FORGET ABOUT OANDA, new kid on the block is..
- Thread starter NickBarings
- Start date
Right, all financial markets should be
one 24 hour open ECN !
one 24 hour open ECN !
It probably has a niche value (for people who don't have the volume to go the primer broker route). Nice that they don't have minimum volume requirements.
The commission rates are high though.
$5 per $100,000 (or $50 per mil) on a high value currency like GBP/USD adds 1.9 pips to the round turn trading cost.
So the 2 pip normal GBP/USD spread equates to an effective 3.9 pips
(sometimes it shows 1 pip which equates to an effective 2.9 pips).
The 1 pip normal EUR/USD spread equates to an effective 2.3 pips.
The commission rates are high though.
$5 per $100,000 (or $50 per mil) on a high value currency like GBP/USD adds 1.9 pips to the round turn trading cost.
So the 2 pip normal GBP/USD spread equates to an effective 3.9 pips
(sometimes it shows 1 pip which equates to an effective 2.9 pips).
The 1 pip normal EUR/USD spread equates to an effective 2.3 pips.
Sorry, I made a mistake in my calculation, the commission for the EUR/USD is indeed 1.3 pips so total of
2.31 pips
2.31 pips
Good oneCan anyone comment on platform stability and execution quality?
I had a quick look on the platform, and i have 2 quick questions:
In the FXboard quotepanel euro is quoted with i.e. 1.28750 / 1.28760, where 87 is displayed in big letters. Would make much more sense to have 75/76 in big letters. I found that quite annoying, is there a way to change that?
One-click dealing availaible? I didnt find that either.
Are the demo-quotes representative for the live-platform?
Hope someone can answer,
P.
I had a quick look on the platform, and i have 2 quick questions:
In the FXboard quotepanel euro is quoted with i.e. 1.28750 / 1.28760, where 87 is displayed in big letters. Would make much more sense to have 75/76 in big letters. I found that quite annoying, is there a way to change that?
One-click dealing availaible? I didnt find that either.
Are the demo-quotes representative for the live-platform?
Hope someone can answer,
P.
www.marketindex.com Oanda's engine with ABN-AMRO's credit. Problem being; I don't think ABN would want to open your account due to the Barings' deal. You never know, perhaps they'll open a "88888" account for you.
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