I’ve been doing days worth of research to figure out which broker I’m going to go with for a live account. It seems that the real contenders will be Forex.com, whom I’ve been using for demo, and OANDA. It seems, from what I’ve gathered, that OANDA is the more favored of the two, even though Forex.com has about ~50% market share & OANDA has around ~25% + a squeaky clean regulatory track record.
The only issue that I have is that, in MT4, you have very limited access to historical exchange rates. After consulting with several of their agents, the general consensus was that ‘it is what it is’. One suggested I download the historical data, which I did, but ran into a disclaimer of the difference/accuracy between MT4 & OANDAs feeds. I find this very limiting & detrimental to my ability to thoroughly analyze & make informed decisions on the trades I’d be taking if I can only access 6 months or less worth of data. Currently, Forex.com gives me access to the beginning of time. lol
Am I missing something? Is this not an issue for most people? I’m surprised this is even ‘a thing’.
Also, if that really is the case & I opt to open my live account with Forex.com instead, would that be such a terrible move since they clearly have more people trading with them…?
Thanks in advance for your thoughts, opinions, & help!