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Oanda vs. MBT FREE EXN

Quoting trash
Well it seems the table picture has been formatted by FXFactory. Here is an external link. Click on the picture to enlarge
http://img713.imageshack.us/img713/6428/spreadtable.png
It always pleases me to see people do their own hard analysis.
FXGears.com
Quoting trash
Well it seems the table picture has been formatted by FXFactory. Here is an external link. Click on the picture to enlarge
http://img713.imageshack.us/img713/6428/spreadtable.png

63% of time the spread was lower or equal 1.2 pips
That is very useful statistical information and one of the reasons that Oanda was in my final two. But you realize that MB is blowing that spread out of the water by 30% consistently? This wasn't the point of my post. I was asking if anyone that put big money with either broker suddenly "experienced" issues.
Whats the 100 pip spread outlier about..
Quoting fxreporter
That is very useful statistical information and one of the reasons that Oanda was in my final two. But you realize that MB is blowing that spread out of the water by 30% consistently? This wasn't the point of my post. I was asking if anyone that put big money with either broker suddenly "experienced" issues.
MBT has slower executions and higher slippage. So there their minor spread advantage drops away. I've been with Oanda for around six years and am not trading mini/micro lot either. Their executions are very good overall. Platform is rock solid on my end. There was one platform issue caused by the major platform update 2 or 3 years ago where I had problems with it for 2 days. But it has been fine since then. That being said I also have an account at MB. But it's just a backup one.
  • Post #25
  • Quote
  • Edited 7:00am Feb 18, 2012 5:55am | Edited 7:00am
Quoting shrike
Whats the 100 pip spread outlier about..
If you are referring to the table and to the 100 figure at the very bottom. That's not pips that's percent! What does the header say? And what happens if you sum up all figures below of the header in column frequency(%)? You high probably will get 100% and not 100 pip, right. If you are referring to the x-axis of the graph. Spread = (figures of x-axis) / 10. So it's not 100 pips either but rather 100/10 = 10 pips on one spread chart occasion. And its frequency was 0.34%.
The spread occurrence of 15 pips and its frequency 0.015% was not at major market hour. It occurred on one occasion in march 2011 at around 21:00 GMT. I don't remember anymore what's caused but either it was fukushima or some after hour US event. Greece could be possible too.
  • Post #27
  • Quote
  • Edited 10:19am Feb 18, 2012 6:13am | Edited 10:19am
Yeah I think it was because of fukushima http://enformable.com/2012/01/march-...ger-be-intact/

EDIT: My guess was right. It was the same day as the one of that Fukushima incident.

EDIT2: One small correction. There was another occasion having 15 pips spread. Fuckushima day had 1169 ticks at 15 pips. Another day was in August having 718 ticks at 15 pips at 18th hour of the day (GMT). http://img39.imageshack.us/img39/5756/15pipsaugust.png So overall two occasions in 2011
Attached Image (click to enlarge)
Click to Enlarge Name: Fuku spread.png Size: 6 KB
Last but not least. Another EURUSD table. This time durations of news spreads higher or equal 10 pips in 2011 (Jan - Oct). News times are of CET (Central European Time). Intra-day period 08:00 - 18:00 CET.

https://docs.google.com/spreadsheet/...vekFWRnc#gid=0

Enough facts
I hate to go against reputable forum members as a rookie, but Oanda is definately a market maker and MBT is definately not. I have read both of their disclaimers and ToS and MBT states they have no "conflict of interest" and take every possible precaution to make sure none of their employees have any aswell, if they fail in this regard you can recieve a refund of the money you lost because of it. Oanda trades the market themselves (conflict of interest) and they can use information about your SLs/TPs to give them an edge. You have no rights whatsoever when they do this because when trading on their platform you agree that you know Oanda does this and allow them to. I used to practice on Oanda's demo, but switched to MBT exactly because of this reason. MBT is 10x more annoying with shitty position opening and buggy crap in general, but I'd rather deal with that then always have to wonder if it was the broker when my stops get hit in crazy situations (and lol no I'm not worried about losing demo money, but it's better to demo on the same broker that I'm planning to go live on because otherwise I might make silly mistakes such as incorrect lots or whatever).

I'm not stating "omg Oanda will hunt ur stops and kill ur acc rofl they are skammers omfg". I'm just stating that you have no rights if they do decide to fuck you over.

