Alpari.co.uk vs Oanda.

Alright, so everything on my end is looking clear. I've gone throughbabypips, read a few books. Researched both brokers, demo'd for 2-3 months with positive accounts and got 1000USD ready to go.

Which broker do i take? I was deadset on Alpari.co.uk thinking it was an awesome broker, is that still the case? The Alpari.uk thread here is always complaining about one thing or another, same deal with Onanda. Is this just personal feelings conflicting with their trading? Is aplari.uk still a decent broker? Or should i switch to Onanda?

If it's just a matter of losing some pips here and there but still gaining overall, I'm fine with that. hey, pips are still pips right? but i don't want to have to deal with brokers that give me sh1t.

So honestly, from the experiences you guys have had, Alpari or Oanda? or better yet, is there some gem of a broker out there that i've never heard of?

Thanks guys.

I have live accounts with both of them. Both are good. Don't care about complainers, you'll find them everywhere.

If you need MT4, go with Alpari, otherwise go with Oanda.

what is your trading style, if no scalping and not using a high leverage (position size<<10x acc size) maybe either is fine.

if scalping suggest not start with 2k$... use their minimal deposit and minimal position size and trade live for at least 1 month... get like >500 orders experienece first.

alpari is 200$ acc / 1k$ position size
oanda is 1$/1$ but maybe 10~100$ acc / 100$ position size for better counting.

you will find that many of the complaints you see are real like requotes for mt4, slippage; disconnection, price quote, news spread problem for oanda.

and if you're fresh to this broker and trading 1 lot and a tiny issue could kill you by missing your price target by 1pip and turn south for 100pips..

if after 1 month you feel you know all their tricks already and you're comfortable to live with, then add your more money to trade.

for scalping I'd still think going to ecn is safer. mbt-f for >1k or intbrk for >10k.

but it does not hurt if you start with a good bucketshop to prove yourself 1st.

Hmmm, you guys bring up good points. i think I'll still go ahead with Alpari.co.uk and see how things go. I'm not much of a scalper, most of my trades last more then 30min i think, unless things go crazy. Anyway, wish me luck. This is my first time going live! Guess i'm finally losing my virginity here, Let's pray it's not to some jerk. =P

I have a live account with Oanda and they're quite ok and slippage exists occasionaly but ussualy small, and it can be in your favour too. Make sure you have a stable and fast connection though because there are occasional problems with that. I don't know of any "news problem" - yes e/u spread can widen from the ussual 0.9 during London and NY sessions up to 10 pips for major releases for a minute or less, but trading news is a bad idea to begin with and I don't believe Alpari or any other legitimate broker will let you do what you want at those times. I'm planning to open a live mt4 account soon, to use some eas I have in mind based on my systems, and Alpari is one of my prime candidates but I have no experience with them. Anyway, simply put even on the 30m timeframe I think a couple of pips+ is still a couple of pips+, so if you have a good connection and only trade live or with basic orders (no eas) I'd go with Oanda and their better spread. If you do need eas or that new "cool" indicator some guy posted, abviously you need an mt4 platform. Another small matter though is Oanda's max leverage of 50 - if you trade several pairs and have many trades open at the same time this could be a problem I suppose (I only do e/u).

I didn't mention it above, but have been reminded of it now so that no one would say I'm biased or something - Oanda has rarely but still has cases when price might spike even sizable distances but the movement isn't real. I've seen it happen just twice so far myself that I'm aware of. This has been discussed here on FF and people, including Xaron who posted here above, said that when they noticed it by comparing a different feed - they contacted Oanda and were refunded. Don't know about other brokers having spikes on rare occasions, but abviously as far as small differences go they can happen with any broker from what I hear.

Cheers

I have been with Oanda a long time and have no complaints. A couple minor problems involving spiking were resolved quickly and efficiently.
Not sure where I read it, but Oanda has the highest capitalization of them all.
(Please verify for yourself).

Also, I eliminated all almost all indicators - James 16/Jacko, and don't need or want them. I just like to keep it simple with Oanda.

Do Oanda has an automated platform like "Systematic" on Alpari UK?