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  • #5,701
  • Oct 7, 2019 3:03pm Oct 7, 2019 3:03pm
Quoting Fml
{quote} Spreads widening reactionary to events is a basic nuance. If you read the posts or actually seen the price it was the fact that the spread was LOCKED that wide for over an hour. That is in itself is extraordinary and blatant manipulation. That's why it's questionable and in terms of price offerings on a regulatory level. Did forex.com do this? They are a different type of broker, regardless doesn't make a difference what type of liquidity provided.
Not sure if that was the manipulation... Because the thing that we see is rarely a manipulation... But I can tell you that I once SAW different charts (for clients) from same broker (not oanda).. Now talking about manipulation.... I would not judge this broker because of one or few wide-spread spreads... And also... if there is a good opportunity.. it might be worth to swallow those 10pips.... just saying... Oanda has to hedge their positions also, that is why they limit trade sizes to 10mio units...
If they fail to widen spread, limit positions etc... at very high volatility or very low volume with spikes... they can be wiped out... It is very hard to make market with HFs... where nanoseconds are the norm... and you have legal-binding multi-million positions opened...

But if you find some real manipulation, you can always report and claim money... Also.. I do not think there were many situations like those... and for those, you can use other broker or use some other option with oanda.. they provide commission option and I am sure you can negotiate some deal at certain volume
https://www1.oanda.com/register/docs...rice_sheet.pdf

Let me say that those kinds of problems are SWEET problems I would suggest to focus on trading (juice) and then find a broker that will actually pay you profits... and later optimise the one that can provide the lowest cost... either low spread, commission, swaps, whatever
Can you afford to take that chance?
  • #5,702
  • Oct 13, 2019 1:57am Oct 13, 2019 1:57am
Quoting auricforecas
{quote} Not sure if that was the manipulation... Because the thing that we see is rarely a manipulation... But I can tell you that I once SAW different charts (for clients) from same broker (not oanda).. Now talking about manipulation.... I would not judge this broker because of one or few wide-spread spreads... And also... if there is a good opportunity.. it might be worth to swallow those 10pips.... just saying... Oanda has to hedge their positions also, that is why they limit trade sizes to 10mio units... If they fail to widen spread, limit positions...
That is horrible advice. Even with my preferred pricing taking that spread would've cost me the size of most the accounts I see here.

Having been a registered/associated person trading, it's amazing how everyone on forexfactory has all the answers even I'm not sure of.

Regardless, Oanda supposedly acknowledge their folly and issued reimbursements to those that were caught off guard or foolish enough take that spread.

Not sure of the fine details.
  • #5,703
  • Edited 7:57am Oct 13, 2019 3:49am | Edited 7:57am
Quoting Fml
{quote} That is horrible advice. Even with my preferred pricing taking that spread would've cost me the size of most the accounts I see here. Having been a registered/associated person trading, it's amazing how everyone on forexfactory has all the answers even I'm not sure of. Regardless, Oanda supposedly acknowledge their folly and issued reimbursements to those that were caught off guard or foolish enough take that spread. Not sure of the fine details.
Man, just wanted to help! I still stand by what I wrote. Hope the rest of the criticism was for others also and not just me... You did quote only me however..
Anyway, you could earn 60PIPS+ (directly) just this last week, if you followed me... It is amazing to me that I have been giving people DIRECT chart to trade from... yeah, using fxchart from oanda as a tool... since I love how the plotted line (for example) stays locked (on their servers)... and very few seems to notice... It amazes me how people are looking for things that do not really matter, in the longrun... And if they do, you can make good money with reimbursement/suit... Those 10PIPs were surprising but went away.. And you do see it BEFORE you enter... If it happens while in trade... you just wait for it to go away, what is the big deal? Also you can enter at 10PIP (if epic opportunity) and EXIT when it drops/lowers, there is a difference! When they increase pip to "maximum" aka 10PIP... at that part of the week/day, they have a good reason! So if you suspect price might change like 50pips, wouldn't it be worth it to swallow 10PIP entry (can exit at lower so you don't even pay 10PIPs...).

But you are right, depends on the type of trading... I am so tired of reposting/quoting myself... I do not want to promote myself in this thread, but if you check my posts/pictures.. you will see how 60PIPS were there... just this week! And many many many since 22jun (in writting) or since 25jul in actually charts... I suspect many do not know how to convert this to profit , even when the prediction I have posted on and reposted many times since..., is SPOT on... 12days to go still.. but amazing till now...

