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OANDA Discussion

Demo OANDA-v20 Practice-2 says NO CONECCTION.

Is it down?

Anybody has same issue?
Quoting pipmaster77
You folks and your "regulated" brokers. I know you can't all be this naive. This is a constant issue with this broker, just look back in this thread. I had not one second of downtime today (or any other day, for that matter) with any of my "unregulated" brokers. The trading conditions are 1000 times better offshore. Everyone is so concerned about getting screwed offshore, but you allow yourselves to get screwed right here every single day. Oanda is not going to change as long as they cotinue to get away with it. Wake the fuck up!!!
Yeah, and the unregulated brokers land is all milk and honey, huh?
No problems with Oanda live account.
Long time trading with them on FXTrade, MetaTrader, and their advanced charts.

Only thing I don't really like is the lot sizes they use aka "units". It's a small annoyance but I've dealt with it and MetaTrader lots so you have to convert which is not that terrible just makes things less simple.

Trading copy trades on Simple trader becomes a similar non-uniform term but you get use to it.
Quoting Bjnf
{quote} Do you mean you posted about the problem in your blog. Oanda guy saw your post, then they called you and said they would amend it? You didn't call them or mailed them, but they did call you right away because they saw you were complaining in your blog?
No. The order of events were this:

- I posted on my blog immediately after experiencing an issue with the platform (in an effort to document)
- I tried calling and received a busy tone, tried accessing live chat and it wouldn't connect, so I emailed their general support email address
- Hours later, I finally got through via phone to their customer service line. The guys I spoke with told me to email their general inbox again with "Trade Investigation" in the subject line along with details about what I experienced, what positions I had on, etc.
- I closed the trade
- Minutes later I received a call from a guy at Oanda who was clearly higher up the totem pole. He confirmed some things with me, gave me a "priority" email address to send my info to, and told me my account manager was out sick.
- I emailed the priority email address with my trade info, etc. and received an automated reply saying they'd respond within 60 minutes during business hours.
- After an hour and a half I emailed the priority address again, asking why I hadn't heard anything. Minutes later I received a call back from another Oanda individual (the same higher level person I'd spoken with earlier). He reassured me they were looking into everything and will need to file reports with the NFA before adjusting client accounts. I left it at that. He said it could take up to 4 weeks.

Just a bit ago I received a call from my "relationship manager" at Oanda. He basically just told me they were looking into everything and he emailed me his personal contact info along with a priority phone number I can call if he's not available. Now it's just a waiting game, but it does seem like they'll be adjusting accounts.
check out my blog: forexmademillionaire dot com
Quoting xy76
{quote} Yeah, and the unregulated brokers land is all milk and honey, huh?
Agreed.
Problem with unregulated is: I can not deposit big amount of money with confidence.
And if I make a lot of money, I am not sure I can withdraw it.
I have seen many people complaining they cannot withdraw after multiply their acc several times.
I am courious. What country are you guys trading from that keep having these disconnect problems? My Oanda (USA) is online all day and I never have those issue. I am talking about LIVE only not Demo.

-Ric
Be humble or get humbled
Quoting AgentPips
No problems with Oanda live account. Long time trading with them on FXTrade, MetaTrader, and their advanced charts. Only thing I don't really like is the lot sizes they use aka "units". It's a small annoyance but I've dealt with it and MetaTrader lots so you have to convert which is not that terrible just makes things less simple. Trading copy trades on Simple trader becomes a similar non-uniform term but you get use to it.
Really? I find the units make for tighter control over money management as well as calculating exact risk. Maybe it's just me.

- Ric
Be humble or get humbled
Quoting Bjnf
{quote} Agreed. Problem with unregulated is: I can not deposit big amount of money with confidence. And if I make a lot of money, I am not sure I can withdraw it. I have seen many people complaining they cannot withdraw after multiply their acc several times.
I'm not mentioning broker names any longer, but there is a forum on baby pips which lists 3 trusted brokers based on user experience. I use all 3 of them. I always have my money within 2 days. I use crypto for withdrawal. As far as large amounts, I keep the majority of my trading capital in my own bank account as I only need 1/10 of the margin to execute the same size trade with a US regulated broker, so really no need to keep extremely large amounts with them. Just move capital from bank account when and if needed. My spreads are razor thin, I pay a 2-3.50 commish round turn and most importantly, I never have any of the issues described here. I am not an IB and have no agenda whatsoever, just sharing my experience.
Quoting pipmaster77
{quote} I'm not mentioning broker names any longer, but there is a forum on baby pips which lists 3 trusted brokers based on user experience. I use all 3 of them. I always have my money within 2 days. I use crypto for withdrawal. As far as large amounts, I keep the majority of my trading capital in my own bank account as I only need 1/10 of the margin to execute the same size trade with a US regulated broker, so really no need to keep extremely large amounts with them. Just move capital from bank account when and if needed. My spreads are razor...
I know the thread on babypips (by Clint?).
My opinion is: even the very regulated brokers can fail (and have failed). So I will never look at unregulated.

