OANDA Discussion

Currenex - let me know if anyone is interested, i have a good contact for anyone that is interested.

My platform also freeze, No movement on the price,price no updating,but suddenly close my trade. After 15minute it start to move very fast.what kind of platform is this? Like everybody said they prevent you from making money. They also use alot of other tactic.

i had the same problem yesterday with mbt . i was showing 1.2692 on the thier lousy navigator i enter short it show me rightaway -105 dollars . as a matter of fact other broker were at 1.2773 ( im talking euro ). i wait until it is + 5 dollars i said i will close this trade and i close it they took from my account -173 dollars !!! i call to complain he said yo know the market change fast .
i closed my account today and asked to withdeaw the money .

It seems to me(I have traded with half-a-dozen Broker(Oanda included) and I have noticed when a Broker is doing poorly(or not as good as yesterday)they tend to play w/feed(and platform)to quickly close the gap on a "bad"day.It is problem that only their customers can fix-LEAVE !!! I only keep a "trading minimum" in my accounts and withdrawal often(profits). Even after u beat the market-u still have to beat the broker!The biggest Brokers are the BIGGEST offenders. Never give a Broker a second chance to "rob"u.

oanda is great relatively compared to others...note the emphasis on "relatively.

Is it possible that there is no movement on the price because there is no movement on the market? Is it also possible that it will start to move very fast after 15 minutes?

How do they prevent you from making money? Can you elaborate on the "other" tactics they use?

I'll try to remain impartial here but to summarize it, can you back up your claims?

Same issues happening again tonight, feed updating sporadically and the charts are actually moving two candlesticks instead of one (when it does update anyway).

Technical Support; "Everything is fine on our side. Are you logging in from the website or the desktop login utility?"

Me: "The website login."

Technical Support: "I would suggest downloading the desktop login utility and logging in from there, that is your problem".

Me: Heck, I did not even know how to respond to that so I just closed the chat window.

Me after the chat session, before a jack and coke:

Me after the jack and coke (or several maybe):

EDIT: Noticed the breakouts I missed on the demo feed I am watching, yahoo

oanda always breaks when the trend changes or something happens...

some pictures... of what can you expect in oanda...

Oanda always come up with some "issue" when price is moving.... ALWAYS !!!!!!! Just go to another broker

I already signed up for another broker yesterday and told myself if this happened again I would withdraw from Oanda and switch.

Dang I love being able to trade in units, but whats the point if I can't even trade?

I told myself the same...
looking for another broker... but still don't know which one... do you have any recommendation?

I like to tell people trading forex is not the same as gambling but being on Oanda I'm not sure I can say that anymore.

I'm very upset as well - and I'm a fanboy.

BUT: Oanda will honor all sl and tp orders as usual.

But overall Oanda doesn't look that good the last days...

I agree, I really love everything about Oanda, except the platform the last few weeks...

But everyone says you should approach forex likes it's a business, and when a vendor starts messing with your business' ability to make money changes have to be made.

I'll keep my account open with them, hopefully they fix things, but the need for a backup broker has been made very clear these last few days with Oanda.

...they've just reimbursed 79 pips of slippage during the fiasco yesterday. Happens again, i'm gone.

Hi Jimmy Jones, I have the same problem ,when I live chat with them ,
it difficult for me to reach them,then after I reach them I have to wait for 20minute .After 20minute they told me it was technical problem.

They are adjusting the price,I demand them to open back my trade,they said they can't . sent them the screen shot , ect... I have to go front Dest to report . AFter I report ,they said it the technical problem, if this thing happen I have to disconnect and reconnect the platform. That way I still have time to execute my trade earlier. I tell you they always give the same excuse ...".technical problem ". I'm looking for other brokers, some expert post in google and other site about the con and pro about Oanda . After you read it you will stay away from it ,no bluffing.

So fade up with them, will other brokers also like that?

I look at 5minute chart .the candle should be moving , they is no movement ,how you explain this? When I login there will popup in correct username and password. Oh"'I'm very familier with my username and password , now it said incorrect. Then the platform is incomplete . Sometime the top part will dissapear ,I can't look at the trade and price , this is on and off ,is this enough for me ????

I'm not explaining this or anything else for that matter. Just consider that I'm on Oanda as we speak and don't have any problems.

My suggestion is to go on their live assistance chat and not to ask them any questions. Just make them aware of this thread.

CC,

Ya know, I don't like to think of myself retarded, just sometimes a little bit dense.
I can't quite comprehend why so many people are putting up with the blatent bullshit
being lathered upon them at Oanda. They were at one time one of the best retail MM operations
available to small traders and those with aspirations to become traders.

No need to enumerate the mishaps of late. If you actively trade thru the FXTrade platform,
you're well aware of the drawbacks that have recently become part of Oanda's corporate culture.
Although some would say they've always been a screwy louie. I would disagree.
They used to be very reasonable, most of the time, even under tough market conditions.

If Lehman Bros. leaving the liquidity pool has hurt Oanda's model this bad, what will happen
when Citibank eventually has their come-upance for pissing off the government during the
recent bid for Washington Mutual assets/deposits, even though they clearly had a deal
and they were likely told shut up or else....but, I digress.......

Point is, if or when another big liquidity provider leaves the pool, will we be looking at
50 pip spreads across the board on a given weekday? Oanda clearly isn't prepared to lose
another provider (who is, really ?), they're just less prepared and their customers will
feel the effect more than even now.

BTW: that's just more bullshit. Another excuse to widen another 10 pips.

Now, I think it's only a matter of time before enough ppl with funds on deposit with Oanda
will decide, "screw this" and start draining that $100 million capital infusion received a few months back,
(that is if it's really still there and they haven't squandered it - I could give a shit
what the NFA net capital reports claim they have on the books, audited or otherwise.)

Worse events have befallen better companies than this and ruined them in short order.

I really hate to see this happen. I thought oanda was the exception to the rule that
all forex market makers are sons of bitches, but I know different now.

Warning to FXCM: You have a formidable competitor seeking your well deserved title
as biggest bucket shop in forex. With a little practice and effort, they may one day be the worst.

Final thought: I trully am sad to see them fucking people around as of late and I really wish things
could go back to the way it was when they just screwed with people enough to make you crack a smile.
It's not funny anymore. For those affected, it's REALLY not funny. Wouldn't trade size with them ever.

What does being on Oanda as we speak have to do with the problems that were encountered on Tuesday and Wednesday?