Ok back to (direct) TOPIC... I will be tracking differences between OANDA and other brokers.. so should there be any anomalies... I might either change switch the broker(s) completely.. OR use it to my advantage... BTW it always amazes me how people complain about STOP hunting... Why the hell don't people use it to their advantage? HEDGE? Bait whoever to HUNT them somewhere.. and have the counter BIGGER trade...

P.S.... Fml if you would want to, you would see that I might bring value with my posts (did so far, I believe)... But I do not give ANY advice to anyone... Suggestions at most... I have been in this racket long enough to know that there are no FIX constants... Apart of some golden rules... "learn when not to trade" being my favourite

Also, if you find any trader that went bust because of spreads.. but has good strategy, profitability.. send it to me... In more then a decade of my trading there wasn't one that even mentioned this as reason for quitting... Some did try to use this (arbitrage) to their advantage... but do not think anyone made it in the longrun.. So to sum up... until one has substantial profits, profitability... spread should not be an issue/bottleneck... But if you are talking about SCALPING, I am afraid you might find other brokers more suitable for this... OANDA seems to be best for rather lower risk, larger moves broker... For scalping, there are those with lower position costs... and maybe even fixed/guaranteed... That is it from me... Do not want to argue, it brings no juice. The main thing I already gave... If anyone can use it, tnx... If not, free to ditch... Been using oanda 10+ years btw... still use it as a (main) reference (love their charts), but do crosscheck, and I have made some good profits with them, paid me without problems... which is what counts at the end of the day. At least to me... Some that do not get to that stage, won't value this maybe... Yeah I know some friends that got to much bigger profits at other brokers but they never saw it come to their bank account or credit card... If you know what I mean...
Can you afford to take that chance?
  • #5,704
  • Oct 13, 2019 12:24pm Oct 13, 2019 12:24pm
Quoting auricforecas
{quote} Man, just wanted to help! I still stand by what I wrote. Hope the rest of the criticism was for others also and not just me... You did quote only me however.. Anyway, you could earn 60PIPS+ (directly) just this last week, if you followed me... It is amazing to me that I have been giving people DIRECT chart to trade from... yeah, using fxchart from oanda as a tool... since I love how the plotted line (for example) stays locked (on their servers)... and very few seems to notice... It amazes me how people are looking for things that do not...
Some people like brokers that offer bonusses, low spreads, etc. but, unfortunately, many of these brokers don't last long since they are only bucket shops. I have been with OANDA since 2006 and never had any problem except this year trading USDDKK due to weird price feed and high spread on that pair. My solution was to find another broker that had better spreads and normal data feed for USDDKK. The result is that I trade everything but USDDKK using OANDA and only trade USDDKK with my new broker. These two charts explain everything.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OANDA USDDKK-4M1.png Size: 18 KB
Click to Enlarge Name: New Broker USDDKKM1.png Size: 26 KB
  • #5,705
  • Oct 13, 2019 12:40pm Oct 13, 2019 12:40pm
Quoting Hutch
{quote} Some people like brokers that offer bonusses, low spreads, etc. but, unfortunately, many of these brokers don't last long since they are only bucket shops. I have been with OANDA since 2006 and never had any problem except this year trading USDDKK due to weird price feed and high spread on that pair. My solution was to find another broker that had better spreads and normal data feed for USDDKK. The result is that I trade everything but USDDKK using OANDA and only trade USDDKK with my new broker. These two charts explain everything. {image}...
Wow, much tnx man! Appreciate it... Yeah, I also heard that, way back.. when brokers were relatively unready for latency trading... someone got 300k in profits... and they paid! They swallowed that and moved on... I also heard, they had some big problem with this (exploit) back then... Now brokers are much more adapted to this...
I trade only eurusd with oanda atm.. for other markets there are better (or more suitable) brokers... They got some issue with gold some years back... when leverage was reduced to 1:1.... Haven't checked since.. I just stick to what worked best with them.. That is eurusd in my case... For OIL, GOLD, BTC... I use other brokers... Will most probably stick with them for at least certain type of (eurusd) trading... They are the ones I would trust them the most (with larger deposit), judging by my past experiences of course... For "burners" when I try to maximise smaller deposits.. other parameters are important to me, like maximum leverage and minimal margin/stop-out... OANDA is rather conservative in this department... 30:1 for EU, 50:1 for US.. and 50% margin=stop... So unsuitable for this...

