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You should trade with an ECN, not OANDA... if you're a millionaire

I have been with OANDA since August of 2005. I usually don't care about rating a company unless it is Terrible or Excellent.

OANDA has gone through it's growing pains and are significantly better now then before. For those of you bashing this company, try going to another...you'll find just as many and usually more problems.

There are two kinds of traders, amateurs and professionals. I find more often then not that the ones struggling to "make-it" in this business are the first to blame their tools.

If you have over million dollars to trade, you should be dealing with an ECN, not OANDA. If you are just starting out (breaking even/traded demo for at least a year), I would recommend having a few "live" accounts with several different brokers and test their trading in real money situations, test their withdraw methods and timeliness.

What you will find is OANDA is at the top of the list when it comes to which one you'd like to put the largest chunk of your money with.

Michael 2010-05-24