Oanda stopped offering managed accounts program?

wow, Is this true? I assume today is not April, 1st.

edit:

confirmed with online rep, it's TRUE. Besides, I found their forum is dead,


How sad such a great company turned to this mess.

R.I.P Oanda

Really? After they have expanded to east Asia?

Hi Zkf,

There was an issue with the redirect link to the forum yesterday, however, this has since been resolved. We apologize for the inconvenience.

Thanks,
The OANDA Team

Did they really expanded the fxmanager program to Asia?

I got this response when I tried to apply for this.

@Oanda

Any comments on no more managed account program? This sounds ridiculous,as there are no major brokers on earth not offering this.

Regards,

Oanda's forum has been under a heavy multi-trolling bad publicity and overall insulting/post spamming attack in the last recent months and indeed anyway that forum was usually pretty much "dead" except for a few technical threads. They did a facelift and overhaul, but anyway, I think the guy is still popping up from time to time. Who knows who that may be.

On the other hand, being a FxManager myself, I could speculate by my own short-lived experience that they might have encountered some issues with the managers at the time of reproportioning clients' positions as this wasn't an easy task (despite the automation) and besides, the way the remaining positions were converted to their average price (technically / price-wise it is the same, but it can look scary to have a single averaged 10 lots position instead of 10 trades of 1 lot each. Not to the trader/manager, but from the clients' point of view.
Some might freak out, as mine did ...

This is only my own personal speculation, maybe they are probably turning the program down to fix any possible bugs and improve those overly complicated features so they can be more easily understood and implemented without ANY risks ...

Hi Everyone,

OANDA's Chief of Technology, Tony Savor had this to say on the recent decision to end this program:

“OANDA fxManager was one of our first platform extensions and there is no question it's been a good product for us. However, we're in the process of revisiting our overall product suite to ensure that everything we provide to clients meets strict internal standards for world-class innovation. As part of this initiative, a few products will be discontinued – fxManager among them. This allows us to focus our resources on next-generation product development to improve the trading experience for our clients.”

kinspk - The "expansion" in Asia-Pacific that has been brought up is likely to refer to the recent announcement that our Asia-Pacific division had moved to a larger officer to allow for increased operations and activity in the region overall.

Thanks,
The OANDA Team

Thanks for your comments, Oanda.

So I guess it's only end of this product, but not end of managed account program. Since you are developing the new one, could I make some suggestions:

1, Not only the proportion allocation for each clients, but also could set specific level (e.g, 10lots, 20lots) for each accounts.

2, Could you consider only disclosure pair and P/L to clients, to keep manager's trade from copied. Or other way to do the same thing.

Except this, I wish all other function remain the same with the current fxManager platform.

Regards,

http://forexmagnates.com/fcm-numbers-up-in-july-2012/

With new appointed CEO, the almost dead forum, no buzz around fxUnity, the decease of fxManager without alternative, Oanda was making too many mistakes.

One more time, bring Michael back!