The brand name of Oanda has today managed to become a name synonymous with forex trading services and currency trading services after 15 consecutive years of online presence and an increasing range of foreign exchange products including forex trading (oanda fxtrade), currency conversion, online trading, oanda currency tools, mobile trading, money transfers, currency hedging and other tailor made solutions offered to returning customers of oanda.com. The name Oanda traces roots back to Swiss Olsen Group and the brand itself stands for Olsen and Associates named after the founder of the company. Oanda today belongs to the top 5 non bank Futures Commission Merchants (FCMs) and it specializes mainly in spot forex trading together with other less marketed products which belong to the family of forex trading.
OANDA is today a registered FCM with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). During its conception in 1995-1996 oanda.com started off as a free currency conversion site similar to xe.com offering users the opportunity to see how much their money is worth in foreign currencies for clearly speculative or travelling reasons which allowed users not only to conert currencies on the current day’s rates but additionally seek out to past facts and figures of forex rates and therefore derive a forex analysis based on facts and figures. The site remained as a free of charge service for approximately 5 years from its launch where in the meantime the above mentioned services where offered in more and more languages making the Oanda currency converter a widespread tool for international travelers across the 5 continents.
Oanda Forex
After a 5 years presence on the world wide web and an increasing number of daily visitors in 2001 oanda launched oanda forex under the name Oanda FXtrade which was launched with the objective to lower costs associated with forex trading either for speculative or travelling reasons. Due to the embryonic faze of online forex trading and of course the wide range of visitors which reached oanda.com to see how much they would get for their money when they were to visit the bank to exchange currency for a trip or business purposes oanda forex became widespread and popular due to its efficiency and effective character.
Oanda Fx Game
Fx Game today known as FXtrade or Oanda Fx Trade is the former abbreviation for the demo version of the oanda forex trading platform which was renamed to fxtrade. The reasons why fxgame was renamed to fxtrade are easy for any experienced trader to understand as forex trading is surely not a game as trading in the forex market does involve both risk and monetary loses; as for novices or rookies in spot forex trading you should note that although the particular abbreviation was given to the demo version of the trading platform offered by oanda.com the name itself did more or less divert you to believe that the ease and online availability of the platform together with its gaming oriented name did more or less describe a game of currencies which is surely not the case in forex trading therefore forcing oanda to change the branding of all the types of its forex trading accounts to fxtrade to avoid any misleading information which could overall damage its credibility.
FX Oanda
Fx Oanda is a term often referred to by more experienced traders as forex pro’s to tend to refer to currency trading as fx; if you have heard the term in a conversation or if you have seen the term on a forum don’t get dazzled. Fx Oanda is nothing more or nothing less than the exact same to oanda forex simply referred to with a way which forex professionals tend to abbreviate forex trading online.
Oanda FX Global Transfer
With the increasing popularity of FX Trade oanda.com extended its services and offerings when in 2008 it launched Oanda FX Global Transfer which had the goal of allowing users to send money across the globe to other Oanda users with the use of the internet; 24 hours a day 7 days a week 365 days a year at reduced rates with no currency conversion fees and no account setup fees. Fx Global Transfer managed to blend in with the rest of the increasingly popular services offered by oanda and continues to be available today at oanda.com as part of the basket of services which are offered at the online website.
Oanda Forum
The oanda forum is a discussion board enabled within the company site with more than 200,000 active members of which most of them are forex traders. The oanda forum is used to share views and as a tool for users to share knowledge, read and analyze other traders thoughts and therefore revise strategies and sharpen trading skills and strategy.
Although experienced traders to tend to stay away from forums as they do tend to have thir own way of doing things; we would say that the oanda forex forum is a good choice for beginners which hold demo accounts to start sharpening their skills and managing to comprehend trading in a better manner before they trade with funded accounts.
We would encourage you to sign up a free a forex demo account and join forex forums including the oanda forum and forex factory as we to believe that the discussion boards can be an excellent way to brainstorm and revise trading strategy.