Hello everybody.
I have just joined FF, but been trading fx for slightly over 2 years now. IMHO, Oanda is not bad. They pay you your money back without any question, which is not always the case elsewhere. Their customer service has significantly improved compared to how it was, say, over a year ago. Cost of trading is on pair with other brokers, although their spreads and swaps used to be better. They used to pay interest on the acccount's balance, too, unfortunately this is no longer the case. I have heard and read stories of gigantic price spikes, with spread widening dramatically during news releases (which is normal), and when there was no events (which is not), but it has never affected me much, as I trade long term. Overall, they are certainly not the worst kid on the block.
I have just joined FF, but been trading fx for slightly over 2 years now. IMHO, Oanda is not bad. They pay you your money back without any question, which is not always the case elsewhere. Their customer service has significantly improved compared to how it was, say, over a year ago. Cost of trading is on pair with other brokers, although their spreads and swaps used to be better. They used to pay interest on the acccount's balance, too, unfortunately this is no longer the case. I have heard and read stories of gigantic price spikes, with spread widening dramatically during news releases (which is normal), and when there was no events (which is not), but it has never affected me much, as I trade long term. Overall, they are certainly not the worst kid on the block.