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  • #4,201
  • Feb 2, 2015 2:50am Feb 2, 2015 2:50am
Quoting Mingary
{quote} Why is it toxic (to the broker) ?


Toxic OrderFlow is OrderFlow that a Broker or a Bank does not want.


The order flow of a trader who is winning, is NOT considered as toxic order flow, it's something completely different.

Neither a bank nor a Broker has a Problem with winning traders.

For more information, see this Video:


Inserted Video
Forex is a losers game.
  • #4,202
  • Feb 2, 2015 12:36pm Feb 2, 2015 12:36pm
Just wondering, will Oanda still send you a tax form if you're trading with a small $100 to $200 account? I realized I have USD funds in my Paypal account and I'm in Canada. I think this is a good opportunity to convert it over to CAD and trade through Oanda. However, offshore brokers don't give tax forms. So I don't have to report it unless Oanda issues me a form right?
  • #4,203
  • Feb 2, 2015 5:02pm Feb 2, 2015 5:02pm
F**k oanda after what ive seen today,havent been trading for a good year now,so did small deposit to come back,all was fine,until today 10 oclock midnight,when i seen all major currencies spread increase,and F me if i had couple more position it would rolled me over in a blink of an eye.

Firstly all majors increased up to 10-20% a bit less traded went to over 50-100% spread-and im speaking here of gbp/cad 50pip spread.
Whats even worse it keeps changing drops down say 20-30% then minutes later its back up in full throttle.

Also either im imagining stuff but if price comes close to your open price or tp suddenly rates increase.

I Guess that BS story of how we managed to survive the swiss mayhem and wont charge people for losses etc,will be coming of average traders pockets.

I know of weekend rates and its usually 20pips on most majors and more on less traded,but this fluctuation every couple minutes on week day trading is a big F u sign of OANDA.

Since i imagine someone who didnt do much trading and leaving couple less traded positions overnight will be waking up to margin calls on daily basis now,since it seems they make up the spread as it goes.Once cashed in will look for another broker that has decency not to fool people,since seems event with swiss frank left them damaged good even thou they claim otherwise,but increasing spread from 2-3.5 average to 50pip is a *ucking joke (excuse my language here)
  • #4,204
  • Feb 2, 2015 5:22pm Feb 2, 2015 5:22pm
Quoting pinkiaiii
F**k oanda after what ive seen today,havent been trading for a good year now,so did small deposit to come back,all was fine,until today 10 oclock midnight,when i seen all major currencies spread increase,and F me if i had couple more position it would rolled me over in a blink of an eye. Firstly all majors increased up to 10-20% a bit less traded went to over 50-100% spread-and im speaking here of gbp/cad 50pip spread. Whats even worse it keeps changing drops down say 20-30% then minutes later its back up in full throttle. Also either im imagining...
Are you joking, im in the process of signing up?
  • #4,205
  • Edited 5:51pm Feb 2, 2015 5:32pm | Edited 5:51pm
OK some mistake to point out the spread is actually for buying or selling,i dont think it does affect existing positions as is,unless there is set sl tp or smth else,then one will have still have a gap which will prevent from opening position or closing it,as it would result in a lose or break even :/
A bit rusty after not trading for some while so stuff like this really gets to me.


been with oanda for 5 y in general,they are a good broker,but this new crap after swiss is messing everything up.Now the rates have stabilized a bit but they keep changing every minute,and that spike on gbp/cad 50 pips and other similar currencies is pure joke,they should of put on a fecking warning sign on their front page for next month or so for people to know it.

Now theres couple news coming out tonight from aussie which thank good i don't have open,but i imagine ill have to keep sitting at my pc most of the night.Since couple positions i have are in red to be exact 10%.

