I've been accused of "shilling" OANDA. Well, this thread is a perfect example of me NOT promoting OANDA - look at all the people here doing that! It doesn't mean I "work in conjunction with" all the posters on this thread. OANDA seems to be self-promoting, as everyone can openly see, because of the honest service they provide. They don't need me or anyone to "shill" them. Just for the record.... theskalper
I'm trading with Oanda since 2003. Here's what i like about them: - I get my account funded 24-48 hours after sending my wire. It happened once to get my account funded in less than 12 hours!! - They have a web-based trading platform that i can open on any PC. I don't have to instal any software in my PC. - I can see history of my trades on my charts. - Very narrow spread compared to other companies.
Stop this "my broker is stealing me" non-sence. You take a position, automaticly the order goes through Oanda server, they go on the interbank market and charge you 1 pip more! They are 100% hedged and it just make no sence to spend efforts to screw the good traders! It's easier just letting the server run and get the safe profit over and over again! Now if you see a firm offering 500:1 leverage, you can ask questions......
Right ! The interbank market spread for the EUR/USD is 1 pip Oanda charges 1.5 , if they fill you against another Oanda client they make 1.5 pips If they don't and offset against the Interbank market they make 0.5 pips So they don't have to play against the customers !