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Delayed withdraw issues

  • #21
  • Sep 20, 2008 9:52am Sep 20, 2008 9:52am
Quoting edward77
This guy is working with Oanda.
Lostinspace working for Oanda?

Not likely. Read his posts!


Lostinspace: By virtue of your post here, I now give your other Oanda posts much more weight.
  • #22
  • Sep 20, 2008 4:05pm Sep 20, 2008 4:05pm
Quoting billflet
Lostinspace: By virtue of your post here, I now give your other Oanda posts much more weight.
Oh cheers!

  • #23
  • Sep 21, 2008 12:01pm Sep 21, 2008 12:01pm
Quoting lostinspace
Ok, so now you've just made yourself look paranoid.

I quite obviously don't work for Oanda but if you really need any confirmation then read this thread

Asking Onada why they are reviewing your account or trading activity seemed like the obvious thing to do. If they aren't replying to your emails then raise a ticket here, where response times and Customer Service performance are tracked by management.
Who track so said management ?
  • #24
  • Sep 21, 2008 4:04pm Sep 21, 2008 4:04pm
How would a broker know the difference between a faster feed and luck or skill, and by faster feed ,do you mean a broker with main feed to the floor like e-signal?regards Jonmem
  • #25
  • Edited 7:31pm Sep 21, 2008 6:13pm | Edited 7:31pm
Quote
How would a broker know the difference between a faster feed and luck or skill, and by faster feed ,do you mean a broker with main feed to the floor like e-signal?regards Jonmem

Like scalping the difference between an ECN and a 3rd tier broker. And it's pretty obvious when it happens.
  • #26
  • Sep 21, 2008 6:42pm Sep 21, 2008 6:42pm
I know that when you withdraw alll your capital thet brokers have a time that they allow for accts to "settle".... I used MB trading in the past and they took 48 hours to release all fund (if you withdrew small amounts at a time the request we done that day).

I would assume that tis is just a standard feature with Oanda but it should only take a couple days to get the money not a entire week


good luck
M4X............ Hedging My Way To Profits!
  • #27
  • Sep 21, 2008 7:29pm Sep 21, 2008 7:29pm
Money attracts attention.

Small Money attracts small attention; Big money attracts big attention.

In your case, you got bigger money and that translate to bigger attention.

I think this is a cause for alarm. Last time I experience such, the broker went belly up after a few months later. I bet such broker withheld my money because they no longer have the money to pay off the clients.

I would withdraw all money if I were Edward. Call me paranoid, but I'd rather be the paranoid who have the money NOW than lose it. Better be safe than sorry.
  • #28
  • Sep 21, 2008 9:10pm Sep 21, 2008 9:10pm
I used to have an account with Oanda and I was able to withdraw about twice as much as I put in with no problems.

They have a very interesting business model. Its all automated. No sales traders that I am aware of.

The problem with their system is its all based on the math, which they are pretty good at, but sometimes you need market makers on the inside to facilitate execution.

The reason I left Oanda was during news releases those .9 pip spreads on EURUSD would fly to 10+ and then go yellow to the point where I could not trade even if I would be willing to eat the spread.

Although their spreads during "my real world" trading conditions was Below Par, I never had a problem getting money out from them..
  • #29
  • Sep 24, 2008 1:02pm Sep 24, 2008 1:02pm
krige, so over all the spread during "normal time" is still below bar, not as good as you thought?
  • #30
  • Sep 24, 2008 2:24pm Sep 24, 2008 2:24pm
I meant below par in the sense of less than suitable.
  • #31
  • Last Post: Nov 8, 2008 2:09pm Nov 8, 2008 2:09pm
Quoting edward77
I requested a withdrawal of my funds from Oanda, but the bastards refused to send me my money, I don't know why, is it because i made too much money? i got this email from them:

"Thank you for your email. Your account is being reviewed by management and we are unable to proceed with the withdrawal until the review is complete. We hope to complete the review as soon as possible."

they are thieves and criminals, now how can i get my money back?
Hi , did u took your money ?
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