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Dover-English Channel PORT

Dover-English Channel PORT

Sunday, November 14, 2010

www.oanda.com/

s your forex dealer treating you fairly?

Simply trading with the dealer that has the consistently highest ratio of profitable accounts is no guarantee that you will be profitable, too. But as an investor, you owe it to yourself to do your research and make sure your dealer is acting in your best interests.
For example:
  • Does your dealer publish true spreads? (Many advertise a “limited-time offer” that is not available when you trade.)
  • Does your dealer calculate and pay interest fairly? (Most still engage in an end-of-day calculation.)
  • Does your dealer promise no extra fees above and beyond the spread? (Most apply various fees to your account—to pay middlemen, or to punish you if your trading volume falls below a certain minimum.)
  • Does your dealer offer the same price for any trade size? (Most dealers “ladder” prices to reserve the best rates for their largest orders.)
If you answered “no” to any of above questions, ask yourself if you're getting a fair deal from your forex dealer. Better yet, download our PDF — 10 Tough Questions for Forex Brokers — and ask your broker for their answers.

Maybe it's time for a change.

OANDA has built a reputation among traders for our transparency, fairness, quality of execution, and low spreads.
Get the OANDA advantage today!