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Old 02-01-2003, 17:46   #5 (permalink)
noosafx
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Join Date: Nov 2001
Location: Australia Queensland
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I have had live trading experience with Money Garden and GCI and will never use them again after changing to FXCM. I have found that the order execution of FXCM is excellent. I do not have any experience with Oanda.

Pip spread is important in considering who you use as the smaller the spread the lower the cost to you. Also important is the speed of execution of orders and the value the order is executed. I have had cases where on live trading with the two previous Companies stops have been taken upto 20 pips from the desired value and market orders upto 10 to 15 pips for the quoted market value. (all against me) I find with FXCM the worst has been about 2 pips difference which is OK in a fast moving market.
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