Exness Review
OANDA Sign Up Bonus
Overall, OANDA is very competitive in terms of its trading fees and spreads. OANDA is a multi-regulated forex broker with 11 Tier-1 (High Trust) and 2 Tier-3 (Low Trust) regulators. OANDA has a Trust Score of 92% out of 100. OANDA is currently not regulated by the MFED, BoB, or NBFIRA of Botswana
- Lesche Duvenage
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Sign Up Bonus
Referral Bonus
Additional Broker Bonuses
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
OANDA Sign Up Bonus – 6 key points quick overview:
Sign-up Bonus
👉 OANDA does offer newly registered Botswanans a sign-up bonus.
👉 Although there is no welcome bonus available to Botswanan traders who register a real account with OANDA, the broker offers a deposit incentive on all first deposits.
👉 Botswanans who open their first account with OANDA may get a deposit bonus of up to $5,000 on their first deposit. Botswanans who intend to participate in this bonus must be aware of the following terms and conditions:
➡️ The offer is exclusive to traders who have not yet placed a deposit.
➡️ All Botswanan traders must meet the genuine account criteria and be authorized by OANDA to qualify for this offer.
➡️ The deposit bonus is incompatible with other bonuses.
➡️ The offer is restricted to one individual and one account per person.
➡️ Neither joint accounts nor demo accounts qualify for this offer.
➡️ Traders are subject to a fair use policy, and OANDA may withdraw bonuses if suspicious behaviour is suspected.
➡️ Botswanans must deposit at least 25 USD or 320 BWP to qualify.
👉 Botswanans are not offered any additional benefits, such as a no-deposit bonus, trading bonus, or broker bonus, in addition to this deposit bonus.
Referral Bonus
👉 There is currently no provision made for an OANDA referral bonus.
👉 The referral bonus is an incentive that benefits the broker and provides the greatest opportunity for traders to generate passive revenue. In addition, by offering this benefit, traders might encourage their referrals to open a genuine account and begin trading on OANDA’s trading platform.
Additional broker bonuses, promotions, and rewards
👉 OANDA does not give broker bonuses or trading bonuses to loyal customers currently. However, Forex and CFD brokers frequently give such incentives to encourage active traders to raise their trading volumes, hence boosting the general liquidity of the platform.
👉 Many forex brokers also provide trading volume-based tournaments in which traders may win various prizes.
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
OANDA Pros and Cons
| ✔️ Pros | ❌ Cons |
| Proprietary desktop trading platforms offered alongside MetaTrader 4 and 5 | Fixed spreads are not offered |
| Offers an impressive array of financial instruments including most currency pairs | There is a monthly inactivity fee applied |
| Innovative mobile trading apps and mobile platforms provided | |
| There are several advanced charting tools and charting features offered | |
| Negative balance protection is applied to accounts | |
| The broker accepts a wide range of trading strategies including algorithmic trading, hedging, scalping, and more | |
| There is a comprehensive range of trading tools and analytical tools offered | |
| Deposit fees are not charged and there are several deposit options | |
| Offers a decent selection of educational materials including educational articles | |
| Client funds are kept in segregated accounts |
Verdict on OANDA
👉 Overall, OANDA is very competitive in terms of its trading fees and spreads.
FAQ
Is OANDA a good broker for beginners?
OANDA is one of the best forex and CFD brokers in the United States and several other regions, including Africa.
How much can I earn from the OANDA deposit bonus?
You can earn a maximum of 5,000 USD when you opt for the OANDA deposit bonus.
Do I get a sign-up bonus once I register a trading account with OANDA?
You do not receive a sign-up or welcome bonus once you have registered an account with OANDA.
How can I withdraw my OANDA bonus?
You cannot withdraw your bonus because it is merely trading credit and not real cash. However, you can withdraw the profits you make on top of this bonus once you have achieved the necessary trading volumes.
Does OANDA offer a bonus for demo accounts?
OANDA does not provide demo account holders with a dedicated bonus on practice accounts.
