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!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When i close my trade it always closes at a lesser profit than what i saw on the screen before closing. It happened the first time and I thought i wasnt seeing clearly then it happened again. I complained to them and they spoke some technical language to me saying it wasnt theor fault. duh!
When it comes to currency trading there no broker with better spreads than Oanda. Their customer support is also surprisingly good because I stay in South Africa yet they always reach out to me even when there is no issue. kudos
Oanda has some of the best tools I have seen with any broker especially their currency converter tool which is very useful to me.
I love Oanda for 2 things: Their account managers are so caring and their TradingView implementation is perfect. Oh i forgot to add, instant withdrawals !
Oanda has the best customer support I have experienced in a while. Not to mention their low spreads and great working tools
Oanda is an FCA & ESMA Regulated CFD & Spread Bet Provider with No Minimum Deposit & Guaranteed Stop Loss
Does Oanda Accept South African Residents?
Oanda does not accept South African resident traders at the moment due to regulatory issues.
The ban is not peculiar to South Africa alone, Oanda does not also accept traders from Kenya & Nigeria.