Forex Broker Review: OANDA

Oanda.com is a website that provides financial services to investors all over the world.  Many tools are provided by the site and it even provides a free practice account for an unlimited time offering the user $100,000.  Below is an example of the Forex practise trading platform in action.  As you can see, the interface is simple and easy to read.

There are plenty of options for you to top up your account and Oanda is one of the few Forex brokers that allows paypal payments as well as credit and debit account payments.  

The sign up process is quick and simple and there is no need to worry about waiting for your account to be verified.

Test drive: oanda.com practice account - sign up

I have decided that I will sign up and do a few trades with oanda's pracice forex trading platform.  You can join in with me if you like.

First of all, we need to set up a free practice account.  This post will walk through the sign up process.


First, visit www.oanda.com:

From the options at the top right, choose 'Register':

From this next page, choose the option to 'Register for FXTrade practice':

Fill out the resulting form:

Whenever you want to log on, simply use the 'My Account' link from the home page, then sign into the practice account using the relevant link:

If you decide to join up to oanda in the future using a real investment, then this practice account will remain separate from that account.