I'm also not being the "pissed off because he lost money newbie" here. I have only demo traded on Oanda and I have never lost a dime on there, if you don't believe me then read the ToS and disclaimer yourself (I think they even state it in their e-mails).
My experience with oanda has been so so thus far. Trading through the metatrader port can take a little while to get stop orders accepted. Slippage hasn't been a problem. Never experienced any sort of "the all feared stop hunting" LOL. Nothing like that it just takes a little while to get things the way you like it.

If you want better service pay for it. I get 1.2 spread just about all day every day on EUR/USD. Not that it really matters because I'm not a scalper. For now Oanda is fine till I build the account higher then it would probably be better to go with a broker that has instant or almost instant executions.

MBT has clearly stated on their website the average spread for EUR/USD is 3.5 pips. I'll take 1.2 over 3.5 any day. http://www.mbtrading.com/freeEXN.aspx

The only way to know exactly how well a broker suits you is to try em out. If you want the security of fixed spreads expect to pay a little more in spread.
Quoting johnny2pips
MBT has clearly stated on their website the average spread for EUR/USD is 3.5 pips. I'll take 1.2 over 3.5 any day. http://www.mbtrading.com/freeEXN.aspx
Congratulations....you are now in the lead for the most ridiculous statement of the month.
Quoting trash
MBT has slower executions and higher slippage.
Quoting fxreporter
MBT has had faster executions and tighter spreads.
So execution varies and MBT's slippage offsets their spreads. Which has more platform issues?
Quoting johnny2pips
MBT has clearly stated on their website the average spread for EUR/USD is 3.5 pips. I'll take 1.2 over 3.5 any day. http://www.mbtrading.com/freeEXN.aspx

The only way to know exactly how well a broker suits you is to try em out. If you want the security of fixed spreads expect to pay a little more in spread.
LOL. Um, the third party comparison that MBT uses on their website on the page you referenced has them at 0.8 for EURUSD. So I think some might take 0.8 versus 1.2. Not sure what 3.5 has to do with anything.
see what funny things they do to my account when it reaches 1 million
I have past history of statements to justify what i say.
awesome! Great comparison I am new in Forex and learn lots of information here. Great Forum
I have tried both out. Oanda has a easier to use website and initial start up process, but I have found their support to be quite rude as if I should already be an expert on metatrader. Trading with them was fine but I just do not like to call them up.

Mb trading was very very confusing to actually get started, and I almost walked away. I called support and got a metatrader rep on the phone who was very helpful and walked me through the process. He also pointed out all the tutorials Mb trading has available on youtube which were a HUGE help. And if that wasn't enough they signed me up for live webinar that night which was great. The support at Mb trading really went out of their way to help me and thats why I chose them.

My trading experience has been okay, I'm not a big trader so I get good fills where and when I want them. I don't like it when the trading goes down at 5 oclock everyday at Mb trading. But I'm happy with my account and whenever I call them up they answer the phone and treat me like Joe down the street and I like that.
Quoting zznbrm
We have a new leader in the clubhouse for the most ridiculous statement of the month. I think this one might be the winner. Although the one about 3.5 pips average EU spread is strong competition.

Ok, HermanGoring...you obviously like to make bold statements. You say there is at least 200 FF users who are paid to promote MBT. Let's see if you can give us the names of 20 of them. That should be easy enough.

And I'd just like to say that if I'm on the list, I'm really pissed because I have not seen any payments for my "efforts". HermanGoring,...
LOL. Looks like HermanGoring's posts all got erased. Guess that kinda steps on his point which was, as far as I can tel, that all of FF boards are hundreds of people paid to like MBT and the fact that no one likes Oanda is because they don't stoop to such games. What nonsense. Maybe Oanda should tighten their spreads instead.
Quoting eu_trader
see what funny things they do to my account when it reaches 1 million
I don't have a million dollar account, but I've seen funny things happen with lots of brokers. Not sure you need that much to see it.
Quoting IndyTrader
LOL. Um, the third party comparison that MBT uses on their website on the page you referenced has them at 0.8 for EURUSD. So I think some might take 0.8 versus 1.2. Not sure what 3.5 has to do with anything.
I saw the 3.5 he was talking about but it was most likely due to it being over the weekend, once mb trading was back open Sunday night it was back around the 0.8 level you stated.
Quoting grooler
I saw the 3.5 he was talking about but it was most likely due to it being over the weekend, once mb trading was back open Sunday night it was back around the 0.8 level you stated.

Yeah, I've learned to ignore the trolls. MB quotes during the market are great.
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