What is the best place to trade the forex?
Filed Under (Investing) by kubalasek on 24-03-2006
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I am curious that with the spread and all incentives, what platform/site/company is the best bet for investing your money in the forex?
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There are so many, try and
i like this one. EUR\USD only 3 points spread
After trying about 4 different trading platforms, I think OANDA.COM is the best. The leverage is low (50:1) but their spreads change and follow closely what the true market is doing better than anyone. You can also trade as little as one dollar or
up to 10 million dollars.
Here is a statement from the OANDA web site that I find interesting:
“Except for residual amounts, we fully hedge our clients’ positions. All the time. So there is no conflict of interest. We benefit most when our clients are profitable and we have nothing to gain when they are unprofitable.”
Through various chat rooms and message boards I have found that OANDA has a widely known reputation for being fair and honest and no, I dont work for them or have any ties to them other than using them for trading.