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Old 06-30-2008, 07:23 PM
Yarcofin's Avatar
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Join Date: Apr 2008
Location: Ontario, Canada
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Default OANDA or IBFX? Is there any way to get MT4 with OANDA?

I think I'm about ready to open a live account... on one hand I like MT4 so I will most likely go with Interbank FX (IBFX), but I also feel that OANDA is probably the largest and most secure forex site, but I hear their platform and charts suck.

Any recommendations one way the other, or maybe another favourite broker of yours? Again, preferrably MT4 compatible.

If there were a reliable broker where I could open an account in CAD, I would probably go with that.
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Old 06-30-2008, 10:01 PM
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Unfortunately, there's no way to get a Oanda feed for MT4. Everyone who is otherwise satisfied with them (myself included) bemoans the charting platform. I don't find the customization MT4 provides as necessary, but that doesn't describe other traders, for whom Oanda's limitations might not be the best solution. A platform with MT4 and a native feed is optimal; but the alternative is to run MT4 on demo (strategybuilderFX has one with no expiration, but not sure how the feed deviates from Oanda or any other broker) and execute trades via Oanda. A bit more of a hassle, but maybe worth it. I'm not certain, but I don't believe CAD-denominate accounts are available there.
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Old 06-30-2008, 11:16 PM
FX-Men Honorary Member
 

Join Date: Mar 2008
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I have no complaints with IBFX. I'm glad I decided to go live with them.

Oanda does give 5% a year on account balance though. That would be nice.
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Old 07-12-2008, 07:45 AM
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Join Date: Apr 2007
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I really, really want to believe that IBFX is as good as they claim to be, and at least as good as their demo account. However, every review I read has some kind of complaint.

I tried OANDA (demo), but the charting was just terrible for me... I realized that MT4 is a must.

Anyone trading with IBFX and NOT hate them? If you're out there, please speak up as I'm getting kind of nervous here.
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