OandA or Interbank FX for 1st live acct
Hello All
I will be opening my 1st reside acct at November. I've been using Oanda Demo for months. I chose Oanda since the demonstration has no expiration date. After reading great things about Interbank FX I opened a demonstration and have been using it. I discovered that I am charged'swap' = 1 pip once I hold the transaction available. A search here found that the following post by James 16 in an Interbank FX ribbon:
some info for everyone trading with them. I started a mini account with 15,000 and was getting hit 5 to 7 percent on swaps. They dont provide
credits on mini accounts.
Oanda pays a'charge', but it would appear that Interbank charges you regardless if you are using a mini acct. The pip spread is exactly the same on both platforms for EUR/USD
I do like Interbank FX I am beginning to learn more about the capacities of M4 and would hate to lose this following the 30 days demo endings. However, if another thread is understood by me, I can only point the M4 to another server?
Question. Which, in your opinion, is best to get a new acct. Oanda or mini Interbank FX. I really don't want to start a'standard' IBFX acct since 5K isn't in my trading budget yet.
Thank You.