Thread: Oanda v. FXCM
View Single Post
  #6 (permalink)  
Old 05-29-2007, 06:08 AM
LTX LTX is offline
Newbie
 

Join Date: May 2007
Posts: 11
Default

Quote:
Originally Posted by slba34g View Post
I have been with FXCM for about 6 months now and I have to say that I am very satisfied. There customer service is outstanding and they will help you at the drop of a dime. They have very reasonable spreads that only go up a few pips in a volatile market, and in the rare occasion that they make a mistake with something, they will credit your account for the money you had invested. e.g. There trading platform was down on a Sunday night, and anyone who lost money could get that money put back in there account.

Yesterday I found Oanda, and I was impressed from the moment I got on the website. The live chart they offer directly on the trading platform, lower spreads, and you don't have to switch from a mini account to a standard if you are a newbie. You can enter $1 or $1,000 per pip, it does not matter.

However, with all of that factored in, I looked at the past 7 days for their spreads and just for EUR/USD you could get it at a 1.2 spread two times last week. From there it ranged from 3 to 15 for the spread, and it did hit 15 three times! I am torn, because I love everything that Oanda has to offer, but I don't think I can handle a 15 pip spread when I could get a steady 3 or 4 pip spread at the highest through FXCM.

I would love to here from anyone that has used Oanda, and tell me what you think.

Shame on you
Publishing misleading information
As you claim,
1.we only can get spread 1.2pip per week
Truth is:We can get that spread whole weekday except at news time.

2.past 7 days for their spreads and just for EUR/USD you could get it at a 1.2
spread two times last week. From there it ranged from 3 to 15 for
the spread, and it did hit 15 three times! I am
torn, because I love everything that Oanda has to offer, but I don't think I
can handle a 15 pip spread when I could get a steady 3 or 4 pip spread at
the highest through FXCM.
Truth is:Oanda maintain 1.2pips on E/U all the time whole weekday except
at news time.you all can check it at here EUR/USD Spread
or you can see the picture below.



Reply With Quote