Good FX platfroms

i am thinking about stepping into the FX frontier and would like to learn from your experience.

i research the market a little bit and learned that most FX
brokers (FCM) offer a spread of 3 pips on the common pairs

i don't think that for a none institutional trader like me it makes a difference which FCM choose

I tried some free demo's from some providers and the platforms were unusable


what i would like to know is which platform that they offer is the best for active trading,

any of you can recommend a good platform ?

your answers will be dearly appreciated

 

i don't trade, but i have demoed oanda and it is 1.5 on euro/usd 2.5 on usd/jpy and nice platform.

j.m.o

 

Oanda platform is perfect. They upgraded it recently.

 

I use the FX platform through Refcofx.com This is probally the most used platform and I like it.

 

A friend of mine told me that the FCM he trades with he gets access to, Currenex he told me that he becomes a market maker himself with it, is Currenex better then oanda?

is there a difference? , is a 2.5 pip spread considered good (he gets it with Currenex via his FCM

BTW

the min for opening an account is 50k

 

We use Oanda along with several of the traders in our traders chat room and have not heard of many complaints. platforms have different spreads especially during news they can widen,most of the time EUR is at 1.5 pips with Oanda.Good Luck

 

What is the difference between those two platforms?

Thanks

Hittfeld

 

perfect my kabulla*. oanda's platform is one of the most basic out there. limited indicator support, no custom indicators, no 15 minutes charting, no API, no exportable historical data, old historical data gets deleted, no trailing stops. On top of that, US$30 withdrawal fees! But the good thing is 1.5 pip spread on Oanda.

Interactive Brokers is the way to go. Free API. Free third party tools. Free data. One free withdrawal per month! 1 pip spread on EUR/USD Futures, 1-2 pip spread for Spot EUR/USD.


*pie

 

Futures Man, you could use a MetaTrader 4 free renewable demo for the benefits of all the tools plus custom indicators and Experts — trading systems while trading through a different broker/platform or open an account with an MT4 provider

There will be price quote differences from broker to broker tho depending on your trading method/s not enough to make much difference.

http://www.alpari-idc.com/en/metatrader4/

http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/

 

There he is ! What took you so long mate !

Metatrader is my primary source of FX quotes.