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OANDA Discussion

  • #6,861
  • Edited Jul 22, 2022 4:24am Jul 21, 2022 11:37pm | Edited Jul 22, 2022 4:24am
Quoting CashBox
Here is my experience with Oanda. One review is on ForexPeaceArmy dot com and there was a follow up review.
You should use your screen recording software and put this stuff that you are talking about on YT because i never seen any of this ever.
Maybe its because i dont trade around midnight (Europe) when there is little liquidity.
And lately i have seen an epidemic of people hell bent on trading precisely at that time, who are complaining about various spread related issues.
  • #6,862
  • Jul 26, 2022 1:20pm Jul 26, 2022 1:20pm
Quoting H13
Ton, Serious question....and I need an honest answer Who is trading against me and my positions that I place with Oanda?
See this link (below)

OANDA Europe Limited | Disclosures | OANDA

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On the other hand, I've known that Oanda is a market maker for a long time. They are known for it in the industry.

Here is a definiton of Market Maker.

market maker - FCA Handbook

market maker
(1) (except in COBS and DTR) (in relation to an investment) a person who (otherwise than in his capacity as the operator of a regulated collective investment scheme) holds himself out as able and willing to enter into transactions of sale and purchase in investments of that description at prices determined by him generally and continuously rather than in respect of each particular transaction.
(2) (in COBS) a person who holds himself or herself out on the financial markets on a continuous basis as being willing to deal on own account by buying and selling financial instruments against that person’s proprietary capital at prices defined by that person.
[Note: article 4(1)(7) of MiFID]
(3) [deleted]
(4) (in DTR) a person who holds himself or herself out on the financial markets on a continuous basis as being willing to deal on own account by buying and selling financial instruments against that person’s proprietary capital at prices defined by that person.

----
In Section 4, of The OEL Pillar Disclosure document
oel_pillar_disclosures_2019 (1).pdf (oanda.com)

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  • #6,863
  • Jul 26, 2022 1:30pm Jul 26, 2022 1:30pm
Quoting CashBox
Here is my experience with Oanda. One review is on ForexPeaceArmy dot com and there was a follow up review. Below these are my current review: Oanda's SCAM SPREAD was changed AFTER the trade was placed Service use: Live Length of use: 0-3 Months Feb 17, 2022 - 1 Star A few days ago, with zero news going on, Oanda charged me 10 pips spread. HOWEVER, the spread was NOT 10 pips on the chart, nor on the trade window where you click to open a trade. This just happened again...not only did they get me for a NON-TRANSPARENT 17 pip spread, but when I closed...
I would rather not play the devil's advocate, but are you sure your platform does not show an actual spread? I see it everywhere!

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  • #6,864
  • Jul 26, 2022 3:05pm Jul 26, 2022 3:05pm
Quoting mcquak
{quote} See this link (below) OANDA Europe Limited | Disclosures | OANDA {image} On the other hand, I've known that Oanda is a market maker for a long time. They are known for it in the industry. Here is a definiton of Market Maker. market maker - FCA Handbook market maker (1) (except in COBS and DTR) (in relation to an investment) a person who (otherwise than in his capacity as the operator of a regulated...
Yes, we all know Oanda is a Bbook and this doesn't answer my question.

I want to know who exactly is moving against my positions that I enter with Oanda.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #6,865
  • Jul 26, 2022 3:24pm Jul 26, 2022 3:24pm
Quoting H13
{quote} Yes, we all know Oanda is a Bbook and this doesn't answer my question. I want to know who exactly is moving against my positions that I enter with Oanda.
Oanda is counterpart of all your positions. What do you mean by “who is moving against my positions”? Do you think there is someone manipulating with price, aiming your SL or what?
  • #6,866
  • Jul 26, 2022 3:31pm Jul 26, 2022 3:31pm
Quoting mcquak
{quote} Oanda is counterpart of all your positions. What do you mean by “who is moving against my positions”? Do you think there is someone manipulating with price, aiming your SL or what?
It's very clear
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #6,867
  • Edited 1:42am Jul 27, 2022 1:23am | Edited 1:42am
Quoting H13
{quote} It's very clear
Then you have a very clear job in front of you.
Screen record alleged fake price movement along side of some third party charts real price movement that you trust and put it somewhere so we can all see.
Otherwise you are just making things up.
  • #6,868
  • Jul 27, 2022 7:07am Jul 27, 2022 7:07am
Quoting xy100
{quote} Then you have a very clear job in front of you. Screen record alleged fake price movement along side of some third party charts real price movement that you trust and put it somewhere so we can all see. Otherwise you are just making things up.
It's not what you think. The question was for Ton.