BTW, I am not from US. I use Oanda Australia with 100 leverage. I think you have 500:1? Maybe I will try some other Australia brokers with 400 or 500 leverage (XM, Peperstone).

As to the large amount: I want to compound my acc to 1M. So I use Oanda. I think I will have no problem withdraw 1M from Oanda.
Quoting riclater211
{quote} Really? I find the units make for tighter control over money management as well as calculating exact risk. Maybe it's just me. - Ric
Totally agreed.
My sizes are like 129023, 189452, 165187, etc.
Quoting riclater211
I am courious. What country are you guys trading from that keep having these disconnect problems? My Oanda (USA) is online all day and I never have those issue. I am talking about LIVE only not Demo. -Ric
Its not about country.
When I come here and say Oanda down, it is down, and my acc manager confirms it. Others US members (like Toshiba) confirm it.
Yesterday it was down many times. Maybe you were not trading yesterday?
Quoting Bjnf
{quote} Its not about country. When I come here and say Oanda down, it is down, and my acc manager confirms it. Others US members (like Toshiba) confirm it. Yesterday it was down many times. Maybe you were not trading yesterday?
Well to be fair, I am logged into Oanda all day every work day between 1 pm and 6 am EST but my trades take place between 4 and 5 PM EST although I do adjust trades at any time. However, I stand by that I have not had an issue with Oanda the way I see people chatting about here. I am not babysitting charts or trades all day long but I do check trades every 12 hours and/or around major news times. I am not saying your wrong or it did not happen, I am saying I do not experience what you and others are talking about.

- Ric
Be humble or get humbled
FXDesktop seems to be more stable lately.. Late last year it was reconnecting and all sorts, but now it seems as solid as it always was.


https://pages.oanda.com/2017-Core-Pricing-AU.html

CORE PRICING NOW
AVAILABLE ON
70 FX PAIRS

Spreads as low as 0.1 with AUD3.50 per 100k commission
There is also this:


https://pages.oanda.com/mt4-open-ord...icator-v2.html


Introducing our new Open Orderbook MT4 indicator so you can see aggregate
OANDA client open orders and open positions directly on your MT4 charts.
grist for the mill
Oanda API is not working since last Friday.
Will Oanda allow for withdrawals of $10k or more to debit card?
ex nihilo
This may have been brought up before and I'm sorry in advance if it has. I have been using Forex.com for about a year now and I keep seeing Oanda mentioned over and over again. I looked at their pricing and its very similar and I use metatrader 4 for my platform. Could anyone who has used both or knows a lot about them explain to me if I am at the wrong broker or the advantages that I might be missing out on. Thanks in advance.
Quoting Oc6oph
Will Oanda allow for withdrawals of $10k or more to debit card?
Hey Oc6oph,

The answer depends on what your country your from. This link will help: Oanda Withdraws

Generally speaking, you can withdraw by the means you deposit. If you deposit 10K via debit card, you can withdraw 10k via debit card. You can always deposit and withdraw any amount via registered bank accounts.

- Ric
Be humble or get humbled
Quoting branchd85
This may have been brought up before and I'm sorry in advance if it has. I have been using Forex.com for about a year now and I keep seeing Oanda mentioned over and over again. I looked at their pricing and its very similar and I use metatrader 4 for my platform. Could anyone who has used both or knows a lot about them explain to me if I am at the wrong broker or the advantages that I might be missing out on. Thanks in advance.
Hey Branchd85,

If you are using MT4, any advantage is negligible unless you have a pro account. At Forex.com it is called the DMA Trading account & Oanda it is called OANDA Advanced Trader.

Good Luck,

- Ric
Be humble or get humbled
Quoting branchd85
This may have been brought up before and I'm sorry in advance if it has. I have been using Forex.com for about a year now and I keep seeing Oanda mentioned over and over again. I looked at their pricing and its very similar and I use metatrader 4 for my platform. Could anyone who has used both or knows a lot about them explain to me if I am at the wrong broker or the advantages that I might be missing out on. Thanks in advance.
Forex.com does not allow investor passwords, so you cannot set up an EA copier to sub-accounts, like you can do at Oanda. Also, Forex.com has removed the "ask" line, so you cannot physically see the slippage they do on every entry, usually about 2 pips. Finally, Oanda generally has lower spreads and lower required margin on most pairs. From reading this thread, it seems the only advantage of Forex.com is more stability of your online connection. If you do not trade large lot sizes, compound to other accounts, hedge on multiple time frames, nor care much about paying more than the spread on every trade, then Forex.com is really easy to use.
You cannot be extraordinary by being normal
Oanda Core Pricing has AUD/USD at 0.2 pip spread and in high vol EUR/USD is at 0.1 sometimes.

I remember the days of 4 pips on Euro and that was in the high vol periods!
grist for the mill
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