Thanks for all the responses Jason. I appreciate it.
I have been trading with UWCFX and they have $0.10 per pip in the Lite Forex accounts. I believe that anything less than 10 cents per pip is not Forex trading at all 
Hi Brolin,
It’s my pleasure
I’m sure there are others who had the same questions and are also glad you asked.
Jason
Hmm…im guessing your joking right about anything less than the $0.10 per pip
Try telling a complete newbie who opens there first account for $100.00 that risking $0.10 over a 35pip stop, (which is $3.50 or 3.5% risk) is acceptable lol. They should be risking less than $0.05 per pip, more like $0.02
I’m kinda iffy about Oanda, they use 00:00 EST/EDT as their daily candle close. So this means 2 things:
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You will have 6 daily candles in one week. From what I understand, the “pros” have 5 daily candles per week since they consider the London open (in the US on Sunday 17:00 EST) as part of the Monday candle.
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Having 6 bars and a different close/open will effectively make all your candlesticks look out of whack when compared to what the majority is using.
I’m currently using Oanda’s practice account and desperately searching for a new broker that uses NY 17:00 close. If anyone has suggestions, I’m all ears. Oh, I’m a US resident, so I think that narrows my options considerably.
Thank you very much,
Rainmonkey