SharePosts by one_fx
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I've been trading with oanda since I was a rookie. That was three years ago, but I went broke not because of the broker, but I don;t know how to trade. But now, if anyone wants to open an account with oanda, I recommend it. This is due to its reputation, well funded broker and I think its safe. The problem is you cannot hedge and its NFA broker which always changes the rule. Sometimes the customer service are quite slow but overall, its ok.
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I used this broker somewhere around last year, through a Malaysian IB, he tought me how to trade forex in, but it was CRAP. That was a different story. So here is about FXCM. The Customer service is very friendly and deposit/withdrawal is quite fast. But my problem is the slippage, which for example GBPJPY usually charge me around 5-6 pips, but sometimes it slips me up to 16 pips. How much left do i have to make a profit? My friend even suggest me not to use this broker and im glad Im out, especially under that IB who suggest to trade over leverage.
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When I was a newbie, their customer service was stressing me to open an account with them. Like he was giving me no choice, and kept emailing me to deposit it fast. Its funny because if they really are well funded broker, they would not desperately need my $300 if Im not mistaken. Their platform are more stylish, and it talks which is kinda funny (your deal is confirm). Overall its ok.
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I don't know you, but I like this broker, withdrawals are fast, customer service are good, and very strict to open an account, which is good and spreads sometime are very large. Recommended!
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