Forex.com vs oanda reddit.

I'm still making a positive passive income with Galileo FX, in fact my results have grown a lot to around $11,000 per month. For those asking about what settings I am using, check the Settings provided after Purchase. -------. I first purchased the Galileo FX Plus (the personal was too small for me as I actively trade 6 currency pairs) version ...Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to say, there’s a subreddit for virtually every topic — or you ...I have traded with both and my answer will vary depending on how you trade. Oanda's stated costs are cheaper overall but the spreads can go crazy wide during news or at times, it seems, for no reason at all. I have traded with them off and on for years and every time I go with them I get reminded quickly why I left.Is OANDA legit or a scam？ OANDA is a legitimate forex broker that has been in operation for more than 20 years and is regulated by reputable financial authorities, such as the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, and the Australian Securities and Investments Commission (ASIC).

Just wanted some feedback from recent traders on OANDA since I assume the platform has changed significantly over the last 5 years. I know they are under the regulatory environment in Canada so I don't see any major issues. Any feedback on latency, spreads, money in/out, practice accounts, reliability, customer service, etc. would be helpful.Real-time spreads for 28 most active Forex pairs recorded from TOS live trading account. I am currently using Coinexx and Oanda. I have noticed that on an average Coinexx spreads on EURUSD ranges between 0.0pips -0.2 pips, USDJPY 0.2 – 0.3 pips and GBPJPY 0.3 - 0.5 pips and on an average Oanda spreads on EURUSD ranges between 1.0pips -1.5 ...

With Oanda you can still close orders in whatever order you wish so long as the traunch sizes are different. It's a pain but you will need to enter orders like so Traunch #1: 10,001 units. Traunch #2: 10,002 units. Mathematically, closing an existing position is the same as opening an opposite position.

August 29, 2023. Is IG better than OANDA? In our analysis of 23 international regulators across 62 of the best forex brokers, IG is considered Highly Trusted, with an overall Trust Score of 99 out of 99. OANDA is considered Highly Trusted, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.1. You have a decent account size. Earlier, I mentioned that if you have a $1000 account, it doesn’t make sense to subscribe to TradingView because you need to generate a return of 12%/year to breakeven. But, if your account is larger (let’s say $5000), then it makes sense since you only need 2.4%/year to breakeven. 2.It doesn't sound like Oanda is the problem. You can't call yourself a trader if you don't trade. The inactivity fee is clearly stated in their terms several times. I use Oanda everyday, …This is absolute normal behavior during 5pm and 6pm EST. Spreads widen and cause stops to be hit or slipped if they were too tight. Stop blaming Oanda, you were meant to do your research and figure out what spread hours are. Oanda offers you a chart of historical spreads were you can view what the spread is going to be at any time of day.

Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.

Our research revealed that OANDA claims a median execution speed of 12 ms, utilising their low-latency proprietary trading engine, “V20”. IG, on the other hand, has a published execution speed of 15 ms with a 97.93% fill rate, executing 100% of trades in under a second.

Avoid Hankotrade at all cost. Brokers. I opened a demo account on Hankotrade yesterday and today I noticed manipulated MT4 chart in the 1 minute timeframe. The first chart is from Hankotrade .. look at all those green candles.. The one below is from LQDFx ..Even a toddler will know that the Hankotrade chart is cooked.Trading Platforms Research Tools Mobile App Security and Regulation Educational Tools Customer Service OANDA and FOREX.com are strong options for a …There’s also the library of community tools for you to use. TradingView works on mobile. You can post and read other’s trade ideas. You can chart comparisons to instruments not related to currencies. TradingView actually gets updated where Oanda does not. Anyone who has tried it wouldn’t be asking this question. Forex.com offers a spread as low as 0.8 pips in the EUR/USD, but the average is 1.1 pips. Oanda provides a more competitively priced trading environment; the EUR/USD carries a minimum spread of 0.6 pips. It is repeated across assets, but the Forex.com DMA account grants traders access to raw spreads for a commission, which is reduced based on ... Up to 500:1 leverage for Canadians on Forex, Metals, Crypto, Index, and Share CFDs. Platforms: MetaTrader 4 Desktop, MetaTrader 5 Desktop, WebTrader, and MT4 / MT5t Mobile (iPhone/Android) Much lower average spreads (0.0-0.2 average EUR/USD on Prime Account) compared to Canadian "onshore" brokers.FXCM has more gaps and Oanda has less. Not a big difference so it's up to you. I personally keep all the pairs from each feed in two seperate lists and I keep one for my main analysis and one for anything I'm experimenting with or if I want to mark up a prediction someone made. The_Sh3r1ff. • 3 yr. ago. Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to say, there’s a subreddit for virtually every topic — or you ...