Appreciate it.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #6,869
  • Jul 28, 2022 12:39pm Jul 28, 2022 12:39pm
Is Oanda down again? I cannot connect to desktop Version...Mobile Phone works
  • #6,870
  • Jul 28, 2022 12:40pm Jul 28, 2022 12:40pm
Quoting JackintheBox
Is Oanda down again? I cannot connect to desktop Version...Mobile Phone works
It's down for me. Both the desktop and mobile platforms.
  • #6,871
  • Jul 28, 2022 12:48pm Jul 28, 2022 12:48pm
Quoting ICouldBWrong
{quote} It's down for me. Both the desktop and mobile platforms.
Now my mobile is back up.
  • #6,872
  • Edited 1:09pm Jul 28, 2022 12:52pm | Edited 1:09pm
This time, at least the Web platform works...

LE: Now the Web platform is down as well...

LE2: Now the desktop app is up again...
I am who I am
  • #6,873
  • Jul 29, 2022 7:11am Jul 29, 2022 7:11am
Quoting H13
Ton, Serious question....and I need an honest answer Who is trading against me and my positions that I place with Oanda?
Hi H13,
OANDA’s business model varies between the individual OANDA entities located across different geographies. For more information on the business model applicable to where you opened your trading account, you will need to contact our teams at [email protected].

Thanks
Ton O.
  • #6,874
  • Jul 29, 2022 7:12am Jul 29, 2022 7:12am
Quoting JackintheBox
Is Oanda down again? I cannot connect to desktop Version...Mobile Phone works
It seems like we had some downtime last night but it has been fully restored now. If anyone is having problems to login in, please let me know!

Ton O.
  • #6,875
  • Jul 29, 2022 8:54am Jul 29, 2022 8:54am
Quoting OANDA
{quote} Hi H13, OANDA’s business model varies between the individual OANDA entities located across different geographies. For more information on the business model applicable to where you opened your trading account, you will need to contact our teams at [email protected] ("[email protected]"). Thanks Ton O.
I'm in the US.

Really appreciate it if you're able to respond with more granularity Ton.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #6,876
  • Aug 2, 2022 11:58am Aug 2, 2022 11:58am
Quoting OANDA
{quote} It seems like we had some downtime last night but it has been fully restored now. If anyone is having problems to login in, please let me know! Ton O.
"Something went wrong, please try again later"
again!
  • #6,877
  • Aug 2, 2022 11:59am Aug 2, 2022 11:59am
Looks like OANDA is down...AGAIN.

Honestly, why can't you guys be more reliable?
Student of the Markets
  • #6,878
  • Aug 2, 2022 12:00pm Aug 2, 2022 12:00pm
Quoting OANDA
{quote} It seems like we had some downtime last night but it has been fully restored now. If anyone is having problems to login in, please let me know! Ton O.
Your account has been blocked due to multiple failed login attempts. Please check your email for instructions to unblock your account. If you don't remember your password, reset it now

Honestly- never ever did I see so much down time as Oanda offers
  • #6,879
  • Aug 2, 2022 12:04pm Aug 2, 2022 12:04pm
Quoting dchristi
Looks like OANDA is down...AGAIN. Honestly, why can't you guys be more reliable?
Wonder why. Remember every time an OANDA client loses $, guess who makes that same amount on the other side of the table?
Granted though, people might change things, that if left unchanged (due to the server being down),could end up in a better result later.
  • #6,880
  • Aug 2, 2022 12:08pm Aug 2, 2022 12:08pm
Quoting cuchuflito
{quote} Wonder why. Remember every time an OANDA client loses $, guess who makes that same amount on the other side of the table? Granted though, people might change things, that if left unchanged (due to the server being down),could end up in a better result later.
Agree 100%. And OANDA suspiciously seems to have its technical issues at times when their clients need their broker (a real broker, that is) the most.
Student of the Markets
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