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Oanda Alternative?

  • #1
  • First Post: Jul 5, 2010 9:55am Jul 5, 2010 9:55am
Is there something similar to Oanda but with higher leverage?

This is only for a small account (£1000) for the time being with the possibility of increasing it later on.


Thanks
  • #2
  • Jul 5, 2010 10:05am Jul 5, 2010 10:05am
Quoting Ultimatus
Is there something similar to Oanda but with higher leverage?

This is only for a small account (£1000) for the time being with the possibility of increasing it later on.


Thanks
Not that I am aware of RBS (Royal Bank of Scotland) use the Oanda platform but also carry a maximum of 50:1.

There are plenty of brokers who offer 100:1 but there platforms are different to Oandas (most are far better) however they only offer 1k minimums which isnt as good as the unit by unit offered by Oanda but provided you trade within boundaries it will just more or less mean you need to round your unit size down slightly.

Razor
  • #3
  • Jul 5, 2010 10:12am Jul 5, 2010 10:12am
The units I use in Oanda pretty much remain static at the moment, so I would be fine using 0.1 or 0.2 mini lots on another broker.

Do you have any recommendations?
  • #4
  • Jul 5, 2010 5:31pm Jul 5, 2010 5:31pm
Quoting Ultimatus
The units I use in Oanda pretty much remain static at the moment, so I would be fine using 0.1 or 0.2 mini lots on another broker.

Do you have any recommendations?
I have used GFT in the past and am currently looking at FXCM marketscope. Both are easy to use, offer 100:1 leverage and have substaintial charting packages. GFTs charts are a little bit more in depth in terms of what they contain and there functionality however I have only been using FXCM for about a month now. GFT tends to have some high spreads though while FXCM seems a little better.

That is about all I can say really. I have used Oanda for the past year and while there charting software is basic it does give you all you need apart from the leverage which provided you are trading within reason shouldnt poss too much of an issue.

Razor
  • #5
  • Jul 7, 2010 4:41am Jul 7, 2010 4:41am
Quoting Razor_trader
I have used GFT in the past and am currently looking at FXCM marketscope. Both are easy to use, offer 100:1 leverage and have substaintial charting packages. GFTs charts are a little bit more in depth in terms of what they contain and there functionality however I have only been using FXCM for about a month now. GFT tends to have some high spreads though while FXCM seems a little better.

That is about all I can say really. I have used Oanda for the past year and while there charting software is basic it does give you all you need apart from...
Love your signature quote !! so so true
  • #6
  • Nov 8, 2017 3:55pm Nov 8, 2017 3:55pm
Using Oanda v20, I do not understand how my two TPs of 6 pips each were both by-passed. The candle past my Targets by 14 Pips. Can anyone help me with this? See chart below:
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad-m1-oanda-division1-3.png Size: 58 KB
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #7
  • Nov 12, 2017 3:38am Nov 12, 2017 3:38am
In my opinion brokers like hotforex, fxprimus, octa, xm, lmfx etc can also be shortlisted while comparing and looking for an alternative to oanda.
  • #8
  • Nov 12, 2017 4:03am Nov 12, 2017 4:03am
Exness!
Fast withdraw, high leverage, fixed spread option, Been with them for 5 years now, no problems so far.
  • #9
  • Edited 4:31am Nov 12, 2017 4:10am | Edited 4:31am
Quoting DrForexMD
Using Oanda v20, I do not understand how my two TPs of 6 pips each were both by-passed. The candle past my Targets by 14 Pips. Can anyone help me with this? See chart below: {image}
This is always a problem, when you don't have fixed spread. Broker can say spread increased and that'@s it.
  • #10
  • Edited 3:02pm Nov 12, 2017 5:12am | Edited 3:02pm
Quoting Eagle-Eye
{quote} This is always a problem, when you don't have fixed spread. Broker can say spread increased and that'@s it.
Meta 4 shows average price. The desktop live platform shows the true price. All he had to do was go to Oanda's website, click chat, and he would have received an explanation and realized that there was nothing shady about that trade. Instead, he spammed every thread with the word "Oanda" in it, venting his own frustration instead of taking the time and using the resources available to understand what actually happened

Here is the desktop platform showing the true price:
Attached Image (click to enlarge)
Click to Enlarge Name: ncad.png Size: 55 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #11
  • Last Post: Nov 25, 2017 4:46pm Nov 25, 2017 4:46pm
this broker has an inconvenient narrow leverage. Maybe it makes sense to look at European brokers!
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