Oanda Review

Concerning Oanda Broker, one of many great brokers, if you are a trader you can know that easily but if not you can know that from other traders. One of its reviews in a website for reviews done by Johnc:
"Oanda is great if you're a long-term, medium-term, or short swing trader. Scalping is frowned upon, and news trading is practically impossible. Their spreads are great (EUR/USD 0.9 pip!) and they pay interest incrementally every minute, which is great if you have a strategy to leverage strongly on high yielding currencies when they are in their uptrends (and get out on their downtrends).

Their analysis tools are great... if you can understand what they all mean :). Their charting platform is decent, though not very configurable and not as full-featured as MT4 or some others. If you're trading the daily, 3 hour, or 1 hour timeframe, especially on a smaller account, choose Oanda. Their tight spreads and appropriate risk management will keep you in the game. Ignore reviews here that talk about getting margin-called and the like... if you're leveraged so highly that a 200-pip movement gets you margin-called, of course you're gonna get screwed. That's just a lack of risk-management. If you want to make 2-5% on your account per week or per month, then you're more on track, and Oanda will suit you well. Note that making 5% per week will grow your account by 1,260% by years end. That is, you could turn a $1,000 account into $12,600. Set a reasonable goal, trade with reasonable targets and stops, and use Oanda's infinitely adjustable lot-sizes to manage risk appropriately, and you may be one of the forex traders who actually makes it."

Whereas it appears as a bad one in Forex Peace Army! And one of its bad reviews there is that reviewed by Ivan Ivanov from Bulgaria:

"

I`ve been trading with Oanda for 1 year. In the beginning I started with 600$ and everything was perfect.Two months ago I decided to put 2000$ in my account and start making the real money.And suddenly I began loosing money, a lot of money.Before a week I have read the reviews on forex review sites like goforex.com forexpeacearmy.co etc. and realized that Oanda is pure SCAM. Once you put a lot of money they will hunt your stops down. They will ruin your life. After 1 year of hope and studying the market I`m now broke. So Do not ever go on a big account with them. You can trade with them only if you trade small amounts. I mean if you scalp for 10$ or 15$ per trade. This is the only way you can take money from Oanda." Also there is that reviewed by Denis from New York where he wrote: "Oanda is a good broker when you're losing money. Your orders are executed fine. Once you start making money they'll flag you. Right now i'm slipped on almost every trade i make."