OANDA fxUnity - Anyone tried it? | Forex Factory

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OANDA fxUnity - Anyone tried it?

  • #1
  • First Post: Apr 4, 2012 11:16am Apr 4, 2012 11:16am
OANDA has a new online platform, fxUnity. It works differently than most platforms I've seen.

I opened a demo account with it, and basically when using this platform, the trader is trading currency "baskets". So you pick a currency, like EUR, and you're trading a basket of that currency vs. other major currencies.

It's interesting, and I'm just going to play with the demo for awhile.

Anyone else using this, for live or demo? What do you think of it?
  • #2
  • Apr 4, 2012 3:48pm Apr 4, 2012 3:48pm
Haven't tried due to the fact that OANDA europe doesn't allow he to join at the moment, But I love the concept of Baskets, AS LONG as we can modify them as some baskets (in my view) are overweighted to certain currencies. Or that we can make our own baskets and index them at 100 at a set time. I would absolutely love this.

Either way looks good.
  • #3
  • Apr 4, 2012 8:31pm Apr 4, 2012 8:31pm
Will check it out later, but did they provide more info, details?
If so, feel free to post it here and thanks.
  • #4
  • Apr 5, 2012 5:27am Apr 5, 2012 5:27am
Sounds interesting..
  • #5
  • Apr 5, 2012 8:39am Apr 5, 2012 8:39am
Thanks for taking an interest in OANDA'S new trading platform - fxUnity http://fxunity.oanda.com/

We are working actively to continue improving the product, and all of your feedback will prove a tremendous help when working to determine
which new features we should prioritize in the future.

For those of you in Europe or Asia, please note that we are aiming to have fxUnity available in all divisions in the coming months. Further,
all users can still open a free demo account at any time:
https://fxunity.oanda.com/your_accou...er/game/signup.
  • #6
  • Apr 5, 2012 8:50am Apr 5, 2012 8:50am
Quoting AEsparza
Thanks for taking an interest in OANDA'S new trading platform - fxUnity http://fxunity.oanda.com/

We are working actively to continue improving the product, and all of your feedback will prove a tremendous help when working to determine
which new features we should prioritize in the future.

For those of you in Europe or Asia, please note that we are aiming to have fxUnity available in all divisions in the coming months. Further,
all users can still open a free demo account at any time:
https://fxunity.oanda.com/your_accou...er/game/signup....
Oh! Look who is here! A Oanandian.

Why you guys don't fix your constant disconnections and platform freezes before spiting lame new products to the market?

Oh, hold on, I know why not. Thats because you guys make a killing with it. Right?

I'm soooo glad I'm not doing business with you guys anymore.
  • #7
  • Apr 5, 2012 9:30am Apr 5, 2012 9:30am
Hi QuadrupleX,

Platform stability is our primary concern at OANDA. When there are technical issues they are addressed and there is never a hidden agenda or OANDA manipulating those issues to our benefit.

The new fxUnity platform gives traders a new option to trade currencies with the same goal as fxTrade to provide traders the best trading environment.
  • #8
  • Apr 5, 2012 9:37am Apr 5, 2012 9:37am
Quoting AEsparza
Hi QuadrupleX,

Platform stability is our primary concern at OANDA. When there are technical issues they are addressed and there is never a hidden agenda or OANDA manipulating those issues to our benefit.

The new fxUnity platform gives traders a new option to trade currencies with the same goal as fxTrade to provide traders the best trading environment.
Yep, I know! I traded with you guys for 4 frigging years and I lost count of how many times I heard that "platform stability is you guys main concern" yet the platform never performs.

It kind of reminds me when people from the government says that " a strong dollar is their main policy", LOL !
  • #9
  • Apr 5, 2012 4:04pm Apr 5, 2012 4:04pm
Pre-made baskets... this is awesome!

Too bad I do see any info on when this is coming to Oanda Canada (*sadface*)
FXGears.com
  • #10
  • Apr 6, 2012 5:40pm Apr 6, 2012 5:40pm
Quoting AEsparza
Platform stability is our primary concern at OANDA. When there are technical issues they are addressed and there is never a hidden agenda or OANDA manipulating those issues to our benefit.
RIGHT. lol

QuadrupleX is right. This is like a car build with a deliberate problem in the engine, but instead of working on that the manufacturer introduces some new cool option distracting clients from the real issue.
  • #11
  • Edited 10:58pm Apr 6, 2012 10:35pm | Edited 10:58pm
It seems that oanda has created their own version of Dollar Index, Yen Index, Euro Index etc, and asked us to trade this newly created index. Those basket indexes derived from oanda internal calculation only and there is no other place to verify if the value is valid, unlike normal currency pairs, we can straightaway refer to other ECN feeds for official quote. We are also unable to modify the basket composition as it is fixed by oanda. Those new oanda "indexes" should be act as a reference only and not for trading. I suggest Oanda let us customized the weightage and composition of currency pairs for each basket. Eg, my own Dollar basket only has Eur/Usd and Aud/Usd, so as I long the basket, Oanda just long Eur/Usd and Aud/Usd according to the weightage I set.
  • #12
  • Last Post: Jun 7, 2012 6:51am Jun 7, 2012 6:51am
I dont quite understand the concept of this fxunity , are they trying to make something like zulutrade? But you cant really see any statistics , no performance history of traders. You just copy manually some random trades..?
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