Can I transfer my account to another broker?

I have an account with THINKFOREX. I want to transfer it to OANDA. Is there a way to do a broker to broker transfer? Or do I need to withdraw the cash and then deposit it to OANDA?

Hi,

yes you can. Usually you have to fill in form that is provided by your new broker, verify your identity and wait for money transfer.
As far as I know ThinkForex is good reputable broker who won't do any difficulties.

On the other hand why go to Oanda with their lack of MT4 and leverage?

Oanda does have an MT4 offering, but MT4 is falling apart. With every new update more bloat is added and more code is broken.

wlk1 posted:
Oanda does have an MT4 offering, but MT4 is falling apart. With every new update more bloat is added and more code is broken.

Oh common you can still trade via old mt4
What about the leverage?

I was thinking of doing it but I changed my mind now, I did not realize OANDA has low leverage. thanks!

@togr : the unannounced update broke most of my scripts and indicators. Now I'm not sure if the numbers being reported are correct :( I can still trade, just that everything has to be confirmed manually.

@raviluke : By low leverage, I suppose you mean 50:1.