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Starting with OANDA and bad leverage from them

Quoting StockKJay
I love using Oanda, and leverage is not an issue. I have my account set to 10:1 leverage. I will trade about 1/4 of the allowed units, which is about 2.5% of leverage on 100:1 if I am not mistaken. I wont touch the leverage setting, this way if I ever do something stupid I wont hurt myself too bad. :
Yup, and that's why OANDA doesn't even offer leverage higher than 50:1, because they don't want their clients doing something stupid...or so they claim.
It should be noted that Oanda's maximum leverage to OPEN a trade is 50:1. Once the trade is opened, then the required leverage to maintain said trade is 100:1.
  • Post #23
  • Quote
  • Edited 10:05pm Mar 31, 2012 5:42am | Edited 10:05pm
Keep asking for OTP password whenever we wish to log onto their platform. Iphone's chart is worse in Market and spreads kill trader during peak hour.
Why such company exist??????
OANDA has well reputation. Before, I also trade with them, but since my strategy need more than 1:50 leverages I moved to IBFX Aussie

As my understanding ( CMIIW ) , maximum leverages for NFA brokerages is 1:50 and do not allow hedging strategy.
  • Post #25
  • Quote
  • Last Post: Edited 7:52am Mar 31, 2012 5:59am | Edited 7:52am
Can you imagine i bid on Aud/usd and TP error by IGmarkets at offer eur/usd during spike??? it really a laughing and dangerous matter from Igmarket..lucky i bid when price moved upward which i gain 6,9k since i entry aud/usd 1.0552and close out by system due to "spike' on eur/usd 1.3552 by them. But only after 1hr, IG's customer officer write an email about "System Error" and ask to return $$. Since i already request for profits withdrew after checking my aud/usd TP position with confusion and surprise. what kinda of Platform is IGmarket?>??
NOTE: Immediately we withdrew all our $$ and closed our Account with IGmarket!!!!!!
CAUTION!!!!! EVERYONE!!!!!!!!!
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We believe that such Company Hedge our positions into the market everytime we trade to gain more profits...hmmmmm
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