TradeStation vs. Oanda

[gotta_trade]

Hi,

What do you guys think of Oanda compared to TradeStation?


Considering the fact that both are not ecn's, what are the advantages/disadvantages of Oanda and TradeStation when considering:

1) spreads
2) executions
3) interest charges


Thank you,
gotta_trade


__________________
"Happiness has little to do with the circumstances you find yourself in, but rather what your attitude is towards your circumstances."

 

[cabletrader]

Quote from gotta_trade:

Hi,

What do you guys think of Oanda compared to TradeStation?


Considering the fact that both are not ecn's, what are the advantages/disadvantages of Oanda and TradeStation when considering:

1) spreads
2) executions
3) interest charges


Thank you,
gotta_trade


__________________
"Happiness has little to do with the circumstances you find yourself in, but rather what your attitude is towards your circumstances."

I don't know much about TradeStation, in fact I don't know anything about TradeStation but as far as Oanda goes...

1) .9 on Eur/Usd most of the time (see spreads screenshot below), variable and they can widen across data to ~20 on the majors
2) Usually instant with minimal slippage (if any), no partial fills. Option to use 'bounds' to control slippage but I've never used it so I don't know how effective it is!
3) Interest calculated on trades by the second, and interest paid nightly on free equity - no minimum balance requirement

Normally Oanda are pretty good but just lately they've had a few 'problems', check out their forums

If you've got the time then why not download a demo of both and compare?

~

Oanda spreads