Thatsmagic, Oanda is a market maker and probably more so a...

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    Thatsmagic, Oanda is a market maker and probably more so a "Bucket Shop" they have been around a while and from what i can recall in the past, profits were always payed out to traders but if your to profitable, then they will ask you to leave and close your account down just like most brokers these days.

    They have a decent net capital amount well above the required amount.But i don't have any experience with this broker so i can only go on past reviews by the various traders.

    Some other relevent info for you below.....

    OANDA is registered with the U.S. Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).

    OANDA continuously meets stringent financial requirements, including minimal capital requirements based on customers' open positions. OANDA compiles financial data every day and submits it to the CFTC and the NFA on a weekly and monthly basis. Both the operational and the financial aspects of OANDA are audited by the NFA and by private financial auditors.

    and you can check out the reviews on the below link:

    http://www.forexpeacearmy.com/public/review/www.oanda.com





    cheers..
 
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