FORGET ABOUT OANDA, new kid on the block is..

www.EFXgroup.com , www.mbtrading.com/fx/



full ECN structure, leverage 100:1,all orders server held,
only 400 $ minimum account


some statistics(70 samples) for today (London + NY hours)

spread EUR/USD : 1.01 pips

average size best bid/offer : 14 million


advantage over Oanda ; scalpers allowed and leverage of 100:1
buying at the bid/offer with incre-
ments of 0.1 pip
news trading without any restric-
tions.



disadvantage : total cost is 2.01 = 1(commission) + 1.01(spread) pips <> 1.5 with Oanda




Make up your mind !


P.S. I am not a spammer because Oanda was my previous
love.

 

I downloaded their demo the other day and have been playing with it.

It looks very promising for a trading platform. I like the fact there is no dealing desk.

Will probably open up an account with them real soon.

 

Did I read correctly that their minimum trade size is 10K lots. Is there a minimum commission amount? Commish on a 10K lot would be $.50 per my calculation unless there is a minimum.

 

You can trade as low as 1 lot (1 lot = $10,000).

http://www.efxgroup.com/commissions.asp

 

http://www.fxfisherman.com/forums/chit-chat/557-meaning-oanda.html#post4026


if this is indeed oanda, begin to worry.....

 

How large can the spread become ?

 

How long is a piece of string?

 

You can trade any size in any increment at Oanda. Plus they pay interest on your balance by the second, kinda eases the pain when you can't find a decent position to take

 

Can you trade at Oanda different accounts with a limited power of attorney
with 1 click of the mouse ?

 

Yeah, with EFX the minimum trade size
is 1 lot of 10000$ so yes, if you want
to let your 3 year old kid trade then
go with Oanda