sandy it is true what they say here.
I have seen screenshots of a platform doing stuff it is never suppose to. Like giving an error when wanting to exit profitable position. they are even on ELITEtrader forum! :eek:
we often talk bucketshops like FXCM, How about a real good FX broker for a change
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sandy it is true what they say here.
I have seen screenshots of a platform doing stuff it is never suppose to. Like giving an error when wanting to exit profitable position. they are even on ELITEtrader forum! :eek:
The only complaints Iâve been hearing is that theyâre a scam and will steal your money and blah blah. But nobody gives any proof or examples. Assumably they are talking about stop hunting, widening spreads, system outages etc. All of which nobody has given any examples. Like I said before, the day they screw me, will be the day they lose my business.
I have never gotten an error message while placing a trade except when it was in the scalping range, which is annoying sometimes. Please post your screen shots, Iâd be interested to see them. If I had a video camera, Iâd record some live trades. When I click a price, I get that price, otherwise I wouldnât do business with them. Please just offer some proof and we can settle this.
I have bought and sold within 1-2 pips of swing lows and highs all the time. Also, their API is free and works pretty good. They have a forum section on their website and most of the time, the moderators answer questions on code.
Right, in that case it's an odd choice of platform for an institution like RBS and ABN AMRO to offer up to retail traders, buggy java with poor charting. The only reason most people stay with Oanda is for the displayed tight spreads, without that what else do they have?
In regards to the stop hunting that some people are fearful of from bucketshops....
Its the big banks and hedge funds that usually do that, I have a friend who used to trade for Barclays at their Australian branch who told me this.
He also said some of the big bucket shops like FXCM have their own traders that stop hunt as well...the question is whether they get special access to customer trade order flow info....I wouldnt be surprised if they did....easy for them to cover that up.
Its the big banks and hedge funds that usually do that, I have a friend who used to trade for Barclays at their Australian branch who told me this.
He also said some of the big bucket shops like FXCM have their own traders that stop hunt as well...the question is whether they get special access to customer trade order flow info....I wouldnt be surprised if they did....easy for them to cover that up.
Well yes, in the majority, but there are still some valid complaints.
You're comparing quotes from Gain Capital, they've got enough complaints of their own!
If you want examples of some FXCM complaints then have a search on the forums (including this one), you'll find plenty to choose from.
If they suit you, and they're doing what you want then who can find fault. I used to get the same criticism about trading with Oanda, mind you I've posted a few complaints about them myself, with videos and screenshots
Really, a pizza driver! Gee, he should be in the circus 'cos that's a neat trick!
I know a few more (wtf - you are supposed to be the oanda fanboy not me):
The pay relatively fair rolls compared to the direct competition. They do pay interest on unused funds - many don't do this at all. Easy electronic multi-ccy/subaccount management.
They are more transparent than most other marketmakers in the sense that they publish all quoted prices on FxTicks and FxCompare. It would be easy to check if there would be any 'individual pricing' going on and can easily be compared to competitors quotes.
The main reason i am staying is that whenever they screwed up by publishing a offmarket quote/spike (which happens way to often tho) they fixed it without any fight, most of the time without intervention on my part. I have tried that with IB in the past - after that experience i think that counts a lot.
But yes, platform/connectivity did degenerate over the years. Used to be rock solid 2 years ago.
lol, you realize you're the new Oanda shill, I've done my tme
I've had no end of problems lately, mainly to do with quotes and fills, and FXManager, and connection, and slippage.....hang on, there's not a lot left to go wrong!