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Does anyone have any information about or experience with currency
trading on Oanda.com? This info is from their FAQ:
-- Why should I trade with OANDA?
* 100% automated - from market-making through trade execution
* Real-time executable pricing - transparent pricing
* Instant settlement, deal confirmation
* Tight spreads on all major currencies offered - regardless of
transaction size
* As low as 2-3 pips
* Smallest transaction sizes available on the Web - no trade minimum
* Trade as little as $1 and receive tight spreads
* No minimum initial deposit required
-- How much does it cost to trade with OANDA?
There are no costs to trade with OANDA. Trading clients pay the
spread only (2-3 pips on all major currencies traded), no
commissions or fixed transaction fees.
-- What are OANDA's trading hours?
24 / 7 - OANDA is the only Internet-based platform currently
accepting trades over the weekend.
-- What currencies can I trade in?
OANDA currently offers the following currency pairs:
AUD/JPY, AUD/NZD, AUD/USD, CHF/JPY, EUR/AUD, EUR/CHF, EUR/CZK,
EUR/DKK, EUR/GBP, EUR/HUF, EUR/JPY, EUR/NOK, EUR/PLN, EUR/SEK,
EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF,
USD/DKK, USD/HKD, USD/JPY, USD/NOK, USD/SAR, USD/SGD, USD/THB,
USD/ZAR, and USD/MXN
OANDA will expand coverage over time.
Thanks for any info you can share.
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