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OANDA Discussion

Quoting bundyraider
Got a message from Oanda this morning... {quote} Bizarre that they would just prevent people from trading, regardless of experience or account status. Seems more to protect themselves than clients. I've had an account with Oanda since the good ole days ( Around 15 years ) On top of other backwards steps over recent years, this is enough for me to reduce my account size. Not feeling too confident about their position, or at the least their direction.
just got this in my email

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I use a Oanda demo account. I am logged in with trades running but when I try to open a new trade or close a existing one I get a message saying "market is closed" Does anyone know how I can correct this? Thanks

Edit This is during normal market hours.
I spoke with them with regards to the Demo account unable to trade. They informed me that there's a problem and they're work on it. That's about all they can convey.
Same here. I've been using their web platform to send (and modify) my trades, and monitor them on MT4. Ironically, once I send it on the web platform, it shows up immediately on MT4. So that part is still working, at least. Fine for swing trading...not so much for scalping.
Demo account now allowing trading. Problem corrected.
Hello, looks like Oanda, is having current issues as I'm experiencing the same thing as last week. Trying to execute a trade and I get a prompt telling me the market is closed when it's actually open.

Going to look for other options. Anyone have recommendations?

Quoting tacokiller
Hello, looks like Oanda, is having current issues.....
Is Oanda still in business? No charts, no chat. I should prolly search my options as well
Working fine on fxtrade plataform.

fxtrade demo/practice not working (no charts).
Quoting tacokiller
Hello, looks like Oanda, is having current issues as I'm experiencing the same thing as last week. Trying to execute a trade and I get a prompt telling me the market is closed when it's actually open. Going to look for other options. Anyone have recommendations?
I've had IG and Pepperstone recommended to me. I'm gonna give them a look.
Thanks for all replies. Its happening again today 29.11.2021. I'm glad I'm using a demo account. Disappointing that Oanda doesn't send a message to tell us its them causing the problem.
15 years with Oanda, quit 6 months ago, Ic markets.
So glad I did. The only advantage Oanda offers is the non-lot size.
Otherwise, it is almost impossible to make money with them. If you do intraday the spread and spread fluctuations will take any profit. If you trade 4H, or D the night swap will wipe you out, forget about the weekend slippage. up to 20 pips on EURUSD.

I day trade only EURUSD on Ic Markets, spread 0,6 pips.
I am not advertising them, there are others as good...just stay away from bucket shop u know who..
Quoting cuchuflito
15 years with Oanda, quit 6 months ago, Ic markets. So glad I did. The only advantage Oanda offers is the non-lot size. Otherwise, it is almost impossible to make money with them. If you do intraday the spread and spread fluctuations will take any profit. If you trade 4H, or D the night swap will wipe you out, forget about the weekend slippage. up to 20 pips on EURUSD. I day trade only EURUSD on Ic Markets, spread 0,6 pips. I am not advertising them, there are others as good...just stay away from bucket shop u know who..
I have been trading with Oanda since 2005 and when it was acquired by CVC Partners a lot of things went down the drain. I no longer trade on D1 charts because swaps were killing my profits. There has been large increases in spreads notably for Bitcoin. It was $36 and that was about average but that was changed to $100 and this is way too high to permit good profits so no more Bitcoin trading for me. On the other hand Oanda kept its fixed spread of 3¢ (4¢ at the beginning of the session) for WTI is quite competitive. As a pro trader I get a leverage of 1:100. Could you please tell me the spread for WTI at ICM and does it offer a leverage of 1:100? The best thing with Oanda Canada is the CAD 1 million guarantee per account in case the firm goes bust. When Alpari UK went bust in 2010 I got all my money back but it took 16 months.
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Got logged out of Oanda from all my devices a couple minutes ago, can't log in. "Something went wrong, please try again later". I kept trying and now i've been blocked out of my account for multiple log-in attempts. Anybody know what's going on?
Trying my best.
Quoting moondoggie
Got logged out of Oanda from all my devices a couple minutes ago, can't log in. "Something went wrong, please try again later". I kept trying and now i've been blocked out of my account for multiple log-in attempts. Anybody know what's going on?
I don't know what's going on, but I can confirm that the same is happening on my end.
Student of the Markets
Quoting dchristi
{quote} I don't know what's going on, but I can confirm that the same is happening on my end.

Noted, glad to know that I'm not the only one experiencing this issue at the moment.

EDIT : I was logged out of mobile Fxtrade, desktop TradingView, and attempted multiple failed logins on the Oanda U.S. web client

EDIT 2 : I'll wait a couple hours before attempting to login. Thankfully, I have no open positions at the moment. If I still can't login, I'll give customer service a call. Really disappointed that this is happening.
Trying my best.
Quoting moondoggie
Got logged out of Oanda from all my devices a couple minutes ago, can't log in. "Something went wrong, please try again later". I kept trying and now i've been blocked out of my account for multiple log-in attempts. Anybody know what's going on?
Same. Waiting for an email to unblock my account. No idea what's going on, but we're not the only ones: https://istheservicedown.com/problems/oanda

I can log into MT4, but don't have anything in that account.
Yeah, Oanda seams to be completely down.
Quoting xy100
Yeah, Oanda seams to be completely down.

That's worrisome. Any long-time Oanda clients who've experienced something like this before?
Trying my best.
Quoting moondoggie
{quote} That's worrisome. Any long-time Oanda clients who've experienced something like this before?
Yes, it happened before although not for a long time.
Quoting xy100
{quote} Yes, it happened before although not for a long time.
When OANDA does go down, they normally only shut their systems down at market extremes -- you are generally safe at other times.
Student of the Markets
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