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Yes, they both are. I have a demo FXCM account and a live Oanda and the spreads are pretty much the same however with FXCM you have to pay commission too. Which I would honestly prefer commission based fees but I'm starting to not really trust any broker that marks up the spread. Fx futures are...

I'm trying to figure out which is better now, IB fx futures or OANDA forex. I've been trading both and I really don't like the spread on OANDA as my strategy is based around the news.

dw31583, could you please expand on the ECP loophole you mentioned? I was using IB for scalp trading and was very happy but now they require you to be a ECP in order to trade leverage forex in the US. So there are no US based brokers that suit my needs now. I am a dual citizen (US and UK)...

TWS is IB's trading software. I am in the same boat... I'm very disheartened by the news. They are a great company. Being a US resident really does not help either, or I would switch to Lmax in a heart beat. I have opened a OANDA account for the mean time, but looking for something that isn't...