Oanda or Alpari? - Page 2
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Thread: Oanda or Alpari?

  1. #11
    ,

    too poor Oanda has no trailstop though....

    I have been recommended Alpari by a friend but worried about how reliable they are since they are rather new ?

    they do accept a/c in euros , right ? Incidentally, is it feasible to utilize trailstop at Alpari on their host without having my PC on ?

    I heard FXCM has that function ?

  2. #12
    Three things Around Oanda.

    1. They do take the other side of your trades. They are not an ECN, they've never claimed to be. They could pass off trades and hedge their positions, but they are taking another side of all. The thing which makes them a bit different is they don't screw around TOO much, but they've had their moments in the not too distant past.

    2. They're trustworthy for over 100k. And for people who say you should be trading futures simply because of account size, '' I say, get a hint. It is a stupid thing to say.

    3. Oanda's max leverage TO OPEN a position is 50:1. Once it is opened, then goes to 100:1 to keep the position. I never ceased to be astounded after 4 decades of studying about Oanda's leverage to see that overlooked. Does one forget this?

  3. #13
    Quote Originally Posted by ;
    Three things about Oanda.

    1. They do take the other side of your trades. They aren't an ECN, they've never claimed to be. They may pass off trades and hedge their positions, but they're taking the other side of all. The thing that makes them a bit different is that they do not screw around TOO much, but they've had their moments in the not too distant past.

    2. They are reliable for over 100k. And for people who say you must be trading futures simply because of account size, '' I say, get a clue. It is a stupid thing to say.

    3. Oanda's maximum leverage TO OPEN a position is 50:1. Once it is opened, it then goes to 100:1 to keep the position. I never ceased to be amazed after 4 years of reading about Oanda's leverage to observe that overlooked. How the hell does one forget this?
    Sorry, but I can't quite understand no.3 about 100:1 to maintain position. Does this mean clients uses less margin ?

    Sorry to sound so stupid...

  4. #14
    @peterM: Oanda isn't a dealing desk broker.

    And Oanda is quite trustworthy. The one thing I would never set $100k to them is because of the missing funds insurance. Refco is just mentioned by me. You remember?

    @Dopey: Exactly what do you mean they do take the other side of a transaction? If that means they trade against youpersonally, it's wrong.

    They simply have a pool of customer's ranks and hedge the total outcome (of all customers) although the interbank market. This can be done automatically.

    I don't know your 100:1 statement. Please note that Oanda has a maximum leverage of 25:1 for many exotic pairs!

    @findcount: Alpari has not a trailing stop. You have to utilize Metatrader for this, so you have to be online. I am able to urge Alpari even if they are new to the market. Alpari is FSA regulated and have a funds insurance.

    Regards -

  5. #15
    They dont have a dealing desk (do you really think all of those 200 to 300 thousand trades they do per day go through individual traders?) , but they're a marketmaker.

  6. #16
    Yes, Oanda is a market maker. In my opinion one of the very best and very trustworthy. They don't want to rip off their clients, they obtain their income from interest and spread.

    Regards -

  7. #17
    Quote Originally Posted by ;
    @peterM: Oanda is NOT a dealing desk broker.

    And yes, Oanda is quite trustworthy. The only thing I would never put $100k is because of the funds insurance. Refco is simply mentioned by me. You remember?

    @Dopey: What do you mean they do take the other side of a transaction? It's wrong if that means they trade against you.

    They simply have a pool of client's ranks and hedge the overall outcome (of all clients) though the interbank market. This is done automatically.

    I do not understand your 100:1 statement. Please be aware, that Oanda has a max leverage of 25:1 for many exotic pairs!

    @: Alpari has not a trailing stop. You need to use Metatrader to this, so you need to be online. I can urge Alpari even if they're new to the market. Alpari is FSA regulated and have a funding insurance.

    Regards -
    thanks to helpful info....hmmmm, do not inform me FXCM is the sole broker that has trailstop on their host ???

    I do not fancy having my PC on all of the time....between the extra power cost along with the spread...I'm not making anything...

  8. #18
    Merely to clear up some possible confusion, OANDA doesn't have a working desk.

  9. #19
    Quote Originally Posted by ;
    @peterM: Oanda isn't a dealing desk broker.

    And Oanda is very trustworthy. The only thing I'd never set $100k to these is because of the missing capital insurance. I mention Refco. You remember?

    @Dopey: Exactly what do you mean with they do take the other side of a transaction? If that means that they trade against youpersonally, it's wrong.

    They simply have a pool of client's ranks and hedge the overall outcome (of all customers) although the interbank market. This can be done automatically.

    I don't know your 100:1 statement. Please be aware, that Oanda has a maximum leverage of 25:1 for many exotic pairs!

    @findcount: Alpari has not a trailing stop. You have to use Metatrader to this, which means you have to be online. I can recommend Alpari even if they're new to the market. Alpari is FSA regulated and have a funds insurance.

    Regards -
    Oandas maximum leverage is 50:1, 100:1 is the margin call rule!

    If you use 100% of your account as margin for a transaction, it must drop to 50% till a margin call occurs.

  10. #20
    Quote Originally Posted by ;
    I personally wouldn't anticipate any bucketshop broker with 100k. If you plan on investing that much, go with a real broker that moves your trades via a real marketplace. There's no reason to put that type of cash in a bucketshop.
    So what is everyones' opinion then...
    100K....who do you use as your broker?

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