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  • #2,721
  • Dec 14, 2011 4:49am Dec 14, 2011 4:49am
Vasmiza, will they not charge you for withdrawing funds? Isn't there any commission? I haven't traded with Oanda, so I don't know.
  • #2,722
  • Dec 14, 2011 5:00am Dec 14, 2011 5:00am
Quoting Uilen
Vasmiza, will they not charge you for withdrawing funds? Isn't there any commission? I haven't traded with Oanda, so I don't know.
It depends on the withdrawing method.

http://fxtrade.oanda.com/help/how-to-withdraw-funds

The first withdrawal is usually free.
  • #2,723
  • Dec 14, 2011 5:02am Dec 14, 2011 5:02am
Quoting vasmiza
Thnks for the advice. I tried calling today but couldn't get through. I will try emailing in detail and see what happens.
No worries, I find phone calls to be much like live chat. Even had one representative trying to question my trading style and pressing for me to tell him my strategy
  • #2,724
  • Dec 14, 2011 5:32am Dec 14, 2011 5:32am
Oanda and just about ever other broker won't open an account overseas for a U.S. citizen living in the US. This has to do with the Barney-Frank or whatever the dumb bill / law is called that brought down all these rule changes in the last few years.

Not saying you can't find someone, but you'll be dealing with 3rd 4th tier brokers that nobodies ever heard of. Good luck.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #2,725
  • Edited 11:13pm Dec 14, 2011 10:07pm | Edited 11:13pm
hi, i'm looking to deposit some money in oanda using a bank wire. if anybody used Chase bank to wire over money to oanda, can you please help me answer these questions:

1. how much did Chase charge as a fee for depositing money using a bank wire?

2. for withdrawing funds from oanda, i know oanda charges $20. does chase bank also charge a fee for wiring money back into my chase account? if yes, how much do they charge each time?

if it makes any difference, i'm in new york city and use Chase bank.

if Chase is too expensive for bank wires, can anyone recommend another bank that has lower fees or even free outgoing or incoming wire transfer fees?

Thank you.


also if anybody uses check as a withdrawal method (withdrawing over $1000), do they usually come in a timely matter or do they take forever and sometimes gets lost and you have to request a new check?

if anybody has used both methods to deposit and withdraw (bank wire versus check), which one do you think you're better off using as a withdrawal method?
  • #2,726
  • Dec 14, 2011 11:17pm Dec 14, 2011 11:17pm
Quoting dwusbu
hi, i'm looking to deposit some money in oanda using a bank wire. if anybody used Chase bank to wire over money to oanda, can you please help me answer these questions:

1. how much did Chase charge as a fee for depositing money using a bank wire?

2. for withdrawing funds from oanda, i know oanda charges $20. does chase bank also charge a fee for wiring money back into my chase account? if yes, how much do they charge each time?

if it makes any difference, i'm in new york city and use Chase bank.

if Chase is too expensive for bank wires, can...
chase hase nothing to do with you, oanda should have all the upfront fees on there website, also your bank will charge you a wire.
  • #2,727
  • Dec 15, 2011 3:55am Dec 15, 2011 3:55am
Quoting vasmiza
It depends on the withdrawing method.

http://fxtrade.oanda.com/help/how-to-withdraw-funds

The first withdrawal is usually free.

Thanks!
  • #2,728
  • Dec 15, 2011 8:27am Dec 15, 2011 8:27am
If anyone has a spare minute, perhaps you could email oanda requesting them to provide a dollar index feed. I contacted them and they said they would consider it if it was something enough of their clients wanted.

[email protected]
  • #2,729
  • Dec 15, 2011 10:09am Dec 15, 2011 10:09am
Quoting dwusbu
hi, i'm looking to deposit some money in oanda using a bank wire. if anybody used Chase bank to wire over money to oanda, can you please help me answer these questions:

1. how much did Chase charge as a fee for depositing money using a bank wire?

