Attachments: Can one go into debt with Oanda?

Can one go into debt with Oanda?

#1
First Post: Sep 14, 2010 9:58am Sep 14, 2010 9:58am

Cocoflanel
| Commercial User | Joined Mar 2010 | 450 Posts

Does Oanda say something about this ?

#2
Sep 14, 2010 10:19am Sep 14, 2010 10:19am

Forex37
| Joined Oct 2006 | Status: Trader | 611 Posts

Quoting Cocoflanel

Disliked

Does Oanda say something about this ?

Ignored

Yes, on therir website it says:

"The FXTrade platform automatically closes positions with a margin call before a customer’s losses can exceed their balance. Customers will never owe us money (we guarantee it in our customer agreement)."

Regards

Forex37

#3
Sep 14, 2010 10:46am Sep 14, 2010 10:46am

Cocoflanel
| Commercial User | Joined Mar 2010 | 450 Posts

Quoting Forex37

Disliked

Yes, on therir website it says:

"The FXTrade platform automatically closes positions with a margin call before a customer’s losses can exceed their balance. Customers will never owe us money (we guarantee it in our customer agreement)."

Regards

Forex37

Ignored

Thanks.

#4
Sep 14, 2010 8:27pm Sep 14, 2010 8:27pm

Slack
| Joined Aug 2009 | Status: Trader | 649 Posts

Quoting Forex37

Disliked

Yes, on therir website it says:

"The FXTrade platform automatically closes positions with a margin call before a customer’s losses can exceed their balance."

Ignored

I can confirm this is their policy and practice with firsthand experience