Forex.com vs oanda reddit.

If you really do want to maintain your hold on both long and short positions, you can always open a sub-account. This might not work for you depending on what you're trying to do. 3. [deleted] • 5 yr. ago. likebike2. • 5 yr. ago. Yes, Oanda is …Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ... I'm currently using OandA for my demo account, didn't like Forex.com much at all, and just had the thought of checking out Thinkorswim by TD Ameritrade.Oanda offers the following two pricing models: A. Wider spreads with no commission B. Narrower spreads with commission I couldn't figure out which of these account types works out best over time.Aug 29, 2023 · Based on our research on the regulatory status of over 60 brokers, we've found that IG holds 8 global Tier-1 licenses, while FOREX.com holds 7. IG holds 2 global Tier-2 licenses, while FOREX.com holds 1. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've ...

Forex.com offers a spread as low as 0.8 pips in the EUR/USD, but the average is 1.1 pips. Oanda provides a more competitively priced trading environment; the EUR/USD carries a minimum spread of 0.6 pips. It is repeated across assets, but the Forex.com DMA account grants traders access to raw spreads for a commission, which is reduced based on ...

Aug 29, 2023 · Based on our research on the regulatory status of over 60 brokers, we've found that IG holds 8 global Tier-1 licenses, while FOREX.com holds 7. IG holds 2 global Tier-2 licenses, while FOREX.com holds 1. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've ... In the past I've had zero issues making withdrawals with my debit card but in the last week I can see the funds immediately withdrawn from my oanda account but credited back a few days later. Oanda said its an issue with my debit card but I called my bank and they said there's no restrictions or holds on the card.

OANDA Review. Written by Steven Hatzakis. Edited by John Bringans. Fact-checked by Blain Reinkensmeyer. November 22, 2023. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider …I have traded with both and my answer will vary depending on how you trade. Oanda's stated costs are cheaper overall but the spreads can go crazy wide during news or at times, it seems, for no reason at all. I have traded with them off and on for years and every time I go with them I get reminded quickly why I left. It doesn't sound like Oanda is the problem. You can't call yourself a trader if you don't trade. The inactivity fee is clearly stated in their terms several times. I use Oanda everyday, and get amazing results, I would even say they're one of the top brokers in the world. I get anywhere from 5-12% ROI daily using Oanda.you should be able to link this to your trading view account through the settings and then trade using the trading view platform. Yeah but I think the problem is that accounts under the Global Market division of Oanda can’t do that. We’re limited to trading with MT4 and 5. May 9, 2022 · Updated. May 2022. Even though both Oanda and IG are forex/CFD brokerage giants, IG provides more of a premium service experience. While they are very similar in most categories, IG has a broader selection of products (including ETFs and real stocks. IG’s trading platforms are superior even when compared to Oanda’s well-built platforms.

Forex and CFD traders will find plenty to like at OANDA, including strong market research and support for a range of third-party plug-ins and platforms (like MetaTrader 4 and the wildly popular TradingView). The OANDA Trade platform is available for web, desktop, and mobile.

If you really do want to maintain your hold on both long and short positions, you can always open a sub-account. This might not work for you depending on what you're trying to do. 3. [deleted] • 5 yr. ago. likebike2. • 5 yr. ago. Yes, Oanda is …

Oct 22, 2023 · FOREX.com offers 84 currency pairs but OANDA only offers 70+ pairs. You clearly have more currency pairs to choose from with FOREX.com. This gives you more options when trading. Aside from currency pairs, FOREX.com also offers other trading assets such as CFDs, commodities, metals, stocks, and cryptocurrencies. Depends on when you buy/sell. For example buying eurusd pair at 5pm eastern time my spreads are like 5 bps but when the London/US markets are open 2-8am eastern the spread is under 2 bps. I still prefer spread over commission. The spreads vary based on how busy the market is and the time of day. Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.So it comes as no surprise that their internal handling of it might not be perfect yet. Don't get your hopes up elsewhere. Even at IB I've seen pretty patchy responses to some of their more imminently imposed regulations. I'm fairly certain that they're still misrepresenting their advertised margins online ATM. These are really lean operations.Canadian checking in. FX brokers are incredibly limited to Canadians because of newish rules that were introduced by Canadian securities regulators. In order for a Canadian citizen to use a financial services provider, that provider must be licensed to operate within Canada AND maintain a physical office within Canada.

