Hello All
I will be opening my 1st live acct in November. I have been using Oanda Demo for many months. I chose Oanda because the demo has no expiration date. After reading good things about Interbank FX I opened a demo and have been using it alongside Oanda. I noticed in my IBFX mini demo that I am charged 'swap' = 1 pip when I hold the trade open. A search here found the following post by James 16 in an Interbank FX thread:
"some info for everyone trading with them. i opened a mini account with 15,000 and was getting hit for 5 to 7 percent on swaps. they dont give
credits on mini accounts."
Oanda pays a 'credit', but it seems that Interbank charges you regardless if you are using a mini acct. The pip spread is the same on both platforms for EUR/USD
I do like Interbank FX I am beginning to explore the capabilities of M4 and would hate to lose this after the 30 days demo ends. But if I understand another thread, I can just point the M4 to another server?
Question. Which, in your opinion, is best for a new acct. Oanda or mini Interbank FX. I don't want to open a 'standard' IBFX acct as 5K is not in my trading budget just yet.
Thank You.
I will be opening my 1st live acct in November. I have been using Oanda Demo for many months. I chose Oanda because the demo has no expiration date. After reading good things about Interbank FX I opened a demo and have been using it alongside Oanda. I noticed in my IBFX mini demo that I am charged 'swap' = 1 pip when I hold the trade open. A search here found the following post by James 16 in an Interbank FX thread:
"some info for everyone trading with them. i opened a mini account with 15,000 and was getting hit for 5 to 7 percent on swaps. they dont give
credits on mini accounts."
Oanda pays a 'credit', but it seems that Interbank charges you regardless if you are using a mini acct. The pip spread is the same on both platforms for EUR/USD
I do like Interbank FX I am beginning to explore the capabilities of M4 and would hate to lose this after the 30 days demo ends. But if I understand another thread, I can just point the M4 to another server?
Question. Which, in your opinion, is best for a new acct. Oanda or mini Interbank FX. I don't want to open a 'standard' IBFX acct as 5K is not in my trading budget just yet.
Thank You.
In trading, there is no bullshit. You either make money or you don't.