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OANDA Discussion

can you trade from trading view with this broker?
Quoting blvckuser
can you trade from trading view with this broker?
Yes you can, I do, it works fine!
Muni loves you all!
OANDA desktop continues getting worse.
Obviously, no interest form them in fixing it.
I keep it open all day, need to log in several times, every single day.
As soon as I make some more decent money I am out for good.
The only reason I am still with them is the freedom of adjusting my risk exactly.
So far so good, but the price you have to pay for the "benefit":
-Worst spreads.
-Worst swaps.
-Worst (astonishing!) weekend spreads.
- And last but not least, horrible trading platform in terms of stability!
I have another account with Ic Markets, I had zero, I mean zero issues with them for 2 years.
People at OANDA just don´t want to learn, that treating customers fairly is the way of making business in life, besides being more fun. I own my own company, my clients have fun, and I have fun... win- win situation.
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OANDA desktop update, should fix bugs right?
It just got worse, the old problems remain, and new ones show up.
TOTALLY UNACCEPTABLE!

I have an open trade, with a stop above BE.
I want to change my stop, and the dialog shows a totally wrong stop loss and TP value.
If I create a fake order, with exactly the same values, it gives me the correct numbers!!!!?????
Look at the pics!

Financing costs in the "activity" section, keep changing up and down for no reason. They actually show less (??) after only 1 hour.
We all know OANDA does not "pay interest" like in the good old days when they were more transparent, fair, and efficient.(I really tried to avoid using the word "honest").
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Quoting cuchuflito
OANDA desktop update, should fix bugs right? It just got worse, the old problems remain, and new ones show up. TOTALLY UNACCEPTABLE! I have an open trade, with a stop above BE. I want to change my stop, and the dialog shows a totally wrong stop loss and TP value. If I create a fake order, with exactly the same values, it gives me the correct numbers!!!!????? Look at the pics! Financing costs in the "activity" section, keep changing up and down for no reason. They actually show less (??) after only 1 hour. We all know OANDA does not "pay interest"...
Hey cuchuflito,

Thanks for bringing this to our attention. I'm copying your screenshots and sending them to the teams internally so we can investigate what is happening. I understand this is very frustrating! I'll post here if I have any updates.

Thanks,
Ton O.
Quoting cuchuflito
Look at the pics!
i did. and the values are calculated depending on the current rate..
pic one rate = 146.71 ... thats the current price .. and if it changes the values change..
pic two rate = 142.20 ... thats your order rate you dont changed it manually so the values stay the same..
Muni loves you all!
Quoting MuniFX
{quote} i did. and the values are calculated depending on the current rate.. pic one rate = 146.71 ... thats the current price .. and if it changes the values change.. pic two rate = 142.20 ... thats your order rate you dont changed it manually so the values stay the same..
SL or TP should not be calculated with the current rate, only on how it relates to entry price.
it shows the distance to the SL or TP ..
when the rate change the distance change..
this is the way oanda showed it since i use it (2008) so its not a new "problem", and for me it is not a problem

if you open an order it shows how it relates to the entry price.
by showing the distance to the SL or TP from the current rate you can see how much your balance will change.

if you are 100 pips up and your Sl is 10 pips and the price goes against you, the loss is not the SL but the distance to the SL
unrealized or not doesnt matter. you give away the distance to the SL.
Muni loves you all!
Ton can you comment on new changes to our accounts EU division only i think but could be wrong about that.
I am scared every time Oanda "improves" something because usually it means some limitation would be introduced.

What are margin changes on current accounts(for example GBP/USD is 3.3%now)
and will i be still access it with my REST API current and new accounts?
Hi!

Does Oanda has data about USDX in its platform?

Thanks!
Quoting Lbrto
Hi! Does Oanda has data about USDX in its platform? Thanks!
Hi Lbrto,

We do not offer data on USDX.

@xy100 - I'm still investigating your question internally and will reply shortly. Sorry for the delay.

Thanks,

Tom O.
Quoting OANDA
{quote} Hi Lbrto, We do not offer data on USDX. @xy100 - I'm still investigating your question internally and will reply shortly. Sorry for the delay. Thanks, Tom O.
Thanks!
OANDA down again??????????????
It ranslates to:
"There´s a mistake, try later"
Cool, thanks for the break, I have nothing to worry right??????????
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Quoting xy100
Ton can you comment on new changes to our accounts EU division only i think but could be wrong about that. I am scared every time Oanda "improves" something because usually it means some limitation would be introduced. What are margin changes on current accounts(for example GBP/USD is 3.3%now) and will i be still access it with my REST API current and new accounts?
Hi xy100,
Apologies for the delay in replying to your question.
There won’t be any impact on the API with the new HUB. Also, there is no change in margin rates - however, please note that as the leverage selector is no longer available you will no longer be able to select a lower leverage rate than the maximum prescribed regulatory rate.

Thanks,
Tom O.
Quoting OANDA
{quote} Hi xy100, Apologies for the delay in replying to your question. There won’t be any impact on the API with the new HUB. Also, there is no change in margin rates - however, please note that as the leverage selector is no longer available you will no longer be able to select a lower leverage rate than the maximum prescribed regulatory rate. Thanks, Tom O.
Good, tnx.
Oanda down now for me, anyone else? Queue number 39 waiting for helpdesk chat lol....

Edit: it's up now.. just another day as oanda user..
I can’t even get through to oanda this is frustrating . My usual login and I am locked out of my account. Anyone experience this? I have been waiting for 30minutes and no one is getting through on the telephone or web assistance
What is this. Now it’s ok but my position was not able to cut profit and I missed it. what is this. Please solve this issue come on
Hi Team,

I have really difficulties to understand the swaps.

Here an extreme example from today, 16th of November:

EUR/SGD:

long swap overnight per year:
-5.97%
short swap overnight per year:
-1.89%

How is this possible if you take just 1% admin fee for the swap if the current overnight rates are as follows?

Interest rates long on EUR currently on a big broker:
1.333%

Interest rates long on SGD currently on a big broker:
3.064%

For me that would mean for a short EUR/SGD position:

-1.333% - 1% = -2.333% for the eur
3.064% - 1% = 2.064% for sgd

Overall swap should be -0.269% and not -1.89%.

Please explain that in DETAIL and don't say it is because of the tom-next swap rates - I checked few of them and you can see my results above.

Same problem on EUR/HUF on short side:
Oanda Rate, 16th of November:
8.86%
Theoretical calculation:
>11% /should be (Euro: -3.33% / Huf: 15% > 11%)

Oanda is not the only broker who makes these quotes I have to say but that doesn't make it any better so please explain in Detail why the swap on that day was like that.
Anyway, on 16.11.2022 it was a 3-days swap...
I am who I am
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