with valuable insights through the portal dashboard.

The FxTrade app is extremely easy to navigate as well. Therefore, beginner traders would never get confused while using it. The side menu provides quick access to all the important functionalities offered by FxTrade.

In the Onada platform, you will find it as an easy task to set up trades. In addition, you can easily set up the stop losses and many other advanced orders as well. The desktop platform is pretty much similar to the web interface, but you will be able to get hold of few additional features. Onada also offers a comprehensive mobile app to you. This is a functional app and you will never find it as a difficult task to use this app. However, the mobile app lacks some important tools that a forex trader would need to have. For example, it would not be possible for you to set up charting tools with the assistance of the mobile app. Moreover, no ability has been provided for you to add currency pairs into the watch list as well. If you want to add, you will have to use the desktop platform.

Spreads and Leverage

Competitive spread offerings are provided for all the traders who select Onada Forex Broker Company. For the currency pairs available to you in this platform, EUR/USD pair would be low as just 1 pip. However, spreads offered for CFDs would vary depending on the choice of the asset. It is also important to keep in mind that Onada offers a separate online tab on the website, which provides useful information related to the spreads on all provided assets. They change real time to deliver up to date information for you.

Withdrawals and Deposits

Several methods are available for you to deposit funds in your trading account at Onada Forex Broker Company. They include debit cards, credit cards, checks and wire transfers. Withdrawals are also facilitated to you through the same options. All the deposits and withdrawals of Onada are in compliance with international law. The withdrawals would be processed with a short period of time as well. However, you will be asked to provide accurate information to verify your identity so that you can receive withdrawals within a short period of time.

Customer support

People who sign up with Onada will be able to keep peace of mind because a professional customer support service is offered. All your queries would be answered quickly by the customer support representatives. Whenever you come across an issue, you just need to get in touch with one of the customer support representatives. They are professionally trained to offer the best possible service to you.

You will be able to get in touch with one of the Onada customer support representatives through phone, fax, email or live chat. Customer support is offered by regional level with the offices that are located around the world. Therefore, people will be able to receive support from customer support representatives 24*5. Plenty of training materials are also being provided through Onada for the beginners to keep peace of mind. This can deliver a favorable experience to all the beginners.

Onada Review
  • Security
  • Commission and Fees
  • Platforms and tools
  • Research facility
  • Customer Support
3.6

Summary

Onada is one of the best platforms available for individuals to take part in Forex trading activities. It has been able to maintain a solid reputation throughout the past by offering the best service for traders. Whether you are an experienced trader or a trader who just wants to figure out the basics, you can take a look at what’s offered to you by Onada. It is dedicated towards your success and plenty of flexible options would be offered for you to avoid frustration when trading.