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  • #3,901
  • Edited 11:48pm Nov 23, 2014 1:51pm | Edited 11:48pm
Quoting thorn
{quote} Give it a break. He does not sound like an "agent" defending his company. Just stating his opinion like you did. If you traded with such a horrible broker for 7 years, your complaints don't have much credibility.
Well....I did overstay with oanda, but I did not have any other reasonable option ( in my view at least ) because I was biased against brokers charging commission.

It was completely stupid.....and I payed dearly for it.

Anyways....it is a classic " In My Humble Opinion " statement....if you like oanda....you can have it...it is all yours !!

I'm just happy I'm out
So, you think you have rights? LOL
  • #3,902
  • Nov 24, 2014 11:40pm Nov 24, 2014 11:40pm
Honestly, I am surprised anyone complains about Oanda. I've been trading a live account with them for 4 full months now and haven't had any problems. Now, I will admit I often have slippages on my entries and exits. But it is usually just .1, .2, or .3 away from my entry and my exit (in other words, usually somewhere under half a pip). But I assume that is the same with all MT4 brokers.

My only real problem with Oanda is the leverage of 50:1. It is way too small for anyone planning to compound their money. HOWEVER, that is not Oanda's fault. All of the American brokers are not allowed to have leverage higher than 50:1. That low leverage is the ONLY reason I am about to leave Oanda. My only choice now is to find a broker in another country. Brokers in other countries outside the U.S. usually have higher leverage the U.S. brokers ... some as high as 500:1.

If anyone can recommend a good foreign broker for us Americans, please let me know.
"Trading is a mental sport." - Ziad Masri
  • #3,903
  • Edited 8:11am Nov 25, 2014 6:50am | Edited 8:11am
Quoting Quickdraw
Honestly, I am surprised anyone complains about Oanda. I've been trading a live account with them for 4 full months now and haven't had any problems. Now, I will admit I often have slippages on my entries and exits. But it is usually just .1, .2, or .3 away from my entry and my exit (in other words, usually somewhere under half a pip). But I assume that is the same with all MT4 brokers. My only real problem with Oanda is the leverage of 50:1. It is way too small for anyone planning to compound their money. HOWEVER, that is not Oanda's fault. All...
Hey man,

I'm in the same boat as you. Been trading with Oanda and love em, but that leverage is killing me. Try Forex Broker Inc. Been with them for some time too now and so far so good. They are unregulated so try at your own risk.

PS - They also allow hedging same pairs, which could be pretty beneficial if you know what you are doing.
  • #3,904
  • Nov 25, 2014 6:58am Nov 25, 2014 6:58am
I trade with Profiforex 4 years leverage 500:1, withdraw profits too many times with no problems
Tradersway leverage 1000:1 also good too.
BullShit BearShit
  • #3,905
  • Nov 25, 2014 8:22am Nov 25, 2014 8:22am
Quoting Quickdraw
My only choice now is to find a broker in another country. Brokers in other countries outside the U.S. usually have higher leverage the U.S. brokers ... some as high as 500:1. If anyone can recommend a good foreign broker for us Americans, please let me know.
Foreign brokers can't accept US clients. So your choise is very limited.
  • #3,906
  • Nov 25, 2014 8:25am Nov 25, 2014 8:25am
Quoting Quickdraw
Honestly, I am surprised anyone complains about Oanda. I've been trading a live account with them for 4 full months now and haven't had any problems. Now, I will admit I often have slippages on my entries and exits. But it is usually just .1, .2, or .3 away from my entry and my exit (in other words, usually somewhere under half a pip). But I assume that is the same with all MT4 brokers. My only real problem with Oanda is the leverage of 50:1. It is way too small for anyone planning to compound their money. HOWEVER, that is not Oanda's fault. All...
Honesty, Why would you need more than 1:50?