Apr 25, 2023 · Overall Winner: FOREX.com. Overall, FOREX.com has slightly better dealing spreads, more currency pairs and an ECN account type, while Oanda is a market maker with no ECN option. You can also use ... Forex.com vs oanda. I just started trading and got a FOREX.com account, but TradingView doesn’t show any volume for that brokerage. Should I just make the switch to oanda (or another broker if there’s a better one out there?) Oanda is regulated, even in the US. They are also one of the biggest brokers (top 5) dealing several billions of USD in daily transactions. If they were found to be participating in anything questionable, they'd be utterly destroyed by the US regulatory bodies. Forex.com offers a spread as low as 0.8 pips in the EUR/USD, but the average is 1.1 pips. Oanda provides a more competitively priced trading environment; the EUR/USD carries a minimum spread of 0.6 pips. It is repeated across assets, but the Forex.com DMA account grants traders access to raw spreads for a commission, which is reduced based on ...In the past I've had zero issues making withdrawals with my debit card but in the last week I can see the funds immediately withdrawn from my oanda account but credited back a few days later. Oanda said its an issue with my debit card but I called my bank and they said there's no restrictions or holds on the card.

OANDA calls its trading system FX Trade. The platforms provide great selections for algorithmic trading, though it lags behind IG. OANDA offers 4 ways to trade: Web: This is its browser-based ...TD Ameritrade vs OANDA Comparison. We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry.Our research is unbiased and independent; …

FXCM but I wouldn’t be using the seconds timeframe tbh. 1 minute and higher is all you need. I use TV with mt4 & I go based off OANDA charts. They are the most identical. However I just realized you are trying to look at the seconds tf & I would never do that to myself lmao. Regarding fees and commissions, forex com generally offers lower fees than OANDA. Additionally, forex com has higher leverage options, while OANDA’s leverage is limited to 50:1. In terms of minimum deposits, both platforms offer low initial deposits – but forex com requires a minimum deposit of $100 compared to OANDA’s …Oct 26, 2023 · In terms of funding your initial account, Oanda requires no minimum while Forex.com requires a minimum of $50 to get started with a live trading account. Both platforms offer a free demo account. Both platforms allow account funding via bank wire and credit or debit card, but only Forex.com offers PayPal. u/5galbucket with FOREX.com you can open a live account with as little as $50. The key whether you have $1000, $50 or $100,000 is to make sure you are adequately funded for the trades you intend to place. A rule of thumb is to risk no more than 2% of your balance on any trade. With $1000 in your account, 2% would be $20 you could risk per trade.Avoid Hankotrade at all cost. Brokers. I opened a demo account on Hankotrade yesterday and today I noticed manipulated MT4 chart in the 1 minute timeframe. The first chart is from Hankotrade .. look at all those green candles.. The one below is from LQDFx ..Even a toddler will know that the Hankotrade chart is cooked.When it comes to asset selection, IG Markets remains among the best brokers globally. Forex traders get 102 currency pairs, three of which belong to a new class of weekend pairs, and the overall CFD selection exceeds 17,000. IG Markets also writes CFDs if client demand exists. Oanda has 61 currency pairs and 9 non-index futures, 22 commodities ...Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.And they offer an app if you don't like either. They have a couple of trader options; one for beginner, another for professional with lower spreads. I wish I could trade more things like metals and crypto, but it is called "Forex.com". I left them and went with OANDA. smaller spreads. both customer service sux tho.Oanda is regulated, even in the US. They are also one of the biggest brokers (top 5) dealing several billions of USD in daily transactions. If they were found to be participating in anything questionable, they'd be utterly destroyed by the US regulatory bodies.