Now luckily im sorta covered.but i imagine if there were some news related to some currency one trades and inst in top 6,and someone decided to make a spike,many would wake up with margin calls,so thus even oanda was/is fair in general,but treating night trading now as it would swiss collapse every night and covering their ends is pure scam,since one might not even know how much they gonna pull up the spread.
  • #4,206
  • Feb 2, 2015 5:55pm Feb 2, 2015 5:55pm
Anyone that has been with Oanda for 5 years should know spreads widen at "rollover time" - that is 5pm EST or 22:00 GMT. And so do many other brokers too, especially on pairs like GBPCAD. This is not a new thing, and typically EURUSD will widen to 5-12 pips and GBPUSD to 8-15 with Oanda. Anybody signing up with Oanda should keep this in mind, and someone who has been with them for 5 years should know this.
  • #4,207
  • Feb 2, 2015 6:36pm Feb 2, 2015 6:36pm
Quoting pinkiaiii
F**k oanda after what ive seen today,havent been trading for a good year now,so did small deposit to come back,all was fine,until today 10 oclock midnight,when i seen all major currencies spread increase,and F me if i had couple more position it would rolled me over in a blink of an eye. Firstly all majors increased up to 10-20% a bit less traded went to over 50-100% spread-and im speaking here of gbp/cad 50pip spread. Whats even worse it keeps changing drops down say 20-30% then minutes later its back up in full throttle. Also either im imagining...
been trying to tell everyone. Everyone thinks the unregulated offshore brokers aren't trustworthy. It's the NFA regulated ones you gotta watch out for. Not only does the NFA put all those restrictions on you, they really aren't regulating shit.
  • #4,208
  • Feb 2, 2015 6:45pm Feb 2, 2015 6:45pm
Quoting FxJimmy
Anyone that has been with Oanda for 5 years should know spreads widen at "rollover time" - that is 5pm EST or 22:00 GMT. And so do many other brokers too, especially on pairs like GBPCAD. This is not a new thing, and typically EURUSD will widen to 5-12 pips and GBPUSD to 8-15 with Oanda. Anybody signing up with Oanda should keep this in mind, and someone who has been with them for 5 years should know this.
Doh i know about widening,on news night time,but this wasn't the case it was 20pip EU/USD and yes it was 50 pips on gbp/cad-could of made profit easily as price was going my way then bam fecking 50pips block and good bye,until price retraced-my complain was about putting almost over 50% spread and furthermore it keeps changing every minute,and i know for sure it wasnt like that in the past specially night time.

If it was some sort important news id agree,but putting in floating spread for night time is stupid vs fixed rates,or even just supplying chart on site where everyone could see it properly,not finding out the hard way.

And as said its not about their trust or whatever,its about new implications they made which im 100% sure weren't there couple weeks back.
  • #4,209
  • Feb 2, 2015 7:29pm Feb 2, 2015 7:29pm
The reason spreads are wider at this roll over time is because of the amount of volatility. The GBPCAD the last couple of weeks has a daily range of 200+pips. Back in November and December it was 100 pips. If you look on the Oanda site for historical maximum spreads, the GBPCAD had a 20 pip spread almost every time at rollover - 5:00 pm EST or 22:00 GMT back then. You can check that out here: http://fxtrade.oanda.ca/why/spreads/recent

I don't like that this happens either. But I know this happens (been with Oanda since 2007) and I take it in to account when trading. Especially those GBP cross pairs. I don't even trade them anymore due to the spreads and because I am a scalper/day trader. For the past year I only focus on EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY and USDCAD.

So to anybody new to Oanda, or thinking about signing up with them, just be aware that not only do the spreads widen at news time, but at rollover time too.
  • #4,210
  • Feb 3, 2015 8:19am Feb 3, 2015 8:19am
Quoting deathbait
{quote} That's the whole point. You're not supposed to be able to reduce your overall exposure like that. When you are allowed to do that, you move the risk of catastrophic failure from the individual to the entire group of innocent people who are trading with the broker and had nothing to do with it. Your exposure is much more than you think it is. You are trading it, and you should bear the full brunt of it when things go south. The recent problems came from negative balances, which directly stem from the fact that brokers were giving their clients...
I get where you're coming from dude but you have to think beyond that... As you said, peope can be "purely selfish"... Does that exempt your broker? It only takes one person to screw everything up. I pat anyone on the back, who deposited their entire trading line witht their broker and I say good job for being a wise man😎
  • #4,211
  • Feb 5, 2015 2:22pm Feb 5, 2015 2:22pm
Quoting Wilby
{quote} I get where you're coming from dude but you have to think beyond that... As you said, peope can be "purely selfish"... Does that exempt your broker? It only takes one person to screw everything up. I pat anyone on the back, who deposited their entire trading line witht their broker and I say good job for being a wise man😎
Another $18 million for the PFG futures clients whose funds were supposedly "segregated" --- but evidently, ZERO for the PFG forex customers who, according to U.S. law, are not even entitled to segregated accounts.