whats your plan Sir?
  • #3,907
  • Nov 25, 2014 11:58pm Nov 25, 2014 11:58pm
Quoting Quickdraw
Honestly, I am surprised anyone complains about Oanda. I've been trading a live account with them for 4 full months now and haven't had any problems. Now, I will admit I often have slippages on my entries and exits. But it is usually just .1, .2, or .3 away from my entry and my exit (in other words, usually somewhere under half a pip). But I assume that is the same with all MT4 brokers. My only real problem with Oanda is the leverage of 50:1. It is way too small for anyone planning to compound their money. HOWEVER, that is not Oanda's fault. All...
I don't have much choice in my country, so I choose Oanda,until now I don't have any problems with them. I think they are fine, I don't found any serious complaining about them. They widen spreads during news because they have to hedge your orders to liquidity providers. The CEO of Oanda right now is a former executive manager of Paypal, so i think they are not bad.
There is a way for us residents to trade with higher leverage, you should open a company outside us. I don't think trade with higher leverage is a good idea.
  • #3,908
  • Nov 26, 2014 12:56pm Nov 26, 2014 12:56pm
Quoting johnnycash
{quote} Foreign brokers can't accept US clients. So your choise is very limited.
Well, actually you are incorrect. There ARE some foreign brokers that will accept U.S. clients. I've found a thread at the Baby Pips forum that lists some of the foreign brokers for American traders. Here is the link for anyone that wants to see it: http://bit.ly/1uIoKIJ
"Trading is a mental sport." - Ziad Masri
  • #3,909
  • Nov 26, 2014 1:10pm Nov 26, 2014 1:10pm
Quoting 21vs7
{quote} Honesty, Why would you need more than 1:50? whats your plan Sir?
My EA often will have 6 - 8 trades going at once, with as many as 10 that has activated at once. The more trades a person has going on at once, the more money it costs for margin requirement. And this especially costs more & more as your money begins to compound higher & higher. With a 1:200 or higher leverage, it makes it easier to handle the margin requirement as your account grows. With 1:50 leverage, at some point it becomes VERY difficult to handle the margin requirement - unless you have A LOT of money in your bank to handle it. Click the following link to a post I made here at FF in which I talk more about the problems of the 1:50 leverage: http://www.forexfactory.com/showthre...78#post7881178
"Trading is a mental sport." - Ziad Masri
  • #3,910
  • Nov 26, 2014 2:24pm Nov 26, 2014 2:24pm
Quoting Quickdraw
{quote} My EA often will have 6 - 8 trades going at once, with as many as 10 that has activated at once. The more trades a person has going on at once, the more money it costs for margin requirement. And this especially costs more & more as your money begins to compound higher & higher. With a 1:200 or higher leverage, it makes it easier to handle the margin requirement as your account grows. With 1:50 leverage, at some point it becomes VERY difficult to handle the margin requirement - unless you have A LOT of money in your bank to handle it. Click...
yes, agreed

also nb of open orders can be a problem
  • #3,911
  • Nov 26, 2014 7:49pm Nov 26, 2014 7:49pm
Quoting Abcxyz77
{quote} I don't have much choice in my country, so I choose Oanda,until now I don't have any problems with them. I think they are fine, I don't found any serious complaining about them. They widen spreads during news because they have to hedge your orders to liquidity providers. The CEO of Oanda right now is a former executive manager of Paypal, so i think they are not bad. There is a way for us residents to trade with higher leverage, you should open a company outside us. I don't think trade with higher leverage is a good idea.
Gosh!! Paypal (ebay) and oanda, go together like peanut butter and jelly!! Or should I say crooks and bucket shops

Thanks for the information ABCXYZ.

I guess (spin Dr) Michael Stumm wasn't bad enough, so they had to go to the bottom of the gutter and get the lowest life possible.

