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