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Do you Trade with Oanda

By September 12, 2012

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It's not much of a secret that I endorse Oanda as a forex broker. I've been with them since I started trading and while I've tried other brokers, I have always come to the conclusion that Oanda has the best set up for retail forex trading.

You can see my review of Oanda's trading service and platform at my Oanda Review.

What I'd like to ask is for other traders that trade with Oanda, or have traded with Oanda in the past to please write a review. You can find the review form here.

I consider this site to be a great trading resource for beginning traders and I like to provide as balance of a view as possible. The more reviews we have for brokers, the better balance of information that is available for new traders.

If you have a different forex broker, I'd still love to get your input, you can find the general forex broker review form here.

Thanks for your input everyone!

September 16, 2012 at 3:20 pm
(1) Beth says:

I am just a beginner in learning about FX trading, but from what I read they are a market maker, not an ECN and can bet against you in a trade, so would not be in your best interest is that correct?

September 19, 2012 at 9:43 pm
(2) John Russell says:

They are indeed a market maker. Many brokers are. They electronically lay off their risk by hedging all trades on the open trading market. Some brokers can trade against you, but not all of them do. I have not personally seen any behavior from Oanda that would indicate that they are. However, I’m not a conspiracy theorist about it either.

Anyone else that has experience with them, please chime in.

September 23, 2012 at 10:30 am
(3) Beth says:

Would you recommend an ECN, and why or why not?

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