Oanda or IB?

Quote from forestgril:

So? Any conclusions?

After some semi-dilligent research I think that for a beginning with small money Oanda would be the best choice... Even if they "run away" with all the money, which seems unprobable before 2012 ;) You will, at worst, loose few thousands of bucks.
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Agree.

Most importantly a trader would require a very good platform that can facilitate the development of a profitable system, while using limited resources particularly when concerning minimum risk capital.

So make a wise decisions by yourself.
 
Quote from forestgril:


After some semi-dilligent research I think that for a beginning with small money Oanda would be the best choice...
######################
Call oanda and ask refferal .She must pay it for you .

Best start is in public contest with paper money ,entry without charge but real prize money .
More...
 
With societe general we saw that only one trader blew up 7bln$
So you guys quoting oanda or ib or fxcm as safe with 50mln$ is just risky.. I am an ex refco client who was stuck in after they went bankrupt for more than 3 years...the good thing is i just received a check...the bad thing is the amount i received..43% of my balance! less the interest i lost if i placed my money in a regular bank account or traded it on any other financial markets.

So today saying that 50mln$ for a broker is a guarantie is just rediculos...its sure more than the small brokers who have 1 mln$ or 2 in capital...but 50mln$ is not that high if we consider that some brokerage do inhouse tradings and if regulation and controle are not rigouros, a societe general scandale can happen to any of these...and go looking after your money than...I think its not the capital the only matrix we should be looking here...the capital protection is one a good matrix (sipi for instance) also another one whish shows a transparency of the brokers such as segregating clients accounts and the inhouse accounts, also a regulation by the nfa or any legal authority who guaranties that clients accounts should be protected in all means from any use for internal purpose that capital raise or margin call for the broker at a tiers party..etc

ZC
 
Quote from Comandatore:

With societe general we saw that only one trader blew up 7bln$
So you guys quoting oanda or ib or fxcm as safe with 50mln$ is just risky.. I am an ex refco client who was stuck in after they went bankrupt for more than 3 years...the good thing is i just received a check...the bad thing is the amount i received..43% of my balance! less the interest i lost if i placed my money in a regular bank account or traded it on any other financial markets.

So today saying that 50mln$ for a broker is a guarantie is just rediculos...its sure more than the small brokers who have 1 mln$ or 2 in capital...but 50mln$ is not that high if we consider that some brokerage do inhouse tradings and if regulation and controle are not rigouros, a societe general scandale can happen to any of these...and go looking after your money than...I think its not the capital the only matrix we should be looking here...the capital protection is one a good matrix (sipi for instance) also another one whish shows a transparency of the brokers such as segregating clients accounts and the inhouse accounts, also a regulation by the nfa or any legal authority who guaranties that clients accounts should be protected in all means from any use for internal purpose that capital raise or margin call for the broker at a tiers party..etc

ZC
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Sorry for all the gramatical mistakes and orthogarph...i am a good french trader though...:)
 
Comandatore


Registered: Jun 2005
Posts: 160


New Post 02-08-08 02:30 PM

With societe general we saw that only one trader blew up 7bln$
So you guys quoting oanda or ib or fxcm as safe with 50mln$ is just risky.. I am an ex refco client who was stuck in after they went bankrupt for more than 3 years...the good thing is i just received a check...the bad thing is the amount i received..43% of my balance! less the interest i lost if i placed my money in a regular bank account or traded it on any other financial markets.


All CFTC broker are not SIPC protected

Divide accounts from small capital's
use SEC broker (OXPS,SWIM,IBKR) ,
which offer trading
with CFTC product ,after trading end,switch
money to SIPC account
 
Quote from ssss:

Comandatore


Registered: Jun 2005
Posts: 160


New Post 02-08-08 02:30 PM

With societe general we saw that only one trader blew up 7bln$
So you guys quoting oanda or ib or fxcm as safe with 50mln$ is just risky.. I am an ex refco client who was stuck in after they went bankrupt for more than 3 years...the good thing is i just received a check...the bad thing is the amount i received..43% of my balance! less the interest i lost if i placed my money in a regular bank account or traded it on any other financial markets.