But If I would deposit greater chunks for lower leverage trading... or longterterm... OANDA would still be my first choice... Even If I would move more towards the (inter)banks/ing... I would still keep them on the side Because banks are not as reliable either... just check dbfx... I mean, when I started trading, it was "the shit"... Went away..
Can you afford to take that chance?
  • #5,706
  • Oct 15, 2019 2:00pm Oct 15, 2019 2:00pm
Hi, can anyone tell me if there are additional costs to the bank transfer fee that Oanda charges? I can deal with the EUR 20 that they charge but would like to know if banks take out some too. Are the funds of European account holders held in a SEPA country? If so there shouldn't be additional costs right?
  • #5,707
  • Edited 4:13pm Oct 15, 2019 4:01pm | Edited 4:13pm
Quoting heras
Hi, can anyone tell me if there are additional costs to the bank transfer fee that Oanda charges? I can deal with the EUR 20 that they charge but would like to know if banks take out some too. Are the funds of European account holders held in a SEPA country? If so there shouldn't be additional costs right?
You are right... It is SEPA.. You deposit to UK (GB) bank (HSBC)... The funds are received in 1-2days... There seem to be no additional charges... What you pay via SEPA, you get on the trading account... there are small bank fees, how nothing serious... It is very nice.. Withdrawals are a little different... You receive the money you withdraw minus the 20EUR for first withdrawal.. It is very nice, straightforward.. both ways.. I have done many many times.. No problems... just be sure to put the correct details and that you deposit in same currency as your trading account... for automatic process..

https://www.oanda.com/us-en/trading/our-charges/
https://www.oanda.com/assets/documen..._and_costs.pdf
Can you afford to take that chance?
  • #5,708
  • Oct 16, 2019 2:03pm Oct 16, 2019 2:03pm
Quoting auricforecas
{quote} Wow, much tnx man! Appreciate it... Yeah, I also heard that, way back..
Here are two charts that shows why I trade with OANDA. In addition, when the SNB decided to unpeg the CHF with the EUR many FX brokers went bankrupt and many traders lost their accounts. This did not happen to OANDA customers since OANDA decided to cancel the losing CHF trades of all its customers so their accounts were saved. No other FX broker did this because they could not afford it. https://www.reuters.com/article/us-m...0KO16Y20150115
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OANDA.png Size: 33 KB
Click to Enlarge Name: MY OTHER BROKER.png Size: 32 KB
  • #5,709
  • Oct 16, 2019 2:16pm Oct 16, 2019 2:16pm
Quoting Hutch
{quote} Here are two charts that shows why I trade with OANDA. In addition, when the SNB decided to unpeg the CHF with the EUR many FX brokers went bankrupt and many traders lost their accounts. This did not happen to OANDA customers since OANDA decided to cancel the losing CHF trades of all its customers so their accounts were saved. No other FX broker did this because they could not afford it. https://www.reuters.com/article/us-m...0KO16Y20150115 {image} {image}
Yeah man, tnx for remembering us... That is why I am very reluctant to cancel them... They have many drawbacks... added quite some of them in the last years... due to regulations.. and they seem not to be able to provide alternatives or are not interested in that... I still think they are very good for certain trading... I mean it's great that one can start trades with 1 UNIT... and multiply that with leverage.. instead of calculating from "LOT" down etc... Deposits/Withdrawals run smoothly...

Well for a good trader they still provide some good options... but for certain trading styles.. it is pain in the ass... those rules, notifications... Ok, they recently dropped financing through the day... just at certain hour, like the rest...

Due to certain trading styles and markets... I trade only eurusd with Oanda atm.. and only one type of trading... or 2

