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Oanda spread versus MB Trading spread

  • #21
  • Feb 25, 2010 9:38pm Feb 25, 2010 9:38pm
I like FXCM, they have tight spreads if u put in more than 10k.

Plus they have rebates. So it works out to 0.9pips for the EURO.

Their tight spread is 1.1, then the rebate is 0.11 (10% of the spread). It's not that bad. 0.99pips.

But you have MT4! Better than OANDA poor trading station.
  • #22
  • Feb 26, 2010 1:43am Feb 26, 2010 1:43am
Quoting marcus1rex
yeah but their charting isn't particularly appealing.
thats why i just combo it with mt4 demo account...all i do is execute the trade on oanda i dont really use the charts..

Stace
  • #23
  • Apr 24, 2010 4:57pm Apr 24, 2010 4:57pm
If you add commissions to spread, Oanda has better spreads than MBT, but Oanda is a Market Maker, they live off your loses, that's the reason I prefer MBT, but I'm new in ECN brokers, if I prove that ECN are bucket shops I will return to Market Makers, and within them Oanda is the most reliable.
  • #24
  • Apr 24, 2010 9:36pm Apr 24, 2010 9:36pm
I can't figure out why they offer a 3 hr chart instead of 4- also no weekly or monthly tf's available. other than a couple of questionable entries and the occasional "news spreads" they have been good
  • #25
  • Apr 25, 2010 1:09am Apr 25, 2010 1:09am
Quoting tradedragon
I like FXCM, they have tight spreads if u put in more than 10k.

Plus they have rebates. So it works out to 0.9pips for the EURO.

Their tight spread is 1.1, then the rebate is 0.11 (10% of the spread). It's not that bad. 0.99pips.

But you have MT4! Better than OANDA poor trading station.
Are you referring to their active trader account? I thought that the minimum account size was $25.000.
  • #26
  • Apr 25, 2010 10:17am Apr 25, 2010 10:17am
For your information, FXDD retail Currenex is not a true ECN currenex platform, it is a retail market maker model. I don't see a reason to trade with it over Oanda to be honest even if you scalp, unless you want a bit of a tighter spread on GU or EJ, but its not that much better considering your paying commission, even if you're getting $16 per million with it. Execution on Oanda is great to me and the feed is just as good. You might get a TAD bit better execution on FXDD currenex, but not worth the commission.

A true ECN currenex platform on the other hand is a different story. Minimum accounts are over 20k for that though.

I'm not sure on this, but I think MBTrading is actually a legit ECN, but there commission is way to high still so I haven't even bothered looking into it.
  • #27
  • Apr 25, 2010 10:29am Apr 25, 2010 10:29am
Quoting Monroe
For your information, FXDD retail Currenex is not a true ECN currenex platform, it is a retail market maker model. I don't see a reason to trade with it over Oanda to be honest even if you scalp, unless you want a bit of a tighter spread on GU or EJ, but its not that much better considering your paying commission, even if you're getting $16 per million with it. Execution on Oanda is great to me and the feed is just as good. You might get a TAD bit better execution on FXDD currenex, but not worth the commission.

A true ECN currenex platform on the...
Did you know MB lowered their commission rate?
  • #28
  • Last Post: Apr 25, 2010 10:44am Apr 25, 2010 10:44am
Yes, but it is still way to high... $2.95 per 100k is too much. I need under $2 per 100k, since I scalp.
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