I have searched the site of Oanda and found this broker has some disadvantages also. You are telling right that this broker is having since services and having leverage of 1:50 but other broker are giving leverage of 200:1. In comparison to other brokers the leverage of Oanda is too less.

Anyone using a local forex broker? Care to give some reviews?

Local brokers require a high deposit fee right?

im not a fx trader but i did play around with oanda i feel its pretty good but i there are limitations with the charting applet. I have not tried other brokerages but i know so far oanda u can play 1 pip = $0.10.

local brokerages need high deposit fee. I wanted to sign up for IG markets but im still a student so the only way for a student is to get ur parents sign up and u become the collateral moreover there needs to be gurantee an asset worth at least 100k or more. which i think is crazy

Thanks for sharing this.