Both brokers support third-party developers and algorithmic trading, but while Oanda enjoys success in the North American market, Interactive Brokers ranks among the leading brokers internationally. Interactive Brokers also delivers a trader-friendly pricing environment versus a more expensive cost structure at Oanda. Features and Platforms.

It doesn't sound like Oanda is the problem. You can't call yourself a trader if you don't trade. The inactivity fee is clearly stated in their terms several times. I use Oanda everyday, …

FOREX.com offers multiple execution methods and account types, as well as transparent execution statistics. That said, our research found that FOREX.com is slightly expensive when compared to the industry average, unless you are trading outside of the US, where spreads averaged 0.74 for the EUR/USD in July 2023 (using a time …Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.IG - Best overall broker, most trusted. FOREX.com - Excellent all-round offering. XTB - Great research and education. AvaTrade - Great for beginners and copy trading. FXCM - Excellent trading platforms and tools. Capital.com - Great for beginners, easy to use. XM Group - Good for algo trading.u/5galbucket with FOREX.com you can open a live account with as little as $50. The key whether you have $1000, $50 or $100,000 is to make sure you are adequately funded for the trades you intend to place. A rule of thumb is to risk no more than 2% of your balance on any trade. With $1000 in your account, 2% would be $20 you could risk per trade. FXCM but I wouldn’t be using the seconds timeframe tbh. 1 minute and higher is all you need. I use TV with mt4 & I go based off OANDA charts. They are the most identical. However I just realized you are trying to look at the seconds tf & I would never do that to myself lmao. Oanda can. Spreads aren't the best though. It depends if that is a big deal for you and if you scalp or day trade or swing trade. Oanda - as stated in the other comment reply. I use CMC Markets' NextGen platform solely for execution. Tradingview for actually chart analysis.Oanda is the better out of the two brokers. It provides nice trade execution at standard trading costs but if you want a broker who has low spreads, charges standard …I have traded with both and my answer will vary depending on how you trade. Oanda's stated costs are cheaper overall but the spreads can go crazy wide during news or at times, it seems, for no reason at all. I have traded with them off and on for years and every time I go with them I get reminded quickly why I left.

Forex Trading. OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.Oanda vs IB vs others for beginner forex algotrader. I consider myself as having strong skills in sw engineering, algorithms, ml and data analysis, but I am a noob in trading, though someone who is experienced in trading is helping me. I decided to try to build some bot and tools, which will target XAUUSD, and currently looking for broker with ...Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, OANDA is none, while IC Markets is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa …Instagram:https://instagram. programs for teachers buying homesbest stock charting appwhat is etf expense ratioconcord pines ann arbor Is OANDA legit or a scam？ OANDA is a legitimate forex broker that has been in operation for more than 20 years and is regulated by reputable financial authorities, such as the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, and the Australian Securities and Investments Commission (ASIC). best reit funds 2023owner of vivint If you really do want to maintain your hold on both long and short positions, you can always open a sub-account. This might not work for you depending on what you're trying to do. 3. [deleted] • 5 yr. ago. likebike2. • 5 yr. ago. Yes, Oanda is probably the best FX broker out there. forward dividend and yield OANDA or IG for totally new trader? Hello, i plan to stick with a broker for a long time, from demo to live account later on. Any review or experience regarding spread, deposit/withdrawal process, etc, for these brokers are greatly appreciated. Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.