Any Successful trader here using Oanda? | Forex Factory

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Any Successful trader here using Oanda?

  • Poll

  • Please only vote if you fit the "successful" definition below
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  • #1
  • First Post: Edited 2:06pm Jul 29, 2008 1:32pm | Edited 2:06pm
I've considered opening an account with Oanda. However, after some research, I've come accross some rumors that Oanda has one of the worse reputation for broker manipulation. Rumor is that if you are an "under performing" trader, they'll pretty much leave you alone and your trades are executed in a timely fashion. However, once you become "successful", the manipulation starts: bad fills, no fills, requotes, etc...

Hoping to clear up this rumor (since everything else I read about Oanda has been good), I was hoping to have a poll here: Are there any "successful" traders in here? Let's define "successful" as someone who is trading fulltime and/or is making enough money for a decent living. (Even if you're winning trades right and left, they won't care if you're trading in micro lots, so I won't count "consistently winning" as a factor in being "successful" in this case. You would have to be trading size too...)

Also, If you've been successfully trading with Oanda for more than 2 years, I'd love to hear about your experience.

Thanks!
Dahlia
Money missed is better than money lost
  • #2
  • Jul 29, 2008 3:52pm Jul 29, 2008 3:52pm
Are you joking?

Every successful trader would never use oanda.
ForexFactory SUCKS.
  • #3
  • Jul 29, 2008 8:52pm Jul 29, 2008 8:52pm
may i know why? i tought oanda is one of the largest broker
  • #4
  • Jul 30, 2008 5:00am Jul 30, 2008 5:00am
http://forexfactory.com/showthread.php?t=96414

http://forexfactory.com/showthread.php?t=95296
  • #5
  • Jul 30, 2008 5:06am Jul 30, 2008 5:06am
You need to have an option for "Successfully traded with Oanda - Hated it. Manipulation out the wazzoo. Closed my account and went to an honest bucketshop"
  • #6
  • Jul 30, 2008 8:22am Jul 30, 2008 8:22am
Quoting lostinspace
You need to have an option for "Successfully traded with Oanda - Hated it. Manipulation out the wazzoo. Closed my account and went to an honest bucketshop"


So... I'm guessing that you'd fall the closest to category #2? Thanks for your input and the links.
Money missed is better than money lost
  • #7
  • Jul 30, 2008 12:01pm Jul 30, 2008 12:01pm
u can go to Oanda's forum and ask the many successful traders there.................

if Oanda were to delete your thread or ban you from the forum, well you know the answer.............
  • #8
  • Jul 30, 2008 1:59pm Jul 30, 2008 1:59pm
Quoting findcount
u can go to Oanda's forum and ask the many successful traders there.................

if Oanda were to delete your thread or ban you from the forum, well you know the answer.............
Actually, I had thought about doing that, but I didn't know how many "plants" they have in their forums...
Money missed is better than money lost
  • #9
  • Jul 30, 2008 11:55pm Jul 30, 2008 11:55pm
the forum is quite honest, look for answers from those senior guys there
  • #10
  • Aug 2, 2008 2:38pm Aug 2, 2008 2:38pm
Oanda will trade against you...
will give different quotes to different accounts...
will slippage you and requote you if they will decide that...

If you know to make money ,you'll make them.... but they will try to stop you.
  • #11
  • Aug 2, 2008 3:19pm Aug 2, 2008 3:19pm
Shrug. Noticed a few questionable price feed issues here and there, but they've never adversely effected me. Most of these issues are related to news releases, so I wouldn't use them if I traded around news times... but I don't, so it's mostly good.

I think a lot of people just want to blame their broker for their failures.
  • #12
  • Aug 2, 2008 5:05pm Aug 2, 2008 5:05pm
If you still have qualm about Oanda, then why don't you just use other broker and stay away from Oanda?

The fact that Oanda has the biggest capital among MMs may notwithstanding, because..hey, who knows...maybe their "plants" whom have deposit so much money in order to make Oanda a broker with the biggest capital?
  • #13
  • Aug 2, 2008 11:52pm Aug 2, 2008 11:52pm
Oanda is the most trusted broker out there. If you think they might be manipulative, you might as well just quit currency trading altogether.
  • #14
  • Aug 3, 2008 12:21am Aug 3, 2008 12:21am
Quoting Dahlia
I've considered opening an account with Oanda. However, after some research, I've come accross some rumors that Oanda has one of the worse reputation for broker manipulation. Rumor is that if you are an "under performing" trader, they'll pretty much leave you alone and your trades are executed in a timely fashion. However, once you become "successful", the manipulation starts: bad fills, no fills, requotes, etc...