Forex Brokers that accept US clients. As many know, few Forex brokers are currently allowed to offer their services to clients in the United States. Due to the strict regulations that the financial regulatory authorities of that country have, most of the brokers that offer their services to operate in the foreign exchange market to clients from ... Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.Oanda changed my demo account server. Rants. I had been using this particular demo account for the last 2 weeks or so. Been practicing my new strategy successfully on indices. I was previously on the Practice 4 server which which was perfect. Fast forward today, I get an email from Oanda saying they've moved me to a Practice 2 server.Forex.com offers a spread as low as 0.8 pips in the EUR/USD, but the average is 1.1 pips. Oanda provides a more competitively priced trading environment; the EUR/USD carries a minimum spread of 0.6 pips. It is repeated across assets, but the Forex.com DMA account grants traders access to raw spreads for a commission, which is reduced based on ...Aug 29, 2023 · Based on our research on the regulatory status of over 60 brokers, we've found that FOREX.com holds 7 global Tier-1 licenses, while FXCM holds 4. FXCM holds 2 global Tier-2 licenses, while FOREX.com holds 1. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've ... IG vs OANDA 2023 Written by ForexBrokers.com August 29, 2023 Is IG better than OANDA? In our analysis of 23 international regulators across 62 of the best …

Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to say, there’s a subreddit for virtually every topic — or you ...From what I've heard IG is still relatively new to the American market, but they sound very promising with their low spreads and high amount of trust globally. I don't have a ton of experience with Oanda, but do hear mostly good things. I opened an IG US account when opened shop in the US, and have since moved my deposits over to them.

Oanda is Gone. Oanda has migrated their clients in European to Oanda TMS, now their clients can not use v20 api and oanda trade platform. In the Oanda TMS, they only support MT5 now. Pretty sad, I get used to their API tho. After migration to Oanda TMS, I also realized that an API interface is not available for retail trader anymore. All my ... OANDA or IG for totally new trader? Hello, i plan to stick with a broker for a long time, from demo to live account later on. Any review or experience regarding spread, deposit/withdrawal process, etc, for these brokers are greatly appreciated. In the past I've had zero issues making withdrawals with my debit card but in the last week I can see the funds immediately withdrawn from my oanda account but credited back a few days later. Oanda said its an issue with my debit card but I called my bank and they said there's no restrictions or holds on the card.Forex Trading. Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k. OANDA offers 68 currency pairs, which is above the industry average.They are not known for forex like Oanda or CMC markets, or forex.com are. But sure, I guess they are an option for you. I used to be on Questrade. Questrade was awful. Too many hidden fees, and charges. Bad customer support. Although strangely they had good customer service when I decided to close my account.Aug 29, 2023 · August 29, 2023. Is OANDA better than BlackBull Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, OANDA is considered Highly Trusted, with an overall Trust Score of 93 out of 99. BlackBull Markets is considered Average Risk, with an overall Trust Score of 77 out of 99. Learn more about Trust Score. FOREX.com offers 84 currency pairs but OANDA only offers 70+ pairs. You clearly have more currency pairs to choose from with FOREX.com. This gives you more options when trading. Aside from currency pairs, FOREX.com also offers other trading assets such as CFDs, commodities, metals, stocks, and cryptocurrencies.Aug 29, 2023 · OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. If you are interested in trading CFDs, IC Markets offers traders access to 3583 CFDs, while OANDA offers access to 1744 CFDs; so IC Markets offers 1839 more CFDs than OANDA. Calculation: Fee adjusted exchange rate to convert GBP to USD = 1.2954 x (1 - 0.5%) = 1.288923. The 100 GBP profit on the trade will result in a credit to a client’s account when it is denominated in USD of: 1.288923 X 100 = 128.89 USD. This is 0.64 USD less than using the straight exchange rate and represents the cost of trading in GBP when ...arber321 • 4 days ago. Neither, I have used oanda and forex.com and they both steal all your money, they charge me daily 50 dollars for holding usd/jpy, 200 dollars for holding usd/try. 1. JoaDeLafayette • 4 days ago. Wow is that because you are trading with large size?

Warning: massive hidden costs using CMC Markets for US stock trading. Investing. TLDR; CMC seems opaque about its FX charges and evasive when asked. They don’t have USD currency accounts, and trading between US stocks results in a 1.2% fee. (ie 2 x 0.6% exchange rate spread, one for the sale of the first US stock with funds converting back to ...

It entirely depends upon your trading strategy and preferences. Oanda provides good execution and doesn't require any minimum deposit for personal accounts while FXCM lays down a minimum deposit requirement of $50. All withdrawals are also processed by Oanda within 1 day while FXCM takes 3-4 working days. Both are solid.

