Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers Oanda And Baron Forex


 Compare more forex brokers

Visit Oanda Visit Baron Forex


Subjective Ratings

Compare Category

Oanda

Baron Forex

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

Visit Oanda Visit Baron Forex

Business Details

Compare Category

Oanda

Baron Forex

 
Registered Business Name: Oanda Corporation BFX Capital Inc.
Broker Headquarters: Toronto, Canada Belize City, Belize
Also has offices in: Virtual offices in New York and Hong Kong New York, Toronto, Cyprus
Regulated By: NFA (0325821)
FCM registered with CFTC
IFSC (Belize) No. 6012909
In business since year: 2002 2008
Broker Capital as of 11-2008 $170,799,434 Unknown
Client Account Segregation: No Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Check (US clients) $0 $0
PayPal $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: P Morgan Chase, Citibank, UBS, Deutsche Bank and Royal Bank of Canada Several major banks in Switzerland and the UK

Visit Oanda Visit Baron Forex

Trading Details

Compare Category

Oanda

Baron Forex

 
Browser platform: FXTrade (proprietary) - MAC compatible None
Downloadable platform: No Baron Forex Metatrader 4 (MT4)
Mobile platform: FXTrade (proprietary) - MAC compatible None
Phone dealing: No Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 50:1* No mininum or maximum requirem 1/10,000,000
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts   No swap-free accounts available   Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 39    26   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD: 0.9 pips (0.00009) 2 pips (0.0002) FIXED
Fixed spreads: No Yes
Guaranteed stop losses? No Yes, stop loss orders are guaranteed against slippage
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: Yes No
Hedging capability: No Yes, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: No Yes
Trading Hours:   Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone User-defined GMT datafeed
Scalping allowed: Yes Yes, traders are free to practice any trading style.
Account currencies available: USD CAD, EUR, USD
Platform languages: Chinese, English, German, Japanese, Spanish Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: English English, Spanish
Demo account: Unlimited 30 days
Live chat support: Yes Yes, excellent support is available during trading hours.
Interest on Margin: Yes No
Promotions & tournaments: None $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

Visit Oanda Visit Baron Forex


Bookmark and Share