Hi Prasxz,
I have heard of these guys before. You can find more info about them here:
http://nondealingdesk.com/ and possibly here http://nondealingdesk.blogspot.com/
However I know of no one who has used them before.

OANDA will charge a license fee of USD $600 for the Library, after which the customer is entitled to two free months of use. Monthly fees of USD $600 will commence following this two month period, discounted by USD $50 for each USD $1M in trading volume generated on the account. Note that a monthly volume of USD $12M would entitle the customer to free API use.

DS

Which partially explains the popularity of Metatrader...

I wonder how much marketshare the API license fee & the other barriers to entry for autotrading has cost Oanda over the last few years...

Is there any website which publishes live forex rates during the weekend? Most brokers do not. Thanks so much.

Oanda is one of them .

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Oanda has both advantages and disadvantages.

On one side, there is $1 minimum trade size, low spreads, multiple currency accounts and pretty good trading tools... Plus OANDA is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and is a member of the National Futures Association (NFA # 0325821).

On the other side, Oanda takes quite a lot of each withdrawal transaction

Bank Wire Fee
Account First Withdrawal (Fee)
EURO €20
USD USD $20
CAD CAD $20
CHF Swf $20
GBP £ 10
JPY ¥2,000
AUD $20

Additional Withdrawals
Fee + €15
Fee + $15
Fee + CAD $20
Fee + Swf 20
Fee+ £10
Fee + ¥2,000
Fee + $20

Also, to deposit funds you can only use bank wire, check, or PayPal... and unfortunately no credit card (damn!)

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