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n00btrader

OEC Questions

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Oh, I see. I shouldn't worry about putting my money at a company with compliance issues. Thanks for the advice?

 

You shouldn’t. Unless you let your broker make your trades for you, which is what the complaint is about. Is OEC responsible for people who mindlessly follow some else’s advice and then complain that the broker (IB - not OCE) just wanted their commissions? Sheep get lead to the slaughter.

 

dVL

Edited by daVinciLite

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so is oec any good or not?

 

OEC is not TT or CQG but it gets the job done. I use the money I save to buy Sierra Chart/IQ Feed and use OEC to execute. There were problems in 2009, but things have been pretty stable for me since then.

 

dVL

 

PS:

 

I also have a good relationship with my IB that predates OEC. You will probably get better customer service if you go through an IB.

Edited by daVinciLite

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so is oec any good or not? i know browns fan should change his name to oec fan, but anyone else.....?

 

i had a look at their web site and i must say they do offer a lot for the money. its almost too good to be true IF they data and software is reliable and fast.

 

and we all know what they say about too good to be true.....

 

Maybe I'll ask MMS to change my name. LOL

 

Not sure why OEC seems to good to be true. They are good at what they do and you don't have to take anyone's word for it - - demo it for yourself! Demo is free for 2 weeks I think and I'm sure you can ask for an extension if needed. Get the demo and look for yourself. Don't trust anyone on this forum till your own eyes see it.

 

Here's what I know - if OEC had problems, this forum and ET would light up with complaints. Anytime there's an issue, both forums (esp ET) light up with complaints. There hasn't been any issues for quite awhile. If there were, I have plenty of vultures on this forum just waiting to pounce on OEC and me. You'll note that those vultures have not been around for a long time. For some reason they disappear when things are running smoothly. They are only there to jump all over OEC and me when there's an issue, but never to be heard from when everything is running perfectly.

 

 

OEC is not TT or CQG but it gets the job done. I use the money I save to buy Sierra Chart/IQ Feed and use OEC to execute. There were problems in 2009, but things have been pretty stable for me since then.

 

dVL

 

PS:

 

I also have a good relationship with my IB that predates OEC. You will probably get better customer service if you go through an IB.

 

OEC is not TT or CQG or T4 for that matter. The only way you can see if OEC can work for you is to demo it. And even if their platform is not capable of what you need, you can still take that free data and plug into MultiCharts and other platforms!

 

I was paying $500/mo for T4 before moving to OEC and have not looked back. You can see on this forum that was years ago, so that has to say something. If OEC was crap, I would have left a long time ago and just went back to T4.

 

As for best service, I guess it depends what IB you use. I go direct to OEC and never have any problems, but at this point I really don't need much direct customer service.

 

IN THE END demo it for yourself and see what you think. You can use the entire suite from OEC - platform, data and DOM - or you can take that data (save the expense of buying data) and plug into another platform and just use their DOM.

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