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

Discussion in 'Forex Brokers' started by NickBarings, Aug 8, 2006.

  1. ,

    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-

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

    Make up your mind !:cool:

    P.S. I am not a spammer because Oanda was my previous
    love. :D
  2. skepticaltrader

    skepticaltrader Guest

    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.
  3. 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.
  4. skepticaltrader

    skepticaltrader Guest

    You can trade as low as 1 lot (1 lot = $10,000).
  5. How large can the spread become ?
  6. taboni


    How long is a piece of string?
  7. 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 ;)
  8. Can you trade at Oanda different accounts with a limited power of attorney
    with 1 click of the mouse ?
  9. 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 :D
    #10     Aug 9, 2006