All CFTC broker are not SIPC protected

Divide accounts from small capital's
use SEC broker (OXPS,SWIM,IBKR) ,
which offer trading
with CFTC product ,after trading end,switch
money to SIPC account
More...

thank you ssss for your advice!
what do you mean after trading ends (with cftc product) switch to SIPC account....do SEC broker offers SIPC accounts,?
 
thank you ssss for your advice!
what do you mean after trading ends (with cftc product) switch to SIPC account....do SEC broker offers SIPC accounts,?

Yes ,if you trade by SEC broker ,which offer
CFTC future to end of the day you can switch
cash from CFTC account to SEC account .

SEC account protected untill 100 k$ -25 mln $ ,alsov in case if broker with clients money going illegal to columbia or thailand for 20 years

Public noted broker ,which offer

OXPS -www.optionsxpress.com
SWIM -www.thinkorswim.com

IBKR -this is not pure agent of principal ,traded against client interess through TMWD


All have some 1 bln$ market value


Attention ! Author have had legal issue with Thinkorswim owner (author won with court help)


OANDA appel to mass public with she#s chart ,no more.She is market maker as IBKR


www.mbtrading.com offer alsov good chart
SIPC protected account and future with
cheap price .

But it is privat , and owner performed public
lies on ET -stated ,that MBT is pure agency .
It is not (read MBT client agreement -
company undertake proprietary trading activities )
 
Quote from ssss:

Quote from forestgril:


After some semi-dilligent research I think that for a beginning with small money Oanda would be the best choice...
######################
Call oanda and ask refferal .She must pay it for you .

Best start is in public contest with paper money ,entry without charge but real prize money .
More...


I am sure, that some people are being paid for positive references. To make sure that I am not the one, check my other discussion with Ivanovich (whom I previously suspected... :cool: ) and Cabletrader (it was called Oanda Scam or something like that). I tell You again: Oanda are thieves, and their disconnections suck very bad. They sometimes widen the spreads BEYOND the news time and go with them to 20-25 pips on mayors! I am sure that not everytnig is automated there, as they claim... They are a bucketshop. So do You still think I am paid for my references? :D

Anyhow - If You don't trade the news, I hope it is possible to be profitable with them and I will give them a try, but only to a moment when I get 10-20k$. After that I change to something more reliable, because I am not one of the traders who will loose on forex.
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One thing more - the only 2 reasons why, really like Oanda are:

-the ability to play microlots with a small initial capital, so You can learn Your emotions with real money trading, good for the dawn of a trader

-5 sec charts - If You know a good method, they can give You an insight in structure of "emotions" of the market, which sometimes decides about several tens of pips lost or gained
 
Quote from forestgril:

One thing more - the only 2 reasons why, really like Oanda are:

-the ability to play microlots with a small initial capital, so You can learn Your emotions with real money trading, good for the dawn of a trader
*****************************

FXSOL offer lot of 1000 ,2000 .... 10000 ,100000
and another suspect alsov ...


Better start in public contest without any charge
++++++++++++++++++++++++++++

-5 sec charts - If You know a good method, they can give You an insight in structure of "emotions" of the market, which sometimes decides about several tens of pips lost or gained
More...

*************************
No any value . mbtrading ,hotspotfx offer ECN
with 10 best bid ask + chart which you wish

you can find alsov good chart by some future fX broker -transact ,cTS t4 &

OANDA ,FXCM,GFT,FXSOL ,GAIN have most
capital

but SEC public noted broker which offer
future fx have 10 time more capital

OXPS ,SWIM ,IBKR
INTRADAY margin offered for ECH8
is more as 1:100 ,it is better as by OANDA
 
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