I just found this video, it looks bad for Oanda no?
http://www.mediafire.com/?dz21xxsxjjm
http://i25.tinypic.com/10h83kk.jpg
http://www.mediafire.com/?dz21xxsxjjm
http://i25.tinypic.com/10h83kk.jpg
Stop Hunting 274 replies
Stop Hunting 11 replies
Stop Hunting? 18 replies
Stop Hunting and Demos 1 reply
DislikedStop loss hunting is very common event with oanda. they actually sent an email confirming that they win more when their clients lose.Ignored
DislikedAny broker that is using variable spreads can stop you out without giving an explanation. I always use fixed spread brokers because i trade the news on a regular basis. The spread never widens under any condition and i can enter or exit at will. I have trade 100 full lots at a time and never was stop hunted. In fact it got within 1 pip (trailing) and I never got stopped out. Oanda is good in certain instances, but certainly not for the large trader.Ignored
DislikedThat's from the email :
"THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. OANDA IS ACTING AS A COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, OANDA'S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS OANDA ESTABLISHES THE PRICES AT WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES OANDA OFFERS MIGHT NOT BE THE BEST PRICES AVAILABLE. IF OANDA ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN YOU SHOULD BE AWARE THAT OANDA MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE OANDA ACTS AS THE BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE RECOMMENDATIONS YOU RECEIVE FROM OANDA OR ANY OF ITS SOLICITORS."
Regards,
PirinIgnored
DislikedAll brokers under NFA have to send the exact same email (except for their company name) to their client. It's the rule. So that email doesn't weight much of anything.Ignored
DislikedAny broker that is using variable spreads can stop you out without giving an explanation. I always use fixed spread brokers because i trade the news on a regular basis. The spread never widens under any condition and i can enter or exit at will. I have trade 100 full lots at a time and never was stop hunted. In fact it got within 1 pip (trailing) and I never got stopped out. Oanda is good in certain instances, but certainly not for the large trader.Ignored
QuoteDislikedAny broker that is using variable spreads can stop you out without giving an explanation.
QuoteDislikedThat's from the email :
QuoteDislikedAll brokers under NFA have to send the exact same email (except for their company name) to their client. It's the rule. So that email doesn't weight much of anything.
DislikedI don't see stop hunting there. I see a sudden drop of 40 pips on the Oanda feed during a volatile NFP release. That's called slippageIgnored
DislikedAll brokers under NFA have to send the exact same email (except for their company name) to their client. It's the rule. So that email doesn't weight much of anything.Ignored
DislikedThe important subject here is that the broker is the counter party in our business and they win more when we lose.Ignored