I calculated average spreads on Oanda over time a while back, you guys might find it useful. Average spread for Fri, 05 Dec 2014 00:00:00 -0500 to Sat, 05 Dec 2015 00:00:00 -0500 on S5 AUD/CAD Avg 3.01 pips for 3508733 candles AUD/JPY Avg 2.49 pips for 2739545 candles AUD/USD Avg 1.86 pips for 1608576 candles CAD/JPY Avg 2.64 pips for …Updated. May 2022. Even though both Oanda and IG are forex/CFD brokerage giants, IG provides more of a premium service experience. While they are very similar in most categories, IG has a broader selection of products (including ETFs and real stocks. IG’s trading platforms are superior even when compared to Oanda’s well-built platforms.FXCM and Oanda are two prominent forex brokers who have been in the online trading business for many years. Oanda’s first data feed went live in 1997, while FXCM was founded shortly thereafter in 1999. In this FXCM …finance_student • 2 yr. ago. Oanda is fine. I've used them quite a bit over the years and they've always been fair about customer service issues. Not trading with them now because their spreads are a bit less competitive these days compared to other options. For reference, we have a wiki page about the Canadian regulatory environment and ...There’s also the library of community tools for you to use. TradingView works on mobile. You can post and read other’s trade ideas. You can chart comparisons to instruments not related to currencies. TradingView actually gets updated where Oanda does not. Anyone who has tried it wouldn’t be asking this question. Based on our research on the regulatory status of over 60 brokers, we've found that FOREX.com holds 7 global Tier-1 licenses, while FXCM holds 4. FXCM holds 2 global Tier-2 licenses, while FOREX.com holds 1. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've ...Contributor, Benzinga. June 16, 2023. Review IG vs. OANDA to make the best decision for your trading strategy! Two very popular brokerage firms are IG Markets and OANDA. Both these brokerages have ...341K subscribers in the Forex community. Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas…

Oanda is regulated, even in the US. They are also one of the biggest brokers (top 5) dealing several billions of USD in daily transactions. If they were found to be participating in …May 2022. Oanda ranks better in most key areas than FXCM apart from education (but FXCM's advantage is rather slight here). Oanda's proprietary trading platform, fairer fees, and top-notch research tools are very stong arguments in its favor. When it comes to account opening and product selection, the two brokers have the same quality of service. Calculation: Fee adjusted exchange rate to convert GBP to USD = 1.2954 x (1 - 0.5%) = 1.288923. The 100 GBP profit on the trade will result in a credit to a client’s account when it is denominated in USD of: 1.288923 X 100 = 128.89 USD. This is 0.64 USD less than using the straight exchange rate and represents the cost of trading in GBP when ...Instagram:https://instagram. metal buyvalue of a 2009 pennyjepq dividend declaredugi corporation And they offer an app if you don't like either. They have a couple of trader options; one for beginner, another for professional with lower spreads. I wish I could trade more things like metals and crypto, but it is called "Forex.com". I left them and went with OANDA. smaller spreads. both customer service sux tho. ukraine graftbiolinerx FXCM but I wouldn’t be using the seconds timeframe tbh. 1 minute and higher is all you need. I use TV with mt4 & I go based off OANDA charts. They are the most identical. However I just realized you are trying to look at the seconds tf & I would never do that to myself lmao.Oct 26, 2023 · In terms of funding your initial account, Oanda requires no minimum while Forex.com requires a minimum of $50 to get started with a live trading account. Both platforms offer a free demo account. Both platforms allow account funding via bank wire and credit or debit card, but only Forex.com offers PayPal. penny stocks with high dividends NinjaTrader falsely claims to be the world’s leading futures, Forex, stock, and CFD markets chart provider. Despite its relatively small “fan base,” NinjaTrader is the leader in independent trading platform development. It confirms the dominance of either MT4 or proprietary trading solutions by well-established brokers.Oanda can. Spreads aren't the best though. It depends if that is a big deal for you and if you scalp or day trade or swing trade. Oanda - as stated in the other comment reply. I use CMC Markets' NextGen platform solely for execution. Tradingview for actually chart analysis.I tested Oanda a while back. I think the java based platform wouldn't work so well for me. Seems a little resource needy. I'm using forex.com & MT4. I dislike their in-house forextraderpro platform - zoom and a few other things, but I could probably live with it. MT4 is just more simple, fast enough, and stable.