Why is anyone trading with a US based, NFA regulated broker?
  • #4,212
  • Feb 10, 2015 9:54am Feb 10, 2015 9:54am
One thing I've noticed recently with Oanda is that I am now almost always getting positive slippage in my favour on pending orders, sometimes by nearly 2 pips.
Where price is now, it has been before, and will be again.
  • #4,213
  • Feb 10, 2015 5:54pm Feb 10, 2015 5:54pm
bye bye oanda after years of using..

i have finally found a way better broker...

pm me if you like to know which one i ended up choose after years of comparisons.
  • #4,214
  • Feb 10, 2015 7:27pm Feb 10, 2015 7:27pm
I might concur.
  • #4,215
  • Feb 12, 2015 1:07pm Feb 12, 2015 1:07pm
Here's a zoomed in snapshot of the crazy spread increases at Oanda that last 1 second (even when there's no news around a pair). This snapshot is for GBPNZD at 8:30 am on Thursday Feb 12, 2015.

Note: If you have a stop entry order with an associated stop loss order, both will get hit simultaneously at Oanda.
Attached Image (click to enlarge)
Click to Enlarge Name: oanda_gbpnzd_150pip_Spread_021215_0830am.png Size: 46 KB
  • #4,216
  • Feb 12, 2015 1:15pm Feb 12, 2015 1:15pm
Quoting herenow0
Here's a zoomed in snapshot of the crazy spread increases at Oanda that last 1 second (even when there's no news around a pair). This snapshot is for GBPNZD at 8:30 am on Thursday Feb 12, 2015. Note: If you have a stop entry order with an associated stop loss order, both will get hit simultaneously at Oanda. {image}
That's why you are better off at an unregulated offshore broker whom you can trust as opposed to these brokers under the "watchful" eye of the NFA.. For a regulatory agency which makes conditions so tough on traders, they sure let the brokers get away with a lot. FXCM, Forex.com, etc. etc. It's funny to me that I can watch price get within .001 of my stops and not get hit with my unregulated offshore broker, but these NFA regulated brokers just do whatever they want.
  • #4,217
  • Feb 12, 2015 1:51pm Feb 12, 2015 1:51pm
Quoting Profit Daily
{quote} That's why you are better off at an unregulated offshore broker whom you can trust as opposed to these brokers under the "watchful" eye of the NFA.. For a regulatory agency which makes conditions so tough on traders, they sure let the brokers get away with a lot. FXCM, Forex.com, etc. etc. It's funny to me that I can watch price get within .001 of my stops and not get hit with my unregulated offshore broker, but these NFA regulated brokers just do whatever they want.
and who is that magnificent unregulated offshore broker ?
  • #4,218
  • Feb 12, 2015 1:51pm Feb 12, 2015 1:51pm
Quoting herenow0
Here's a zoomed in snapshot of the crazy spread increases at Oanda that last 1 second (even when there's no news around a pair). This snapshot is for GBPNZD at 8:30 am on Thursday Feb 12, 2015. Note: If you have a stop entry order with an associated stop loss order, both will get hit simultaneously at Oanda. {image}
I've seen 120 pip spreads on GBP/NZD in the past.It concerned me that much that I considered leaving.They seemed to have stopped this shit recently.Looks like they may be starting to take the piss again.
Where price is now, it has been before, and will be again.
  • #4,219
  • Feb 12, 2015 3:08pm Feb 12, 2015 3:08pm
Quoting bradu
{quote} and who is that magnificent unregulated offshore broker ?
I use 4 of them. There is an entire thread on the subject.
  • #4,220
  • Feb 12, 2015 3:10pm Feb 12, 2015 3:10pm
Quoting Jenx
{quote} I've seen 120 pip spreads on GBP/NZD in the past.It concerned me that much that I considered leaving.They seemed to have stopped this shit recently.Looks like they may be starting to take the piss again.
Why wouldn't they? The NFA has single-handedly eliminated competition by driving all the brokers out. What are there, 5 left in the US? One will more than likely be out of business, one has been fined numerous times, one widens spreads and freezes platform. Sure glad the NFA is looking out for us.
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