I thought about switching to Oanda as well which is why I started this thread. I hoped to get some constructive pros and cons. I opened an Oanda demo account but went back to FXCM. No offense to Oanda, I just like the FXCM platform better. Also, that comment by an OANDA user at the link I provided made me think twice. Also, just my opinion here, but I think FXCM's plug-in charting package is the best free charting software I've seen. I tried metatrader and hated it. Unless you're a professional programmer, it didn't make much sense. There are other services that will alert you by mobile phone if you want it. Finally, I don't know about Oanda's service, but I can say FXCM's service is excellent. I just click the chat button and every time I've gotten an instant response.
Also, the previous poster may have a point about scalping. But I don't scalp the market. If I were scalping, I'd find the lowest spread dealer I could find. This is not FXCM. I've found them to be frank and honest in my dealings with them.
Let's face it, one broker does not fit all trading styles.
Quote:
Originally Posted by slba34g
I apologize for being incorrect in my previous posting. I was going off memory when I said that EUR/USD hit a 15 spread 3 times and it was only two times.
Like I said in my previous post, I just started trading about 6 months ago with FXCM and tried a few other companies but there were things that kept on bringing me back to FXCM.
That being said, that does not mean that they are the best company to trade with. So far I am very impressed with Oanda and I am honestly thinking about switching. Before I make that move to Oanda I would like to hear of any experiences people have had with them, or if they are a reputable company.
Thanks for your input!
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