Is Oanda.com a fair Forex Broker?
OANDA is a Forex Broker offering Forex Trading services via their own trading platform and MetaTrader 4. Regarding orders execution model, OANDA is a market maker and therefore executes orders of traders on their own b-book. OANDA offers variable spreads. OANDA doesn't offer any type of % deposit bonuses, huge leverage, competitions etc. - this is a good sign. They also offer useful education and trading tools. However, their instant - market maker - orders execution and spread widening reported by traders over the Internet remain questionable.
Pros: Education and trading tools, no dirty offers
Cons: market making ALLOWED, questionable spread widening and slippage - orders execution