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How to download oanda platform?

  • #1
  • First Post: Aug 25, 2010 3:55am Aug 25, 2010 3:55am
I want to download their platform for demo trades. But I am not finding this in their site.

Also, what is the minimum deposit for oanda?

Can anyone tell me how much is their commission?

As an example, say at this moment, spread for euro/usd is 0.9 pips. if I want to open 1 standard lot (1 pips=$10) how much commission they will charge?

Do they have IB policy? What is the policy of IB?

Help please.
In forex, one currency is always up!
  • #2
  • Aug 25, 2010 4:45am Aug 25, 2010 4:45am
http://fxtrade.oanda.com/support/customer_service
  • #3
  • Aug 25, 2010 5:09am Aug 25, 2010 5:09am
[quote=kidspips;3974884]I want to download their platform for demo trades. But I am not finding this in their site.

https://fxtrade.oanda.com/your_accou...ading_platform
  • #4
  • Aug 25, 2010 5:14am Aug 25, 2010 5:14am
Quoting kidspips
I want to download their platform for demo trades. But I am not finding this in their site.

Also, what is the minimum deposit for oanda?

Can anyone tell me how much is their commission?

As an example, say at this moment, spread for euro/usd is 0.9 pips. if I want to open 1 standard lot (1 pips=$10) how much commission they will charge?

Do they have IB policy? What is the policy of IB?

Help please.

Oanda don't have a minimum deposit. They deal in units, not lots, so you can open a live account with as little as 10usd, or even less. The spread is their commission.

Not sure what IB is, so can't help you there.
  • #5
  • Aug 25, 2010 7:29am Aug 25, 2010 7:29am
Quoting kidspips
Do they have IB policy? What is the policy of IB?
No IBs at Oanda.
  • #6
  • Aug 25, 2010 11:06am Aug 25, 2010 11:06am
I just downloaded their java terminal. Happy with it.

And there is no minimum and commission? Then its really great!
In forex, one currency is always up!
  • #7
  • Aug 25, 2010 7:04pm Aug 25, 2010 7:04pm
Quoting oliverpip
Oanda don't have a minimum deposit. They deal in units, not lots, so you can open a live account with as little as 10usd, or even less. The spread is their commission.

Not sure what IB is, so can't help you there.
Thank you for post. I want to open account with $30usd. Now I know where too go.
  • #8
  • Aug 25, 2010 9:06pm Aug 25, 2010 9:06pm
Quoting Fayloh
Thank you for post. I want to open account with $30usd. Now I know where too go.
I would still trade with a DEMO until you build up some more capital.
  • #9
  • Aug 26, 2010 9:41am Aug 26, 2010 9:41am
hey people, I just sent my document to Oanda, i am wanting to spike/news trade, i understand brokers widen the spreads during this time, what im looking for is a broker who wont requote me on a instant execution, basically the price i click on is the price i get. Do oanda operate like this or will i be getting requotes?
  • #10
  • Aug 26, 2010 10:00am Aug 26, 2010 10:00am
Quoting deankenny
hey people, I just sent my document to Oanda, i am wanting to spike/news trade, i understand brokers widen the spreads during this time, what im looking for is a broker who wont requote me on a instant execution, basically the price i click on is the price i get. Do oanda operate like this or will i be getting requotes?
Well, youve just about picked the WORST broker for what you want to do.

Congrats on your due diligence!
  • #11
  • Aug 26, 2010 10:03am Aug 26, 2010 10:03am
thanks for the reply, i see different opinions everywhere on different brokers its so hard to choose, im with fxopen and i experience on average 5 seconds from click to buy/sell to order being open in my open orders box. causing me to always get requoted during news and missing oppertunites.

I heard oanda had FAST execution and no requotes, and also FXCM also operate a "NO REQUOTES" policy. But in your opnion for instant execution news trading what would be the most reliable and fastest broker with no requotes.
  • #12
  • Last Post: Aug 26, 2010 10:19am Aug 26, 2010 10:19am
Quoting deankenny
I heard oanda had FAST execution and no requotes, and also FXCM also operate a "NO REQUOTES" policy. But in your opnion for instant execution news trading what would be the most reliable and fastest broker with no requotes.
I wouldnt know, news trading is for suckers and the "get rich quick" crowd. You'll be surprised how much more you can make once you really learn how to trade instead of relying on news to make a couple bucks..

One thing you can try is to ping your broker and find out how fast your orders get there. You could try getting a VPS as near to your broker as possible to reduce the time lag.
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