Bitcoin on Oanda

[cbeast]

Just need one legitimate forex provider to start trading BTC and all of the other exchanges currencies can go away.

FTFY 

[bernard75]

Obviously XE followed in their footsteps and even though they got the XBT wrong(or not? iso?), they are doing a much better job at it(and will let you choose your language ):

[doom309]

cool, btc on xe

[Gabi]

It is BTC, not XBT 

[bernard75]

It is BTC, not XBT  

http://www.change.org/en-GB/petitions/six-interbank-clearing-include-a-symbol-for-bitcoin-in-iso-4217
Not saying it should be this or that, but obviously the market leaders have a different approach to it.

[monsterer]

I like Oanda, but you've got to remember that a broker != an exchange.

A broker has a price-feed which they take from an exchange - they act as a middle-man between you and the exchange they post your trades on, which has limited value when you can trade directly with the exchange yourself.

[roy7]

I like Oanda, but you've got to remember that a broker != an exchange.

A broker has a price-feed which they take from an exchange - they act as a middle-man between you and the exchange they post your trades on, which has limited value when you can trade directly with the exchange yourself.

That is correct but for retail customers who trade Forex on Oanda, it isn't like you can go to a forex exchange to trade more directly. ie: ETrade is a middle man between you and the NYSE, but you can't go to the NYSE directly to bypass the broker.

In the case of something like BTC there's no centralized single exchange they'd be front us, so they would need to match buy/sell orders and act as their own exchange, basically.

[Abdussamad]

Wow bitcoins on xe. That is big news. I think it deserves its own thread!

[monsterer]

In the case of something like BTC there's no centralized single exchange they'd be front us, so they would need to match buy/sell orders and act as their own exchange, basically.

I highly doubt that. It's quite likely they'll just use MtGox for the feed and for the orders as that is the biggest exchange, as the other forex brokers trading bitcoin have.

The only exchange/broker combo that I know of is Kraken.