IB or Oanda or ????

Quote from def:

robert,

more volume is immaterial, it is the addition of liquidity that matters. this has improved substantially since our initial offering. If you do give it another try, I'm confident you'll be pleased with the results.
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Have been trying it out this week Def. It is very good, a great service for forex traders.
 
Sorry to be off thread here but changed my USD for GBP at a UK bank yesterday and they charged me 1.84 for them - swoon. I could have bought USD for 1.65.

On what trading platform and in what parallel world were those terms being offered yesterday??? :confused:

Or just another instance of online fx trading being a million miles away from the real world.
 
Quote from PipGoddess:

Sorry to be off thread here but changed my USD for GBP at a UK bank yesterday and they charged me 1.84 for them - swoon. I could have bought USD for 1.65.

On what trading platform and in what parallel world were those terms being offered yesterday??? :confused:

Or just another instance of online fx trading being a million miles away from the real world.
More...

hey, u know what? this gives me a good chance to make a point - u were trading with a single MM - instead of with an ECN!! :D
 
Quote from phoenix555:

hey, u know what? this gives me a good chance to make a point - u were trading with a single MM - instead of with an ECN!! :D
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Don't think either an ECN or MM would have changed my physical $$'s!! :p
 
1. Up Time
Some currency brokers tend to have a high correlation between extreme market volatility and system outage.

I understand that Oanda has no designated telephone dealing desk other than an off-the-record commitment to close positions only.

For those trading with Oanda, how is their up time? Are they down frequently? Is their a correlation between outages and market volatility?

2. I have seen comments here and there that Oanda conducts price shading based on your positions. I am left with the conclusion that this is in play to a certain extent in the entire FX market.

Any comments on this would be most helpful.

Thanks in Advance
 
I have just visited Oanda's Forums under "FXTrade Platform Issues". There are 2 threads that discuss outages today during US NFP data release. Some comments about this being the 2nd US NFP in a row where Oanda has been down.

I called Oanda and they state that only their FX Game was down.

It would be great to hear from some more Oanda traders on this to clarify as there is a clear difference in opinion on the system performance today.
 
Lots of problems that happened right at 8:30 when NFP was released on Oanda. It wasn't freely quoting until 8:45 AM, and order entry was hit and miss - sometimes stuck, sometimes kicking out an error (server rejected). I had to log in no less than 4 times this morning. What could have been a fantastic day (had Oanda executed my orders) turned into a decent day.

The above relates to the live server.
 
Quote from MiamiHurricanes:


2. I have seen comments here and there that Oanda conducts price shading based on your positions. I am left with the conclusion that this is in play to a certain extent in the entire FX market.

Any comments on this would be most helpful.

Thanks in Advance
More...

ECNs, for example, Interactive Brokers, cannot shade price based on your positions, because counterparties do not have access to info re: each other's position when trading through ECNs. This is one of the reasons why it makes no sense to trade through a bucketshop, when one can instead use an ECN.
 
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