OK Putin's puppet with 9 posts. maybe it changed recently and i did not notice because i really use Oanda very rarely. but i remember times (1-2 years ago) when quotes even on EUR/USD almost disappeared when a big unexpected number/news came out (which did not happen to such an extent on IB market!). the point is IB is cheaper even if Oanda's mark up stays at 0.4 - so why bother. i see we have some new Oandians coming to ET.
Huh? 0.5 pip spread +0.2*1.30 + 0.2*1.30 = 1.02 Pip (with eur/usd @ 1.30) - and thats assuming a constant 0.5 pip spread, which is not the case.
IdealPro is great for FX, but they margin crosses at 25:1 (thru synthetics) and they don't have any exotics. Oanda is great in all the ways IB is lacking. I've always marked Oanda by an EBS quote and it's always been in-line. IB is often wider than 1 pip on EURUSD.
Good idea, let's compare some rates. Didn't include all available pairs, neither regarding IB nor Oanda. if you want more do it yourself. Ok, let's see, if you are long 1 lot: IB http://is.gd/e4dsO Oanda http://is.gd/e4dov If you are short 1 lot: IB http://is.gd/e4dvL Oanda http://is.gd/e4dpD Interest is in â¬. Well, Dollar is toilet paper anyway. Trading 1 lot as an example Oanda interest (and compared to tier 1 of IB) seems much cheaper.
wrong. the point is you are new here so nobody can check your intentions while i am not - you can check my posting history with respect to IB issues (you may be surprised by what you find )
not sure i follow. the commission is 0.2 on top of 0.5 spread. in total 0.7. i agree there is a minimum of USD2.5. so if you trade only 62,500 small "lots" the commission is in fact 0.4 making it on par with Oanda. i just do not see if you trade 1MM how you get it cheaper with Oanda. If that's the case maybe i need to reevaluate where I execute some trades (and allocate the capital). btw, is your money at Oanda finally insured in the same way IB is? I doubt that....
My intentions are looking for the truth. And I simply don't believe that guy's claims. He can't even provide facts. Then he even wasn't sure what he was writing because his first post contained errors. If there is one error there are more errors most of the time. On top of that the claims are quite illogical.
But you do actually trade with IB ? Commission is $20 per 1m USD traded. For 1m eur/usd its $20 * eur/usd rate. So its ~$26 or or 0.26 pip, one way. Double that, since you have to exit your trade too, and add 0.5 pip spread.
1. yes. (and I do trades occasionally with Oanda too) 2. if you double that then you need to double Oanda's 0.9 too - this is becoming silly.