TradeStation vs. Oanda

Discussion in 'Forex Brokers' started by gotta_trade, Nov 21, 2008.

  1. Hi,

    What do you guys think of Oanda compared to TradeStation?

    Considering the fact that both are not ecn's, what are the advantages/disadvantages of Oanda and TradeStation when considering:

    1) spreads
    2) executions
    3) interest charges

    Thank you,

    "Happiness has little to do with the circumstances you find yourself in, but rather what your attitude is towards your circumstances."

  2. I don't know much about TradeStation, in fact I don't know anything about TradeStation but as far as Oanda goes...

    1) .9 on Eur/Usd most of the time (see spreads screenshot below), variable and they can widen across data to ~20 on the majors
    2) Usually instant with minimal slippage (if any), no partial fills. Option to use 'bounds' to control slippage but I've never used it so I don't know how effective it is!
    3) Interest calculated on trades by the second, and interest paid nightly on free equity - no minimum balance requirement

    Normally Oanda are pretty good but just lately they've had a few 'problems', check out their forums

    If you've got the time then why not download a demo of both and compare?


    Oanda spreads