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Compare Forex Brokers CKfx And Oanda


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Subjective Ratings

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CKfx

Oanda

Charting: Four star Charting Rating Two star Charting Rating
Execution: Four star Execution Rating Four star Execution Rating
Transaction costs (spreads): Three star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Three and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Three star Platform Reliability Rating
Customer support: Three and Half star Customer Support Rating Three star Customer Support Rating
Rollover interest rates: Three star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Four and Half star Withdrawal processing Rating
Average rating: Three and Half star Average Rating Three and Half star Average Rating

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Business Details

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CKfx

Oanda

 
Registered Business Name: CKFX Oanda Corporation
Broker Headquarters: Cyprus Toronto, Canada
Also has offices in: None Virtual offices in New York and Hong Kong
Regulated By: Unregulated - awaiting FSA approval through Forex Yard NFA (0325821)
FCM registered with CFTC
In business since year:   2002
Broker Capital as of 01-1970   $170,799,434
Client Account Segregation: HSBC (London) No
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0 (Standard) or $10
MasterCard/Maestro $0 $0 (Standard) or $10
Visa $0 $0 (Standard) or $10
Wire Transfer $0 $0 (Standard) or $25
MethodDeposit FeeWithdrawal Fee
Check (US clients) $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Unknown P Morgan Chase, Citibank, UBS, Deutsche Bank and Royal Bank of Canada

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Trading Details

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CKfx

Oanda

 
Browser platform: ForexYard Trading Station (Java - MAC compatible) FXTrade (proprietary) - MAC compatible
Downloadable platform: Forex Yard Trading Station No
Mobile platform: ForexYard Trading Station (Java - MAC compatible) FXTrade (proprietary) - MAC compatible
Phone dealing: Yes No
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 200:1* $1,000/unlimited 10,000/5,000,000
SuperMini Account 200:1* $100/$999 ($1,000+ automatic u $1,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 50:1* No mininum or maximum requirem 1/10,000,000
Swap-free accounts   No swap-free accounts available   No swap-free accounts available
Tradeable Instruments: 30    39   
No Dealing Desk Execution: No Yes
Typical spread on EUR/USD: 3 pips (0.0003) 0.9 pips (0.00009)
Fixed spreads: Yes No
Guaranteed stop losses? Yes (some restrictions apply) No
Trailing Stops: Client-side Server-side
OCO orders available: Yes Yes
If/then orders available: No Yes
Hedging capability: No No
Automated Trading: No No
Trading Hours: Sunday 21:00GMT to Friday 20:00GMT  
Timezone   User-defined
Scalping allowed: No Yes
Account currencies available: USD USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Hebrew Chinese, English, German, Japanese, Spanish
Support languages: Arabic, English, Finnish, French, German, Spanish, Swedish English
Demo account: 30 days Unlimited
Live chat support: Yes Yes
Interest on Margin: No Yes
Promotions & tournaments: Open a demo account and keep your profits when you change over to a real account (up to EUR300). None

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