Try hard, think fast, die young
- #2
- Apr 20, 2006 10:40am Apr 20, 2006 10:40am
- | Commercial User | Joined Sep 2005 | 1,118 Posts
LOL 
well done mate, never seen that before!
well done mate, never seen that before!
Lol...Do you have trades that have not settled yet? That might be the reason...
Try hard, think fast, die young
That sucks man. I noticed when trading it today that it only traded at like 5 prices on its way down. I would up with an extra 10 cents per oz when it blew through my TP.
You should have swapped positions, I pulled 200% return on balance in 5 minutes.
Something tells me Oanda took a beating today...
They resolved my balace, they made it 1$.
They paid me 3 cents interest, so I'm back in the bussiness
Try hard, think fast, die young
- #8
- Apr 20, 2006 10:34pm Apr 20, 2006 10:34pm
- | Membership Revoked | Joined Nov 2005 | 1,429 Posts
Well at least you know their not out to completely screw you.
This was the response of Oanda when I asked them about the possibility of having a negative balance at Oanda. I find this an excellent response!!
KT
Ticket Number: HD250017
Short Description: negative balance
Hello KT,
Thank you for your interest in FXTrade.
It is possible, but very rare. We have measures in place (margin calls) to prevent accounts from going negative, but if a currency or commodity moves a long way in one direction in a short period of time, a negative balance is possible. For example, a large price decline in silver today resulted in some negative balances.
Normally, in the case of a negative balance, you will not be required to deposit the amount you're negative unless you wish to maintain your account and continue to trade. If you wished to maintain your FXTrade account, you would have to deposit funds to cover your debit.
Today, several accounts went negative because of a silver crash. As a goodwill gesture, and because these type of events rarely happen, we credit all the affected accounts back to $1.
Please do not hesitate to contact us if you require further information.
Kind regards,
OANDA FXTrade Team (KS)
www.fxtrade.com
They lost some money, i think, but if they wouldn't credit the accout they whould have lost more on image. Many people lost yesterday, but many people got rich in the same time. I am sorry that i was in the wrong side, but i'm glad i didn't lost that much
I hope this won't happen again verry soon.
I don't think we can protect in situations like this. The best protection is not trading, but if you are in a trade?
What are the chances of this happening to currencies? It happend in '92, everybody knows. GBP moved 5000 pips.
Try hard, think fast, die young
- #13
- Last Post: Apr 21, 2006 8:28am Apr 21, 2006 8:28am
Yeap, received a same explanation.
They lost some money, i think, but if they wouldn't credit the accout they whould have lost more on image. Many people lost yesterday, but many people got rich in the same time. I am sorry that i was in the wrong side, but i'm glad i didn't lost that much
I hope this won't happen again verry soon.
I don't think we can protect in situations like this. The best protection is not trading, but if you are in a trade?
What are the chances of this happening to currencies? It happend in '92, everybody knows. GBP moved 5000 pips.