FORGET ABOUT OANDA, new kid on the block is..

N

NickBarings

www.EFXgroup.com , www.mbtrading.com/fx/



full ECN structure, leverage 100:1,all orders server held,
only 400 $ minimum account


some statistics(70 samples) for today (London + NY hours)

spread EUR/USD : 1.01 pips

average size best bid/offer : 14 million


advantage over Oanda ; scalpers allowed and leverage of 100:1
buying at the bid/offer with incre-
ments of 0.1 pip
news trading without any restric-
tions.



disadvantage : total cost is 2.01 = 1(commission) + 1.01(spread) pips <> 1.5 with Oanda




Make up your mind !:cool:


P.S. I am not a spammer because Oanda was my previous
love. :D
 
I downloaded their demo the other day and have been playing with it.

It looks very promising for a trading platform. I like the fact there is no dealing desk.

Will probably open up an account with them real soon.
 
Did I read correctly that their minimum trade size is 10K lots. Is there a minimum commission amount? Commish on a 10K lot would be $.50 per my calculation unless there is a minimum.
 
You can trade any size in any increment at Oanda. Plus they pay interest on your balance by the second, kinda eases the pain when you can't find a decent position to take ;)
 
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