OANDA Discussion | Page 257 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Oanda GM Discussion 0 replies

Oanda users - Oanda widening spreads 62 replies

Oanda order filling discussion 6 replies

OANDA Canada vs OANDA Corp. 4 replies

Euro/Dollar discussion 9 replies

Attachments: OANDA Discussion
Exit Attachments

OANDA Discussion

  • #5,121
  • Edited Oct 26, 2017 2:23am Oct 25, 2017 2:47pm | Edited Oct 26, 2017 2:23am
Quoting elDIABLO21
{quote} Why stick to OANDA and not open a STP/ECN account? You have the numbers to open an ECN Acc..
In the US we are limited to Forex.com or Oanda. "Think or Swim" is is under Gain capital, as is Forex.com. So, US traders have only two choices.

But thanks for the idea!

Edit. I was wrong. There are some offshore brokers for USA clients.
:FX Choice chat says they accept USA clients. Babypips has a thread (by Clint) discussing the availability of offshore brokers for USA clients.
  • #5,122
  • Oct 25, 2017 3:13pm Oct 25, 2017 3:13pm
I am really amused to read all the complaints that so many people have against their brokers, and specifically Oanda. If you send a scanned copy of your driver's license and it is illegible you can only blame the guy in the mirror. Just give them the quality they need!

If you trade in the middle of huge political/financial announcements, and getting zinged by huge spreads, again you can blame the guy in the mirror. You are an amateur gambler rather than a trader. Would you walk out your front door if you heard machine gun fire outside???

Some of you folks sound like you just aren't making it in forex and use this forum as a place to vent your frustrations. I have been with Oanda since 2009 and am still trading without complaints, or interest in tossing the dice in a different asset class or with a different broker. Instead of all this complaining why not be studying what you are doing wrong, studying different approaches, testing your method in the practice account until you are assured that it works???
  • #5,123
  • Oct 25, 2017 3:29pm Oct 25, 2017 3:29pm
Quoting stelpm
I have been with Oanda since 2009 and am still trading without complaints, or interest in tossing the dice in a different asset class or with a different broker.
Same here, since 2013 though. I like o@nda because I can play with pocket/beer money and it offers oil trading with low margin/good leverage. However, for serious/life trading, I’d like to be sure that the broker is not trading against me.
Just playing with amp futures demo right now, looks neat, would be good for me to step up the game and reach those account sizes soon.
k
  • #5,124
  • Oct 25, 2017 3:38pm Oct 25, 2017 3:38pm
What is the best EA for Oanda?
  • #5,125
  • Oct 25, 2017 5:57pm Oct 25, 2017 5:57pm
I am also looking to migrate to AMP futures with mt5. 0.10 per side/contract CQG feed with CME/Globex $5.00/month (non-pro).
  • #5,126
  • Oct 25, 2017 10:52pm Oct 25, 2017 10:52pm
Quoting dwe213
{quote} In the US we are limited to Forex.com or Oanda. "Think or Swim" is is under Gain capital, as is Forex.com. So, US traders have only two choices. But thanks for the idea!
Not true. You can trade with an overseas broker. A couple I recommend are FX Choice and Tradersway. Go over to BabyPips.com and look for a thread titled: "Going offshore to escape the CFTC" (It's in the Broker Discussion section there at BabyPips). You will see other offshore brokers that we Americans can trade with. Do your research there to find the one that is best for you.
"Dream big and dare to fail." - Norman Vaughan
  • #5,127
  • Edited 2:32am Oct 26, 2017 2:05am | Edited 2:32am
Quoting Ace_1
{quote} Not true. You can trade with an overseas broker. A couple I recommend are FX Choice and Tradersway. Go over to BabyPips.com and look for a thread titled: "Going offshore to escape the CFTC" (It's in the Broker Discussion section there at BabyPips). You will see other offshore brokers that we Americans can trade with. Do your research there to find the one that is best for you.
Agreed, research is a good idea. Thank you for correcting my error.
FX Choice chat says they accept USA clients.

And from Trader'sway chat: " Our jurisdiction does not apply any country's restrictions. Please check your ability to deal with our company with your legal consultant .
The chat agent said he was not able to answer "yes" that Tradersway accepts USA clients.