Now I'm doubly happy I (instinctively) took my money out of there.
So, you think you have rights? LOL
  • #3,912
  • Edited 1:20am Nov 27, 2014 12:59am | Edited 1:20am
Quoting ForexOracle
{quote} Gosh!! Paypal (ebay) and oanda, go together like peanut butter and jelly!! Or should I say crooks and bucket shops Thanks for the information ABCXYZ. I guess (spin Dr) Michael Stumm wasn't bad enough, so they had to go to the bottom of the gutter and get the lowest life possible. Now I'm doubly happy I (instinctively) took my money out of there.
It's my personal opinion, I told you I don't have much choice in my country, I would like to choose a broker with insurance for my money but I can't. About Ebay and Paypal, why you hate them? They are big, last year Paypal transfer more than $50 billion. In my view, i like big companies because i think they are doing real business and no matter whatever happened, the government will save them, it's too big to fail. Also Trading strategies are different, some guys with big money buy and sell really fast, milli seconds is matter to them so they choose prime brokers, inter dealers....I don't know. I think it's depends on your demands to choose a broker. You hate Oanda and i think it's fine and understandable.
Most of Market Maker is trying to make you loose, if someone want to trade with big money they should choose prime brokers, liquidity providers,inter dealers, big banks.... Even Lmax is freezing their platform 2 milli seconds regularly, they say they don't want customers trade at some specific time? Forex market is too complicated for me to understand but it's always true that bigger broker-safer.
  • #3,913
  • Nov 28, 2014 8:41am Nov 28, 2014 8:41am
Just a question. Has something happened with oanda recently? Their website won't even open in my browser now. And I have recently not been able to open my FX Trade account either.

Does anyone have the same problem?
  • #3,914
  • Nov 28, 2014 8:51am Nov 28, 2014 8:51am
Quoting coolhand
Just a question. Has something happened with oanda recently? Their website won't even open in my browser now. And I have recently not been able to open my FX Trade account either. Does anyone have the same problem?
Occasionally, I've had this happen on my phone when using wifi. I have to either switch to data or switch the wifi back off and on until oanda loads. Happened once or twice this weekend.
There's always money in the banana stand.
  • #3,915
  • Nov 28, 2014 9:21am Nov 28, 2014 9:21am
i have been with OANDA for some time, overall satisfied but their spreads are terrible and no longer competitive, so considering switching to FXCM
As Above, So Below
  • #3,916
  • Nov 30, 2014 6:18am Nov 30, 2014 6:18am
Quoting coolhand
Just a question. Has something happened with oanda recently? Their website won't even open in my browser now. And I have recently not been able to open my FX Trade account either. Does anyone have the same problem?
You should check here
http://www.isitdownrightnow.com/oanda.com.html
I have problems with my ipad too, sometimes can't load forexpeacearmy
  • #3,917
  • Nov 30, 2014 10:49am Nov 30, 2014 10:49am
This year, 5 Months ago, I had a computer built for me with Windows 7 Ultimate... Ive never been able to open Oanda's FXtrade platform with this machine, Ive been in touch with Oanda's "tech geek division" but to say I'm disappointed with the info forwarded would be an understatement.....I would say my 11 year old walnut brain Jack Russell has more knowledge in dealing with this issue..I can open other java based programs without a problem so it looks like its localized to Oanda...

If anyone can offer any advice on how to solve this issue it would be very much appreciated..

Ja
Memories caught in time but never forgotten
  • #3,918
  • Dec 2, 2014 10:55am Dec 2, 2014 10:55am
Quoting ybfjax
{quote} If you want a ready-made comprehensive platform that can accept different datafeeds, including API, consider MultiCharts. Probably one of the best independent platforms out there overall. It was originally built to allow tradestation users the flexibility of using their indicators or "expert advisors" with whatever datafeed they wanted. Also chart however you wanted. They really run LAPS around the original tradestation platform and went on to become one of the premiere independent trading charting...
Made possible via OANDA's Application Programming Interface (API), FX traders can now access the award-winning MultiCharts platform via a custom OANDA fxTrade plug-in, providing charting, back-testing, and automated trading for more robust technical analysis. Please visit: http://www.multicharts.com/brokers/
  • #3,919
  • Dec 2, 2014 8:58pm Dec 2, 2014 8:58pm
Quoting OANDAhelps
{quote} Made possible via OANDA's Application Programming Interface (API), FX traders can now access the award-winning MultiCharts platform via a custom OANDA fxTrade plug-in, providing charting, back-testing, and automated trading for more robust technical analysis. Please visit: http://www.multicharts.com/brokers/
are you and official suporter from Oanda?
  • #3,920
  • Dec 3, 2014 8:20am Dec 3, 2014 8:20am
Yes, this is an official OANDA account. Please let me know if we can assist. /bc
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