fxtrade Desktop is simple and effective, the flexible units method is ideal for small accounts and money management. Learning is helped by a Demo account that is identical to real nad never expires. I have tried a few trading rules sets over the past and when I needed to take a break I could easily get money back between 1 and 3 days, and starting over is even easier.
Been with Oanda since 2004. Trustworthy broker and well-regulated. NFA rules (FIFO, margin requirements, hedging, etc.) are a pain, but this is not Oanda's fault. I would recommend them to anyone, especially US clients.
What's going on? Error while executing the order: there is no price, and in the terminal in the Subject: Trade window Could not be executed due to the absence of new positions authorized to the account (transferred account). For 2 weeks there is no access to the terminal. Online service is not available. What do colleagues say?
I fecently was able to open a new ac with this broker , and am very satisfyed now , they are now able to open ac for Canadian good spread and very good execution ,and I like that we can withdraw to our credit card directly from our ac , deposit same almost instant , so yes am happy to trade with Oanda , plus I know I will get my money back any times no questions ask
I've been trading with Oanda on and off for at least 4 years (I even had a managed account with them for 2 years). I've seen them evolve but they are still not a 'real' broker to me. The reality is they have some type of 'internal' market (i.e. a marker maker). I say that because their spreads bars are regularly off by 1-2 pips (compared to the rest of the 'real' market). Also from time to time you'll notice huge differences between their bars and the 'real' market. I left them after noticing a 20+ pip spike that was on Oanda but not on any other broker. That confirmed to me that they weren't worth trading with.
They have many advantages but in general it's a broker for new traders/novices. If they ever have a true ECN they'd be top 5 for sure though.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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