You recommended these two brokers. Are you using either of them now? If so, I would be glad to hear about your experience and account set-up. Thanks!
  • #5,128
  • Oct 26, 2017 4:36am Oct 26, 2017 4:36am
Quoting dwe213
{quote} Agreed, research is a good idea. Thank you for correcting my error. FX Choice chat says they accept USA clients. And from Trader'sway chat: " Our jurisdiction does not apply any country's restrictions. Please check your ability to deal with our company with your legal consultant . The chat agent said he was not able to answer "yes" that Tradersway accepts USA clients. You recommended these two brokers. Are you using either of them now? If so, I would be glad to hear about your experience and account set-up. Thanks!
Hi dwe213,
From the experience you have related in regards to OANDA Trading conditions which include, but not limited to FIFO and outrageous spreads, I will advice you consider changing to a world-class regulated MTF for FX which could provide you with unparalleled trading conditions. I just made an inquiry and they confirmed accepting US Clients.
Study and risk taking are the engine & fuel that will propel you to success
  • #5,129
  • Oct 26, 2017 7:36am Oct 26, 2017 7:36am
[quote=stelpm;10427017]I am really amused to read all the complaints that so many people have against their brokers, and specifically Oanda. If you send a scanned copy of your driver's license and it is illegible you can only blame the guy in the mirror. Just give them the quality they need

... and I am really amused by your comment...because, you know for sure that I did not provide a good document...
just for your knowledge mister "I know everything", I sent several times the document and it was nothing wrong with it ...
And finally, Oanda, realized they made a mistake by not updating my account from the very beginning (first e-mail).
So, in conclusion, the fact that you did not have any problems with them, does not mean that we can not have any problems and that Oanda is a perfect broker.
  • #5,130
  • Oct 26, 2017 7:59am Oct 26, 2017 7:59am
Quoting jecklom
{quote} Hi dwe213, From the experience you have related in regards to OANDA Trading conditions which include, but not limited to FIFO and outrageous spreads, I will advice you consider changing to a world-class regulated MTF for FX which could provide you with unparalleled trading conditions. I just made an inquiry and they confirmed accepting US Clients.
Thank you for this information. However, I am happy with Oanda's honesty, transparency and my Representative's willingness to go to bat for me when there is an error--and several times errors were fixed in my favor. I only wanted to point out how much spreads widen at Oanda on news, and also mention that they charge "interest" every second a trade is open (and on only a few pairs can you earn a little "interest").
  • #5,131
  • Oct 26, 2017 8:17am Oct 26, 2017 8:17am
Quoting dwe213
{quote} Thank you for this information. However, I am happy with Oanda's honesty, transparency and my Representative's willingness to go to bat for me when there is an error--and several times errors were fixed in my favor. I only wanted to point out how much spreads widen at Oanda on news, and also mention that they charge "interest" every second a trade is open (and on only a few pairs can you earn a little "interest").
Good to know you are okay with your present Broker, nothing compares to being contented with ones trading service providers. That keeps you focused on planing your trades and trading your plan. Best of luck!
Study and risk taking are the engine & fuel that will propel you to success
  • #5,132
  • Oct 26, 2017 9:22am Oct 26, 2017 9:22am
Quoting jecklom
{quote} Hi dwe213, From the experience you have related in regards to OANDA Trading conditions which include, but not limited to FIFO and outrageous spreads, I will advice you consider changing to a world-class regulated MTF for FX which could provide you with unparalleled trading conditions. I just made an inquiry and they confirmed accepting US Clients.
If true, this is interesting as they have an lmax feed (good).
  • #5,133
  • Oct 26, 2017 10:24am Oct 26, 2017 10:24am
Quoting jecklom
{quote} Hi dwe213, From the experience you have related in regards to OANDA Trading conditions which include, but not limited to FIFO and outrageous spreads, I will advice you consider changing to a world-class regulated MTF for FX which could provide you with unparalleled trading conditions. I just made an inquiry and they confirmed accepting US Clients.
LMAX most definitely does not accept US citizens. Been trading offshore for 4 years and I'd be all over that. Do you have a link that states otherwise?
  • #5,134
  • Oct 26, 2017 12:05pm Oct 26, 2017 12:05pm
Quoting dwe213
{quote} Agreed, research is a good idea. Thank you for correcting my error. FX Choice chat says they accept USA clients. And from Trader'sway chat: " Our jurisdiction does not apply any country's restrictions. Please check your ability to deal with our company with your legal consultant . The chat agent said he was not able to answer "yes" that Tradersway accepts USA clients. You recommended these two brokers. Are you using either of them now? If so, I would be glad to hear about your experience and account set-up. Thanks!
I have an account with FX Choice. However, I am currently not doing any live trading and therefore I have withdrew the money I had in the account. I had no problem withdrawing all my money out of the account. When I was trading live with FX Choice, I only made a few trades (without any problem). I only stopped trading live because I want to improve my trading skills before trading again with real money. Anyways, I had no problems in the limited amount of time I traded live using FX Choice, and I was able to withdraw all my money out of my account with no problem. Go look at the thread at the babypips website and you will see they are well regarded by other traders.