They still seem to have good market position, reliability etc.. And yes, CHF situation was a good stress test for brokers
https://atozmarkets.com/news/forex-b...r-swiss-franc/
Can you afford to take that chance?
  • #5,710
  • Oct 17, 2019 8:43am Oct 17, 2019 8:43am
Apologies if I am hijacking this thread...newbie question here. I was straddle trading in my demo account the AUD/CAD last night during the AUD employment report. I have BUY/SELL stops in place right before the release at 1730 my time (PST). Jobs report sent the AUD up and my BUY stop triggered with slippage..order placed at 0.8928 and filled at 0.8936..no big deal. However, I am wondering why my SELL stop, placed at 0.89164, filled at 0.89163 when the lowest low of the candlestick was 0.89194. I.e. my sell stop was triggered without the price going that low. Checking OANDA's site the spreads at the time were 2.5. I know I know...spreads with this broker are high but I live in Canada and I want an IIROC regulated broker. Thoughts?
Attached Image (click to enlarge)
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  • #5,711
  • Nov 2, 2019 9:12am Nov 2, 2019 9:12am
I have a live acct with oanda and as of yesterday my account history tab is only showing yesterdays trades and not all of my previous trades. Therefore I cant do my weekly trade report. Anybody know why or how to fix this? I tried calling oanda but they are closed until tomorrow. Thanks
  • #5,712
  • Nov 3, 2019 12:53pm Nov 3, 2019 12:53pm
Quoting monty20
I have a live acct with oanda and as of yesterday my account history tab is only showing yesterdays trades and not all of my previous trades. Therefore I cant do my weekly trade report. Anybody know why or how to fix this? I tried calling oanda but they are closed until tomorrow. Thanks
I just checked my account and I have the same problem. I hope it will be ok after the markets open tomorrow.
  • #5,713
  • Nov 3, 2019 3:40pm Nov 3, 2019 3:40pm
Quoting Hutch
{quote} I just checked my account and I have the same problem. I hope it will be ok after the markets open tomorrow.
This worked for me. Click on account history tab and then right click anywhere on the trades that its showing you and you can select a few different options (last month trades, last 3 months, etc.)
  • #5,714
  • Edited 6:17pm Nov 3, 2019 5:17pm | Edited 6:17pm
Oanda teams up with Zulutrade. good thing. but look at the fees.

12. I hereby authorize OANDA to deduct from my account and pay to my Program provider named below, fees in consideration for my use of My Program.
System Trading Lease: $30 USD per system per month.
Platform Technology Fee: $100 USD per million units round turn.

if you follow 5 signal providers to mitigate the risk, you end up paying $150/month for 5 systems because each system is $30/month.
if those 5 signal providers made you to lose money for the month, you not only lost the money, if your account traded 1 million contract round turn, you pay another $100 for that.
if it is 5 million contract round turn, you pay $500 on top of what you have lost.

damn.

moreover, the fees to signal providers should come from the commission it(zulutrade) makes from the broker due to the trades. Not from the investors account. Investors already pay a pip more in spreads which is markup for Zulutrade.
Determination + Persistence = Success
  • #5,715
  • Nov 3, 2019 8:47pm Nov 3, 2019 8:47pm
@sklearn any links to that? what is zulutrade?

anyway.. i still have an account with Oanda but only because the mobile app seems to be 150% easier to use that mt4 mobile. If i didn't have to be mobile half the day or night then I would stick to my mt4 brokers (currently using 3 others) as the fees and spread are a heap lower. also oanda exposure tab is helpful for some of my trading but i'm sure mt4 has something similar ..
grist for the mill
  • #5,716
  • Nov 3, 2019 9:52pm Nov 3, 2019 9:52pm
Quoting JackJones
@sklearn any links to that? what is zulutrade? anyway.. i still have an account with Oanda but only because the mobile app seems to be 150% easier to use that mt4 mobile. If i didn't have to be mobile half the day or night then I would stick to my mt4 brokers (currently using 3 others) as the fees and spread are a heap lower. also oanda exposure tab is helpful for some of my trading but i'm sure mt4 has something similar ..
https://www.zulutrade.com/ - where you follow signal providers with your real or demo account.
if you try to signup and choose OANDA USA as broker, you will see the agreement.


Oanda fxtrade is one of the best platform to trade.
Determination + Persistence = Success
  • #5,717
  • Nov 3, 2019 10:11pm Nov 3, 2019 10:11pm
Anybody elses Oanda Daily charts showing a Saturday Candle , cant say ive had this before tried redownloading history. Any advice....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 11_3_2019 , 11_10_43 PM.png Size: 29 KB
  • #5,718
  • Nov 4, 2019 11:50am Nov 4, 2019 11:50am
Quoting SKLearn
{quote} Oanda fxtrade is one of the best platform to trade.
I 100% agree. I tried lots of web based platforms and FxTrade is by far the best.
  • #5,719
  • Nov 5, 2019 2:36pm Nov 5, 2019 2:36pm
Oanda domain and platform down. ?
  • #5,720
  • Nov 5, 2019 2:37pm Nov 5, 2019 2:37pm
Yes I can'tget my account on mt4 or Oanda's web based platform to open or load.
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