Oanda, Go markets, or MB trading | Forex Factory

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Oanda, Go markets, or MB trading

  • #1
  • First Post: Jul 1, 2011 12:22pm Jul 1, 2011 12:22pm
I want to change my current broker, forex.com, because it's spread is high. So i consider which broker i should choice, among three above brokers i recommend to have low spread. But someone can give me a piece of advice, which broker can i trust, oanda, MB trading, or Go markets. Which broker dont hunt your stop loss? which broker can i use scalping trading style?
Many thank!
  • #2
  • Jul 1, 2011 12:26pm Jul 1, 2011 12:26pm
I'm with Oanda, i scalp alot, never noticed they hunt my stops, totally satisfied with them.
Their customer support is great too.
  • #3
  • Jul 1, 2011 12:34pm Jul 1, 2011 12:34pm
Quoting fx111
I'm with Oanda, i scalp alot, never noticed they hunt my stops, totally satisfied with them.
Their customer support is great too.
Thank you, any other experience with 3 broker?
  • #4
  • Jul 1, 2011 2:27pm Jul 1, 2011 2:27pm
Honestly I think you have chosen the 3 best brokers to select from (IMvvHO)

One point I would make about Oanda (this again is personal observation), they move a lot on Sunday before the main markets opens (sometimes!!)
The occasion that comes to mind was a GBPJPY trade which moved 150 pips down before main open then back 30 pips above original close... all trading with a 30pip spread.
I honestly can say I haven't watched a open on Oanda for like 2months + so I can't say whether this is currently a regular occurrence... But during Mon-Fri they are spot on!
Gomarkets are a great Broker imho and so with MBT... so good research
HTH
The winner of the rat race is still a rat.
  • #5
  • Jul 1, 2011 2:30pm Jul 1, 2011 2:30pm
Quoting leo1in88
I want to change my current broker, forex.com, because it's spread is high. So i consider which broker i should choice, among three above brokers i recommend to have low spread. But someone can give me a piece of advice, which broker can i trust, oanda, MB trading, or Go markets. Which broker dont hunt your stop loss? which broker can i use scalping trading style?
Many thank!
MBT all the way.
  • #6
  • Jul 1, 2011 3:55pm Jul 1, 2011 3:55pm
I've traded on and off with MB for quite awhile. They had some problems with their Navigator Platform a few years ago (actually, it was awful) but seem to have things in hand now.

Service is OK, could be better. Sometimes I get the 'broker is always right' attitude but no specific complaints. They ask a lot of questions and such when you download a demo...
  • #7
  • Jul 1, 2011 4:08pm Jul 1, 2011 4:08pm
I would go with MB, Oanda widens the spreads too much too often. And, I find that using their Java platform during active market times sucks - it slows right down so you can hardly place a trade. Also, if you plan on trading Oanda's MT4 using EA's, it doesn't work the same as other MT4 brokers. The following was an explanation given to me due to some of my trades not closing correctly.

"It is known that Oanada overrides robot's command in "Coment" tab and robot will lose the rights to close trades."

I have moved all of my accounts to MBTrading and IBFX, and I have a lot less issues with them.

oo7_ts
  • #8
  • Jul 1, 2011 7:20pm Jul 1, 2011 7:20pm
My $0.02:

I would recommend, easily, above all others (not just those listed here) GO Markets. I have never seen what I would consider a stop hunt, they provide very narrow spreads (usually on EUR/USD, I notice less than a pip) and the customer service is awesome. I've never experienced a problem withdrawing money and it has in fact always been forwarded to me faster than I was promised.

I have traded with Oanda and liked them too so if you choose that broker, I don't think you will feel as though you're being scammed. I don't think Oanada is a bad broker but if I had to choose between then and GO, I would pick GO without even a millisecond of hesitation.
  • #9
  • Jul 3, 2011 3:11pm Jul 3, 2011 3:11pm
I thought I heard go markets were acting funny lately..research them first, I haven't seen anyone recommend them in a while.
  • #10
  • Jul 3, 2011 3:34pm Jul 3, 2011 3:34pm
Gomarkets ! becareful you could get 200 pips spread !! suddenly on a friday close , check Gomarkets thread ...
  • #11
  • Jul 3, 2011 7:16pm Jul 3, 2011 7:16pm
Careful in the shower, you could slip on a bar of soap. I hear it's happened before. That and people have gotten struck by lightening.

Check the thread, read about the problem. It's a good idea but consider what happened and consider why.
  • #12
  • Jul 3, 2011 8:10pm Jul 3, 2011 8:10pm
Quoting oo7_ts
I would go with MB, Oanda widens the spreads too much too often. And, I find that using their Java platform during active market times sucks - it slows right down so you can hardly place a trade. Also, if you plan on trading Oanda's MT4 using EA's, it doesn't work the same as other MT4 brokers. The following was an explanation given to me due to some of my trades not closing correctly.

"It is known that Oanada overrides robot's command in "Coment" tab and robot will lose the rights to close trades."

I have moved all of my accounts...
Oanda widens the spreads too much, too often. Is it truth? and I heard from other threads that can't use robot with oanda?
Personaly question. Is there anyone that use a profit robot?
  • #13
  • Jul 4, 2011 1:26am Jul 4, 2011 1:26am
MBTrading, because there are a lot of negative comments about recent Oanda activity
plus MBTrading pays for limit orders
  • #14
  • Jul 4, 2011 2:55am Jul 4, 2011 2:55am
Quoting Julian_Ass
MBTrading, because there are a lot of negative comments about recent Oanda activity
plus MBTrading pays for limit orders
Exactly
  • #15
  • Last Post: Jul 4, 2011 3:11am Jul 4, 2011 3:11am
Quoting Julian_Ass
MBTrading, because there are a lot of negative comments about recent Oanda activity
plus MBTrading pays for limit orders
what Oanda's recent activity ?! what r u talking about ? they r now regulated by the FSA thats recent news ....
The problem with MB they r not stable , check the horrible stories on MB's thread especially when the yen dropped before few months , ECN my eye , that night Oanda was up normally , Fxcm , Igmarkets ... etc but MB ( ECN !!!! ) was down ?!
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