I have noticed Oanda volume is quite low compared to other brokers. (http://www.myfxbook.com/forex-broker-volume) I was wondering if anyone did any quantitative analysis with their API to validate this.
Ignored
The number on myfxbook is a joke.
I have seen the volume of global prime higher than the volume of Oanda. Apparently not possible. lol global prime is a bucket shop run by just 2 or 3 guys.
I have noticed Oanda volume is quite low compared to other brokers. (http://www.myfxbook.com/forex-broker-volume) I was wondering if anyone did any quantitative analysis with their API to validate this.
Ignored
Its not a real volume. Myfxbook post tick volume only.
Even if it is tick volume it shows the activity. myfxbook just shows MT4 accounts it does not show the fxtrade platform or api of Oanda's. Maybe that means there aren't many using MT4 on Oanda
I imagine that data only represents for MT4 accounts. Many brokers have their own platform that do not have a bridge to MT4. Those on the low end don't have many MT4 users.
This graph is BS. Interactive Brokers has about $12 bn ADV for 2015. Oanda simply doesnt publish their ADV - they pulled this number out of their ass. And i would be surprised of smalltimers like Hotforex or XM are anywhere near this number. XM bigger than FXCM is a joke.
