OANDA is one of the leaders of online forex brokers. The company was initiated in the mid-1990s and since then, it has grown by leaps and bounds. It is now viewed as one of the most successful enterprises in the forex industry. It is also approximated that about 20% of the entire spot forex trade of the world does through OANDA's servers.
Trading Platform of OANDA
OANDA offers its customers one of the best trading platforms in the world, MetaTrader 4 (MT4). If you are a trader, whether amateur or expert, then you may already know about the popularity of MT4. This trading platform is highly considered and used by the entire trading community due to its advanced and unique features and sophisticated trading tools.
How to Use OANDA MT4 Trading Platform
- First, you will need to open an account with OANDA.
- Once you have created your account, deposit the funds.
- Now, choose your MetaTrader 4 sub-account and transfer the funds.
- After that, you can download the MT4 platform on your computer.
- You can now log into your platform and start trading right away.
Features of MT4
- It allows you to build trading algorithms and back-test strategies.
- It offers complete support from expert advisors, inclusive of those who require hedging capabilities.
- It permits you to scan the market through more than 50 built-in indicators to get the perfect trading opportunities.
- It also lets you trade straight from charts with multiple displays and nine time frames.