I was hoping to open an account with Turnkey but they only accept bitcoin now and I don’t want to get involved with that.
Will be openning an account with a lot less capital than initially planned. Now, as a U.S. trader, the question is …
LMFX, tighter spreads, longer deposit/withdrawal, greater leverage, unregulated
Oanda, wider spreads, easy deposit/withdrawal, 50X leverage, regulated.
As I have mentioned earlier, I am a swing/long term trader using the M,W,D charts. Given that, the spread difference might not be that big of a deal.
Leverage will effect my margin but not my “risk management”
All my chart experience has been on MT4 which both have. Given it’s my first live account I am leaning toward the regulated, easy deposit/withdrawal of Oanda.
My only concern with Oanda is that they are a Market Maker. Perhaps I am being too negative about that or my concern is “overblown”.
Openning a much smaller account I would probably be dealt with “in-house” anyway.