I am considering opening with Oanda

I am considering opening a tradin account with Oanda.

* I know and accept that there's a 50x leverage
* I seem to have understood that there's not much service, but that's fine with me, I can manage on my own.

My biggest concern is the liquidity they offer, does anyone know if it is good? It's all well and good to offer "as little as" 0,9 pip on EURUSD, but what if I don't get the fills - then the low pip spread becomes irrelevant.

Does anyone have experience with Oanda? Can it be recommended? Or the contrary... I would appreciate comments of any kind, really...

Also, if you have valid reasons for choosing another broker...

IMHO, Oanda is liquid enough for small and even not-so-small traders. Normally, when someone asks about liquidity is because they are planning to trade a lot of size. I think the question about which broker is the best one for you can be answered only after knowing what trading method you are trying to apply and how much funds/size are you planning to trade. In general, I don't think you'll have a problem with Oanda, but if your provide a bit more info on your expected trade size per clip, it will be a lot easier to make a recommendation.

I have been with Oanda for over three years, over 1 year of tht live, ...liquidity and slippage have never been a problem.

They are good on all accounts........unless u plan on trading news......there they jack up the spreads as high as 25 pips on gbp....

2 more pluses........they pay interest on idle cash in your account and u can close postions on the weekends.....if the world were to come to an end..

regards fxloot

You can trade up to 100 Lots (10M units) without any problems.

Spread widening happens during news, but that's the way almost every market maker acts.

Regards - Xaron

Thank you for your answers!

I wuold actually potentially be trading on non farm-payrolls, probably EURUSD, maybe USDCHF..

If someone is really interested in trading news, which broker might be recommended?

I have some knowledge of FX, but I am just starting out small, I think I am going to fund 500 Euro, so I am just going to play around, I am just getting into it to get some "live experience"....

I suggest you look for other strategies as back ups. The news trading thing is not going to work at Oanda or at another retail shop.