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  #11 (permalink)  
Old 11-21-2006, 02:40 AM
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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.
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  #12 (permalink)  
Old 11-21-2006, 03:11 AM
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From Oanda's website

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
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  #13 (permalink)  
Old 11-21-2006, 10:55 AM
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Quote:
Originally Posted by DollarShort
OANDA will charge a license fee of USD $600 for the Library... Monthly fees of USD $600 will commence following this two month period...
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...
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  #14 (permalink)  
Old 11-03-2008, 12:54 AM
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Weekend live forex rates

Is there any website which publishes live forex rates during the weekend? Most brokers do not. Thanks so much.
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  #15 (permalink)  
Old 11-03-2008, 01:24 AM
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Quote:
Originally Posted by alvin050 View Post
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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Old 11-06-2008, 10:31 AM
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Some more advantages and disadvantages

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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