2. for withdrawing funds from oanda, i know oanda charges $20. does chase bank also charge a fee for wiring money back into my chase account? if yes, how much do they charge each time?

if it makes any difference, i'm in new york city and use Chase bank.

if Chase is too expensive for bank wires, can...
after doing some research, chase wire fees are $30 for outgoing and $15 for incoming each time which can make it quite expensive. i think i am going to go with ally bank which has $20 outgoing fee and free incoming wires.

i would still like to hear other people's opinion on withdrawing with oanda through a check. is it too much of a hassle and headaches to go through a check (for amounts more than $1000)?

I wish oanda had ACH which would make all of this so much easier.

Thank you.
  • #2,730
  • Dec 15, 2011 10:52am Dec 15, 2011 10:52am
Quoting dwusbu
after doing some research, chase wire fees are $30 for outgoing and $15 for incoming each time which can make it quite expensive. i think i am going to go with ally bank which has $20 outgoing fee and free incoming wires.

i would still like to hear other people's opinion on withdrawing with oanda through a check. is it too much of a hassle and headaches to go through a check (for amounts more than $1000)?

I wish oanda had ACH which would make all of this so much easier.

Thank you.
Yes, go with another. I am in AUS so it may be different but my bank is $20 for outgoing and $0 for incoming. How can they justify charging you to receive money into your account when they are benefiting from funds you hold???
  • #2,731
  • Dec 15, 2011 12:54pm Dec 15, 2011 12:54pm
Quoting dwusbu
after doing some research, chase wire fees are $30 for outgoing and $15 for incoming each time which can make it quite expensive. i think i am going to go with ally bank which has $20 outgoing fee and free incoming wires.

i would still like to hear other people's opinion on withdrawing with oanda through a check. is it too much of a hassle and headaches to go through a check (for amounts more than $1000)?

I wish oanda had ACH which would make all of this so much easier.

Thank you.
That's pretty cheap compared to Wells Fargo that charges $50 bucks.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #2,732
  • Dec 17, 2011 1:58am Dec 17, 2011 1:58am
I see Oanda has a job opportunity called English/Chinese customer service representative.. I applied it on Dec 07th and they still did not contact me yet...

Is that means they read my resume/cover letter and they think i was not good so they decided to not contact me?? Anyone know it usually takes how long for them to contact a person for interview if they decide to give that person a try?
  • #2,733
  • Dec 17, 2011 2:28am Dec 17, 2011 2:28am
I've been with OANDA for over ten years and have never had a problem depositing or withdrawing funds from them. Requesting funds withdraw by check takes three to five days before you receive it. Have never had a problem with customer service, fast friendly efficient
  • #2,734
  • Dec 19, 2011 7:19am Dec 19, 2011 7:19am
Last 6 min was impossible to trade, trades froze for 1 full minute before executing at wrong price. anybody else. Getting fed-up with this and will have to move to an ECN
  • #2,735
  • Dec 19, 2011 7:25am Dec 19, 2011 7:25am
Quoting StephanusR
Last 6 min was impossible to trade, trades froze for 1 full minute before executing at wrong price. anybody else. Getting fed-up with this and will have to move to an ECN
demo or real?
  • #2,736
  • Dec 19, 2011 8:36am Dec 19, 2011 8:36am
Quoting Agro
demo or real?
Real
  • #2,737
  • Dec 19, 2011 8:57am Dec 19, 2011 8:57am
Quoting StephanusR
Last 6 min was impossible to trade, trades froze for 1 full minute before executing at wrong price. anybody else. Getting fed-up with this and will have to move to an ECN
I was just thinking about opening an account with them. Is this a new problem?
  • #2,738
  • Dec 19, 2011 9:20am Dec 19, 2011 9:20am
Quoting StephanusR
Last 6 min was impossible to trade, trades froze for 1 full minute before executing at wrong price. anybody else. Getting fed-up with this and will have to move to an ECN
you guys still trade with a market maker
  • #2,739
  • Dec 19, 2011 1:53pm Dec 19, 2011 1:53pm
Quoting PoundTrader
you guys still trade with a market maker
you still wasting your time flaming a market maker?
FXGears.com
  • #2,740
  • Dec 21, 2011 4:47am Dec 21, 2011 4:47am
Wow! What great comments lately. You guys tried being useful for a moment?

I dare you to put together a good guide on choosing a broker.
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