Hoping to clear up this rumor (since everything else I read about Oanda has been good), I was hoping to have a poll here: Are there any "successful" traders in here? Let's define "successful" as someone who is trading fulltime and/or is making enough money for a decent living. (Even if you're winning trades right and left, they won't care if you're trading in micro lots, so I won't count "consistently winning" as a factor in being "successful" in this case. You would have to be trading size too...)

Also, If you've been successfully trading with Oanda for more than 2 years, I'd love to hear about your experience.

Thanks!
Dahlia
if you want to loss your money trade with oanda and no matter if you use stop loss or not they will hunt you down and take your moneyt .
if you still want to try them i advice you to try them with maxiumum of 1000 nor less and see by your self
  • #15
  • Aug 3, 2008 3:34am Aug 3, 2008 3:34am
Quoting truthy
Oanda is the most trusted broker out there. If you think they might be manipulative, you might as well just quit currency trading altogether.
Oh my God, I'd be intrigued to know the logic behind that comment!

truthy, a week ago you were asking how to show min/max on an Oanda chart, don't you think it would be better to have just a little more experience of Oanda behind you before issuing categorical statements like that?
  • #16
  • Aug 3, 2008 4:44am Aug 3, 2008 4:44am
Quoting Rabid
I think a lot of people just want to blame their broker for their failures.
You think???
Hahahaha
I made more 1000% in few weeks.
(Sorry Oanda .This is part of the game.)
They tried all the tricks to take money back ...
People who intend to open an account with Oanda have the right to know even the "dirty games" of this bucket shop.
If they belive or not ,will be their choices.
But in the same time is my choice to tell them what is possible to find at Oanda.
So, if you can :HIT AND RUN
  • #17
  • Aug 3, 2008 12:50pm Aug 3, 2008 12:50pm
Quote
truthy, a week ago you were asking how to show min/max on an Oanda chart, don't you think it would be better to have just a little more experience of Oanda behind you before issuing categorical statements like that?

This categorical statement is based on years of reading currency forums prior to trading. Oanda is the most trusted broker, no question about that. Once again, that doesn't mean there won't be problems, but if you think they are out to get you and won't let you turn/withdraw a profit, just quit currency trading altogether because your paranoia will obviously never be satisfied by any broker/ECN.
  • #18
  • Aug 3, 2008 1:11pm Aug 3, 2008 1:11pm
U can believe it or not i trade with oanda with great results since 1,5 year.
They let me triple my account in less than half year.
I didnt notice stop hunts as someone suggest.Many times my sl has been missed by 1pip and onada didnt use it against me.Sometimes they hunt me down by 1pip with spike but only because i put sl badly when i checked qoutes from other broker and comparing to oanda's ones results will be the same.
Small spreads and leverage manipulation is big advantage of this broker.
Try to play in longer term then you wont give them possibilities to hunt you down
  • #19
  • Aug 3, 2008 1:12pm Aug 3, 2008 1:12pm
Maybe you should have added .... trading with Oanda, no complaint.
Same Whore .... Different Dress
  • #20
  • Aug 3, 2008 2:00pm Aug 3, 2008 2:00pm
Quoting truthy
This categorical statement is based on years of reading currency forums prior to trading. Oanda is the most trusted broker, no question about that. Once again, that doesn't mean there won't be problems, but if you think they are out to get you and won't let you turn/withdraw a profit, just quit currency trading altogether because your paranoia will obviously never be satisfied by any broker/ECN.
Oh right, you read it on an internet forum so it must be true, of course. I'm taking it you do realize that more than 90% of these people are losing money and haven't got a clue what they're doing? No wait you're not so naiive to just believe anyone, I bet you only believed the ones who said they were profitable or those who said they'd doubled and trebled their account in a matter of weeks.

No need to quit trading my friend, just quit trading with dishonest bucketshops is all you need to do.

I very much doubt you will understand the issue in this thread, maybe one day huh

Happy trading, be lucky!
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