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Drew Niv out at CEO of FXCM, company to change its name

  • #41
  • Mar 1, 2017 7:52am Mar 1, 2017 7:52am
You know this kind of advertising is never good, particularly for us traders. Read a few posts here, it's mentioned many times.
Quoting hilmy83
{quote} which broker is that? mind sharing?
  • #42
  • Mar 10, 2017 9:58am Mar 10, 2017 9:58am
Quoting hilmy83
{quote} which broker is that? mind sharing?
Hi my Hilmy,
Do you think oanda is better than forex.com?
I am with forex.com right now but I dont really feel comfortable with them.
Did oanda give you a premium spreads or just standard spreads?
I had an account with oanda before.
I live in US also.

Thank you!
  • #43
  • Mar 10, 2017 10:57am Mar 10, 2017 10:57am
Quoting Angelina
{quote} Hi my Hilmy, Do you think oanda is better than forex.com? I am with forex.com right now but I dont really feel comfortable with them. Did oanda give you a premium spreads or just standard spreads? I had an account with oanda before. I live in US also. Thank you!
i've been with oanda since 2006. I never been with other broker so i can't compare it to forex.com

right now oanda offers premium account (need 100k ot start and can't go below 50k for too long). you can choose

rebate (which i did) but normal spreads
commision based but reduced spread

i choose rebate cause i'm getting $2000-3000 deposited into my account a month at current balance based on my average volume(it was $8000 when i was near 150k). in the end, the savings on reduced spread is about the same as rebate as they expalained it, but rather have the cash flow
  • #44
  • Mar 10, 2017 12:08pm Mar 10, 2017 12:08pm
Quoting hilmy83
{quote} i've been with oanda since 2006. I never been with other broker so i can't compare it to forex.com right now oanda offers premium account (need 100k ot start and can't go below 50k for too long). you can choose rebate (which i did) but normal spreads commision based but reduced spread i choose rebate cause i'm getting $2000-3000 deposited into my account a month at current balance based on my average volume(it was $8000 when i was near 150k). in the end, the savings on reduced spread is about the same as rebate as they expalained it, but...

Thank you so much buddy!
  • #45
  • Mar 10, 2017 12:12pm Mar 10, 2017 12:12pm
Quoting hilmy83
{quote} i've been with oanda since 2006. I never been with other broker so i can't compare it to forex.com right now oanda offers premium account (need 100k ot start and can't go below 50k for too long). you can choose rebate (which i did) but normal spreads commision based but reduced spread i choose rebate cause i'm getting $2000-3000 deposited into my account a month at current balance based on my average volume(it was $8000 when i was near 150k). in the end, the savings on reduced spread is about the same as rebate as they expalained it, but...

Hilmy: what are the commission with a premium account, and how much do they rebate?
  • #46
  • Mar 10, 2017 12:33pm Mar 10, 2017 12:33pm
Quoting shrike
{quote} Hilmy: what are the commission with a premium account, and how much do they rebate?
$50 per mil

the rebate is

$5 per mil up to 100mil
$10 up to 200 mil
$15 up to 300 mil
$20 up to 400 mil and beyond...

1 mil = 10 lots
  • #47
  • Edited 7:14pm Mar 10, 2017 12:42pm | Edited 7:14pm
Quoting hilmy83
{quote} $50 per mil the rebate is $5 per mil up to 100mil $10 up to 200 mil $15 up to 300 mil $20 up to 400 mil and beyond... 1 mil = 10 lots
Did they deduct the rebate to your main account Hilmy or need to be open an extra account?
They do not have a customer support number that i can call to ask.
Thank you for the answer again!

Edit: Sorry I did not read your reply carefully! You were cleared it already "$2000-3000 deposited into my account"

Thank you again!
  • #48
  • Mar 10, 2017 12:44pm Mar 10, 2017 12:44pm
Quoting hilmy83
{quote} $50 per mil the rebate is $5 per mil up to 100mil $10 up to 200 mil $15 up to 300 mil $20 up to 400 mil and beyond... 1 mil = 10 lots
Thanks. Looks like you do a lot of volume.
  • #49
  • Mar 11, 2017 8:00am Mar 11, 2017 8:00am
Quoting hilmy83
{quote} i've been with oanda since 2006. I never been with other broker so i can't compare it to forex.com right now oanda offers premium account (need 100k ot start and can't go below 50k for too long). you can choose rebate (which i did) but normal spreads commision based but reduced spread i choose rebate cause i'm getting $2000-3000 deposited into my account a month at current balance based on my average volume(it was $8000 when i was near 150k). in the end, the savings on reduced spread is about the same as rebate as they expalained it, but...
I was with FXCM US for 3 years and just moved to Oanda. I spoke with my Account Rep yesterday who told me they have lowered the Premium Account to $20K to better compete with GAIN/Forex.com They gave me .2 off all spreads however I was not aware of any rebates. $50/Million is not bad. May have to inquire about this
  • #50
  • Last Post: Mar 11, 2017 8:58am Mar 11, 2017 8:58am
Quoting hilmy83
{quote} $50 per mil the rebate is $5 per mil up to 100mil $10 up to 200 mil $15 up to 300 mil $20 up to 400 mil and beyond... 1 mil = 10 lots
Hi Hilmy,
I just want to know that, there are 2 type of the premium accounts:
1 with low spreads plus commission based.
The other is standard speads with rebate and no commission and minimum to start is 100k but can be lower but must be above 50k.
Is that right?

If yes, i will transfer my fundd from forex.com to oanda to open the second one.

Thank you again!
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