A side note for anyone who is interested. I have closed all my accounts and I am in the process of moving everything to MB Trading. I took the EXN and commission route and I will be trading everything with them. I plan to trade in the one thousand dollar model account and use an auto trading EA to mirror the trades in my real accounts. I decided to do this after some careful consideration and with more than a little trepidation. Oanda has had my business with my test account for years and I traded there in the beginning as I was building my regular account. Lately, though they have gotten out of hand with their spreads so there was no chance I was going to use them for my normal account.
MB supports MT4 and I need that to adequately mirror my trades. I was looking into doing it with Tradestation but it is very complicated and I am concerned about reliability. I have been watching the spreads with MB for a few weeks and they are consistently about 1/2 of the spread with Oanda at the same times. I will report if that changes but for now this is my decision. I do not have access to many of the best brokers for spread because of my citizenship but maybe I get back some safety in return.
I am not past the point of no return so any input from US citizens who have found better please chime in. I know about Interactive brokers but they keep your funds in the base currency of your wins so you have too much exchange risk with them. I love ninja trader but not enough to go with IB.
MB supports MT4 and I need that to adequately mirror my trades. I was looking into doing it with Tradestation but it is very complicated and I am concerned about reliability. I have been watching the spreads with MB for a few weeks and they are consistently about 1/2 of the spread with Oanda at the same times. I will report if that changes but for now this is my decision. I do not have access to many of the best brokers for spread because of my citizenship but maybe I get back some safety in return.
I am not past the point of no return so any input from US citizens who have found better please chime in. I know about Interactive brokers but they keep your funds in the base currency of your wins so you have too much exchange risk with them. I love ninja trader but not enough to go with IB.