Hi Ric,
I'm very sorry to split this into 3 posts. Please accept my humble apologies.
Last 5 print screen.
Lotus
I'm very sorry to split this into 3 posts. Please accept my humble apologies.
Last 5 print screen.
Lotus
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Disliked{quote} Hi Ric, Thank you so much for your warm answers. On behalf of my friend, I'll like to express our greatest gratitude. You answer faster than Oanda's frontdesk. As my friend had not answered, I did some googling myself. I believe he didn't know when is Asia Pacific open. Even if it'd registered open way before, that was before Oanda changed their policy of not accepting Asian clients to maintain their Asia branch. I knew about this because a couple of years ago, a sister tried to open an account with the Oanda US but told that as a Taiwanese,...Ignored
Disliked{quote} Hello Lotus1, I am just trying to help where I can. Oanda really ...Ignored
DislikedI am seriously thinking about not necessarily changing the broker... I might still use it for some type of trades or (risk) strategies... but I will need another broker... This regulation are really bothering.... For example... This margin-exit rule for example costed me in the past... Not to speak about the (de)leveraging they did in the EU... But I still consider OANADA to be reliable and good broker, I think I might use it as long as I trade because I am so used to their charts, fxtrade etc... I might still use it as a backup, verification of...Ignored
Disliked{quote} Hi, Yes, I can't agree more. Initially, I used this broker as a backup too. I see it not necessary to change broker as it'll cool to hedge against my position when another broker's platform hanged. However, this broker is not the only possible one to work as backup. I'll prefer to deal with a broker I can trust. This regulation change issue had been confirmed not related to regulatory change. It means that the official mail misinformed account holder. I can't speak for others but I will worry about what is next. Trust is very important between...Ignored
Disliked{quote} Hey Lotus, I would like to see or read how and where you received your 'confirmation' that it was not regulatory reasons for Oanda to close your account. I have not seen anything that holds truth to that. The inactivity fees at Oanda are only assessed if you have 0 trading activity for 12 consecutive months. You can just open and close 1 unit every 12 months and not have to pay any fees. I see that as more than fair. - RicIgnored
Disliked{quote} Hi Ric, I'd heard a friend of mine who wrote to NFC and confirmed it. As there is a time gap between the east and west, I'll need time to get a print screen. However, even without, another friend has also confirmed that he has an email from Oanda that stated it's not about US regulatory changes. As for inactivity fees, it'll be rather challenging to remember that 12 months when the account is for back-up. Yes, it's okay to write in a calendar with a reminder. However, with busy life schedule, I'll prefer to have a small lot hanging instead....Ignored
Disliked{quote} Hey Lotus, I think there has been a huge misunderstanding here. The regulatory changes .......Ignored
DislikedOanda is regulated by NFC, even Oanda Asia Pacific. Also, SFC doesn’t change anything.Ignored
DislikedI hope OANDA will find a way to bypass some of the rules.. at least for certain markets/clients.. otherwise they might lose their edge... I have noticed however that they changed their market strategy... They used to be just IT, now they are offering more and more "insights" etc... Also had trouble reaching the helpdesk the last few times... But I won't bother with the details for now.. I just noticed I would have to seriously (benchmark) the brokers again at least after I test my strategy and if the broker will appear to be a weak(er) chain in...Ignored
Disliked{quote} I have been a long time OANDA customer and withdrawing funds has never been a problem. Here is a copy of my first profit withdrawal. {image}Ignored