Oanda or IB?

Quote from dtjohnson01:

I am not so much worried about the trading aspect with oanda being a "bucketshop";as I feel I am being "stop hunted", cheated, or other fraudulent type things, then I can see it, maybe take a small loss and I can then make that decision whether or not to stay.

It's things I can't see that are "behind closed doors" at a company that worry me.
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No offense but those are contradictory statements, IMO. But first, I am constantly amazed at how many people find out that i.e. Oanda is a bucket shop and still deposit their money there. I respectfully submit that it's a bit of an odd approach to say 'Oh, Oanda is a dishonest bucketshop? Ok, well I'm going to open an account there and as soon as that's perfectly clear and i've lost some money to their sharp practices, I'll close it'.

Back to your statements above. If Oanda is a bucketshop, doesn't that tell you a lot about what is going on behind closed doors? Don't get me wrong, I have absolutely nothing against bucketshops since I feel that those who give their money away to a bucketshop deserve to lose it. My point is that the business model is 'Use every trick in the book to get money off of unsuspecting naive traders'. So that's what's going on behind the closed doors at a bucketshop. Would you feel better having your money there or at a firm that is simply there to execute your trades?

In Canada the first 100K at IB is protected by the government. Not sure about the U.S. A, if that's where you're located.
 
who can tell me then: if I would like to deposit really small amount of money, let's say from 250-2000$, and make maximum 5 tehcnical trades a day (worth at least 30-50 pips), which broker would be good for me?
 
Quote from forestgril:

who can tell me then: if I would like to deposit really small amount of money, let's say from 250-2000$, and make maximum 5 tehcnical trades a day (worth at least 30-50 pips), which broker would be good for me?
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1.divide accounts ...

if you have 2000 $,divide account on 4


2. one account with ECN www.mbtrading.com
try demo ,it real time ,without charge

account minimum 400$ ,margin 1:100 ,but this have only downloading version

one account with company ,which have not only
downloading version ,but also web based platform ,which
work by worst network conditions ,as example from
Macdonald public internet access

GFT ,single click trading possible from web and downloading
version (by FXSOL -only from downloading version ,
FXCM have only downloading version)
minimum account 250$ ,margin 1:400 ,liquidation margin
1:1600

one account by broker ,which offer contest or without
charge with price 300$ ,or with charge 50$ for price money
1500 $

www.marketzar.com ,offer day future fx contest &
www.mgforex.com offer month contest with margin 1:100

http://www.youtube.com/watch?v=HMp4WTBdKKg


Bet wish ...
 
Quote from ssss:

1.divide accounts ...



GFT ,single click trading possible from web and downloading
version (by FXSOL -only from downloading version ,
FXCM have only downloading version)
minimum account 250$ ,margin 1:400 ,liquidation margin
1:1600

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thank You for help, but why do You think, that opening a account with leverage 1:400 is reasonable?

If I take a reasonable stop loss in an important place, which will be at least 10 pips, I loose 40% of my capital, don't I?

Or can I buy smaller lots?
 
Quote from forestgril:

thank You for help, but why do You think, that opening a account with leverage 1:400 is reasonable?

If I take a reasonable stop loss in an important place, which will be at least 10 pips, I loose 40% of my capital, don't I?

Or can I buy smaller lots?
More...

#####################
?!

You stated ,that you are person with international experience ...

Take demo ,without charge and ask banality through chart by company .

But from your questions is clear with high chance ,that best for you would not to start any trading with real money ...
 
ssss, be careful - I did not stated, that I have a "international experience", I even admitted somehow, that I do not have it by telling, that I have to search through links from You to learn more.

I've been trying some demo accounts with ODL (metatrader), Oanda, GFT, and some Polish brokers.

If You tend to advise something, then I can try to assume for a moment, that You know, what You are talking about. But when You advise 1:400 leverage I ask myself - does he think, that I can be sure of ANY trade?

When You leverage like this, a very little move against You takes a significant part of Your capital. And easy algebra shows, that if You loose 33%, You have to make 50% from the capital You still have, to "repair" Your account to a state before losses. That is why basic trading books tell You not to risk more than 10% of Your capital in one trade, because If You loose 10% from initial capital, You only have to make 11.1% to repair the account to initial state.

So my question is reasonable and important - if You have 250$ on a 1:400 leveraged account, is it even possible to risk less than 10%, if You take a tight stop loss, let's say of about 10pips?

Do You understand ssss? And if You advise something, I hope You know the answer to my question: is it possible to use minilots with GFT then?

I have the demoaccount with them and their usual leveraging is 1:100. When I spoke to the consultant, She was not eager to change the leverage to make using small lots possible even on demo account. She made it, so I can use lots like 10000$ but if I leverage like 1:400 maybe it will not be possible. If You know the answer, please give to me.
 
forestgril


If You tend to advise something, then I can try to assume for a moment, that You know, what You are talking about. But when You advise 1:400 leverage I ask myself - does he think, that I can be sure of ANY trade?
#########################

1.Author stated that initial margin 1:400 offered ,liquidation
1:1600 .

If you can not use it and can not control your acitivities ,
ask company make for you 1:50

If you can control your activities ,but have not experience with
different broker - trading for mini account 250$ is possible
with mini lot 1:10000 (1 pip = 1$ or approx 0.9 $ for .../JPY) and microlot 1:1000
Not only oanda offer that

Ask company where you wish offer account .Minilot is possible by GFT Micro by FXSOL

Best wish ... Author have not intent to clear to you folloving banality ,you can clear all by live chat with company www side
today . Or /And start demo with real quote ,it is wihtout charge ...

http://www.youtube.com/watch?v=0EXYcG9f3Uo

http://www.youtube.com/watch?v=9QtuDusWUCE&feature=related
 
Dear ssss,

The minimum amount for mini forex account with GFT is 500$. For a beginning, I would rather start with 250$, because I do not know my emotions during real play.

Is there any reasonable other choice besides Oanda for such a small capital?
 
forestgril


The minimum amount for mini forex account with GFT is 500$. For a beginning, I would rather start with 250$, because I do not know my emotions during real play.

Is there any reasonable other choice besides Oanda for such a small capital?
###################

http://www.fxsol.com/getting_started/individual_joint_account.asp
Overview
To open an individual or joint account, you have the choice of using a secure electronic application or printing out and faxing us the FX Solutions Trading Agreement. The electronic application is more convenient for most clients. All applications will be processed within 48 hours. A minimum deposit of $250 is required for a FLEXI contract.

spread is worster as by oanda ,but exist single click version by
downloading platform ,by html version not .Margin 1:400

microlot 1000 and minilot 10000 possible
####################################

http://www.fxcm.com/mini-compare-accounts.jsp

300$ start mini account margin until 1:800 for
GBP/JPY GBP/USD (250$ per lot or 25 $ per 0.1 of standart lot)

only downloading version .Some 6 mb .Spread is better as by FXSOL

##############################

GFT ,FXCM,FXSOL ,OANDA all have more as 20 mln $ capital

OANDA have lowest possible margin 1:50
 
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