In regards to Tradersway, the thread at the babypips website (that I mentioned in my previous post) has them on their list of brokers that accept U.S. clients. And in that thread you will see posts of people from the U.S. that are using Tradersway. Thus, that is why I assume Tradersway is accepting people from the United States.
"Dream big and dare to fail." - Norman Vaughan
  • #5,135
  • Oct 26, 2017 12:10pm Oct 26, 2017 12:10pm
Quoting pipmaster77
{quote} LMAX most definitely does not accept US citizens. Been trading offshore for 4 years and I'd be all over that. Do you have a link that states otherwise?
Well, if you go to to the thread at the babypips website (here's the link) : http://bit.ly/2yTj0ct , they say they ARE accepting U.S. citizens.
"Dream big and dare to fail." - Norman Vaughan
  • #5,136
  • Oct 26, 2017 12:30pm Oct 26, 2017 12:30pm
Quoting Ace_1
{quote} Well, if you go to to the thread at the babypips website (here's the link) : http://bit.ly/2yTj0ct , they say they ARE accepting U.S. citizens.
That's LMFX, already aware of that broker. They cleverly just changed one letter the A to an F. I check that thread at least twice per week.
  • #5,137
  • Oct 26, 2017 12:32pm Oct 26, 2017 12:32pm
Quoting Ace_1
{quote} I have an account with FX Choice. However, I am currently not doing any live trading and therefore I have withdrew the money I had in the account. I had no problem withdrawing all my money out of the account. When I was trading live with FX Choice, I only made a few trades (without any problem). I only stopped trading live because I want to improve my trading skills before trading again with real money. Anyways, I had no problems in the limited amount of time I traded live using FX Choice, and I was able to withdraw all my money out of my...
FX Choice is horrible since merger with Forex Broker Inc. Trader's Way and Finpro trading are BY FAR the two best options.
  • #5,138
  • Oct 26, 2017 12:43pm Oct 26, 2017 12:43pm
Quoting pipmaster77
{quote} LMAX most definitely does not accept US citizens. Been trading offshore for 4 years and I'd be all over that. Do you have a link that states otherwise?
Kindly find attached below my chat script with LMAX...
Attached File(s)
File Type: txt transcript.txt   1 KB | 484 downloads
Study and risk taking are the engine & fuel that will propel you to success
  • #5,139
  • Oct 26, 2017 12:54pm Oct 26, 2017 12:54pm
Quoting jecklom
{quote} Kindly find attached below my chat script with LMAX... {file}
Haha, you might as well get an interactive brokers account if you meet those regulations. Sigh. Currency futures
looks like my path.
  • #5,140
  • Oct 26, 2017 1:06pm Oct 26, 2017 1:06pm
Quoting nonlinear
{quote} Haha, you might as well get an interactive brokers account if you meet those regulations. Sigh. Currency futures looks like my path.
It might be a good alternative to FIFO compliant Brokers ... and a sure trading venue for long-term career traders.
Study and risk taking are the engine & fuel that will propel you to success
10 traders viewing now