What is the total amount of client funds for oanda forex MM ?
Dose anyone know the total client funds, deposit liabilities or funds under management listed with oanda?
No, I don’t. They might tell you themselves. Also, a good attorney could probably find that somewhere for you.
Oanda is subject to the rules of the NFT, and is based here in the US. I checked it out.
I will readily tell you however, that neither of the two conditions above could stop Oanda, or any other forex broker, from going under. In fact, futures transactions (which include forex) are not nearly as regulated as the banking industry here in the US, and you can see what a mess the banking industry is right now, even with all that government oversight.
If it were me, I would go with a broker who allowed me to place more stringent limits on my money (e.g. max 50X leverage).
I would also find one whose account reps would really give me good info on technical analysis, fundamental analysis and risk management. And I mean spend some serious time with me on the phone.
I would also find one of the larger houses that would be loathe to risk its hard-earned rep on a stupid decision.
And of course, none of this means that Oanda, or any other forex broker, won’t go out of business anyway. Because of this, once you have established a predetermined amount of money with one broker, then divide that money in two and place half of it with another broker. Spread it around, because it’s highly unlikely all of your brokers will go out of business at the same time.
Good luck! Remember to watch fundamental announcements. Technical analysis is no good all by itself.
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