Is Oanda a Licensed Broker?They do not have any information on their website regarding regulations or licenses. Also, when we searched for regulatory information on FCA, FinCEN, CySEC, and other regulatory websites, we found nothing. We found several warnings regarding their financial activities.
Why Should Not You Trust an Unlicensed Broker?
An unlicensed broker is not regulated by any government agency, meaning they may not be held accountable for fraudulent activities or other illegal actions. This puts traders at risk of losing their money and not being able to get it back. Additionally, unlicensed brokers may not follow the same guidelines and regulations as licensed brokers, which could lead to unethical practices.
Can Oanda Be Trusted?
Oanda does not provide any information regarding their license; they don’t have any clear details about the deposit method and their withdrawal policy. With all these problems, how can you trust Oanda for your investment?
What Do Traders Think Of Oanda?
Traders are not happy with this organization’s activities. They have many negative reviews and bad grades regarding their services, especially their account ban policy, no profit withdrawal, and no customer service issues.
Scammed by Oanda Broker? – Talk To Our Experts
If you believe you have been scammed by Oanda, it is important to seek help from experts. Submit your case to us through our form. We will analyze the case and then will contact you. We then provide you with a free consultation and will provide you with some good recovery service recommendations to help you to get your fund back.