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  • #3,281
  • Jan 6, 2013 5:56pm Jan 6, 2013 5:56pm
Quoting Pipcatchu
no phone bill, no cellphone bill.

i dont get anything mailed to me which is service... water, power, internet everything goes in the rent.. same paper. I get this via email. they dont accept this.

I dont get any paper from my bank, everything goes to my internetbank via autogiro. On my internetbank my adress is nowhere to be seen, which is one of the requirements...
You can always ask your bank for a printed document stating that you're a client of theirs and that your address on an official bank letterhead. They usually do this for free where I live.

Don't know what else to suggest. I've never needed more than a photocopy of my government-issued ID and a bank statement (with all but the bank's info and my address blacked out,) to open an account.
FXGears.com
  • #3,282
  • Jan 6, 2013 6:48pm Jan 6, 2013 6:48pm
Quoting Pipcatchu
no phone bill, no cellphone bill.

i dont get anything mailed to me which is service... water, power, internet everything goes in the rent.. same paper. I get this via email. they dont accept this.

I dont get any paper from my bank, everything goes to my internetbank via autogiro. On my internetbank my adress is nowhere to be seen, which is one of the requirements...
lol, sounds like you living off the grid or something. Where are you located if you don't mind me asking?
NocturnalFX is no longer offering commercial services
  • #3,283
  • Jan 6, 2013 7:12pm Jan 6, 2013 7:12pm
Quoting TPOTrader
lol, sounds like you living off the grid or something. Where are you located if you don't mind me asking?
The batcave obviously... so my advice to him is to register for his account as Bruce Wayne instead of batman... durr, worlds greatest detective? doubt it.
  • #3,284
  • Jan 7, 2013 2:51am Jan 7, 2013 2:51am
Hi there,

it would be great if OANDA could integrate the function that you can type in the percentage of your account that is risked on the trade. Of course after the SL has been set.
For example EUR/USD account size 10.000$, SL 20pips, percentage one would risk on this trade: 1% ==> trade size 500.000 units
  • #3,285
  • Jan 7, 2013 12:42pm Jan 7, 2013 12:42pm
lol, the only cave i live in is my mancave.

I live in Sweden, i hardly get any mail at all. And when it comes to the bank they only send their stuff to my email. Its a student apartment so power, internet etc etc is included in the rent. Dont need drivers licence, subway works fine. Cellphone i just go to the closest kiosk and buy the refill.

Story of my life hehe

anyhow! i called the bank and asked them to send the account statement, hope it works.

Thx for the help
  • #3,286
  • Jan 8, 2013 5:25am Jan 8, 2013 5:25am
i got accepted, it all worked out fine.
  • #3,287
  • Jan 8, 2013 7:13am Jan 8, 2013 7:13am
^^ No Benefit what so ever. I think Oanda has a problem dealling with different types of clients and their volume. Spreads have been consistently higher over time and no benefits comes to clients.
  • #3,288
  • Jan 9, 2013 2:24am Jan 9, 2013 2:24am
somewhere within the last few weeks oanda changed its spread from a fixed one to a permanently changing one.

in average the spread is more wide not than before.

will they keep this permanently now like that?

if yes its time to search for another provider... (and i say this after being a happy customer for years...)
  • #3,289
  • Jan 9, 2013 2:44am Jan 9, 2013 2:44am
Quoting metrodream
somewhere within the last few weeks oanda changed its spread from a fixed one to a permanently changing one.

in average the spread is more wide not than before.

will they keep this permanently now like that?

if yes its time to search for another provider... (and i say this after being a happy customer for years...)
I traded with oanda for a few years but took my money out a while ago. The reason? They don't care about their american clients.

Just look how they are pampering their european and asian clients and give them more instruments to trade etc.

American customers get the "bread and water" treatment but when is time for sticking us with their variable spreads they lose no time in doing it.

Now with their spreads jumping around like crazy is impossible to know exactly what price you are paying to trade.

Oanda should leave America!!
So, you think you have rights? LOL
  • #3,290
  • Jan 9, 2013 5:45am Jan 9, 2013 5:45am
Anybody know why Oanda change to dynamic spreads?
  • #3,291
  • Jan 10, 2013 2:08am Jan 10, 2013 2:08am
Oanda's EURUSD spreads has gone up way too much. What the hell is going on here?

The cost to trade with Oanda since they implemented this new dynamic spread will force me to leave. And I'm just starting out with them.

I recorded this just a few minutes ago-the times when it should've been in the 0.6-1.2 range.

Inserted Video
NocturnalFX is no longer offering commercial services
  • #3,292
  • Jan 10, 2013 3:13am Jan 10, 2013 3:13am
Quoting TheGrind
It looks like "dynamic spreads" are the new norm at Oanda. I noticed this this week. The spread will "flicker" up and down during the day for no reason (or no reason on the news release calendar). It appears the days of getting .9 on EUR/USD with Oanda are over. Mostly it's 1.2, sometimes 1.1, but never lower than that for any length of time.

http://fxtrade.oanda.com/why/spreads/recent

It's a shame. I've been with them for 8 years and all I see are other brokers lowering and lowering spreads.
I'm glad more people are finally seeing this. I was wondering if it was just me. Dynamic spreads are ok, if your spread is .3 to .8. Oanda saying their dynamic spreads are good for "us" is bullshit. Now I constantly watch the spread, and even when I click to trade, I swear, I always get a higher spread than what I just saw.
  • #3,293
  • Jan 10, 2013 3:15am Jan 10, 2013 3:15am
Quoting zktier
Anybody know why Oanda change to dynamic spreads?
I brought this up a few weeks ago... guess a lot of people didn't know, or didn't care.
  • #3,294
  • Jan 10, 2013 3:19am Jan 10, 2013 3:19am
Quoting metrodream
somewhere within the last few weeks oanda changed its spread from a fixed one to a permanently changing one.

in average the spread is more wide not than before.

will they keep this permanently now like that?

if yes its time to search for another provider... (and i say this after being a happy customer for years...)
Yes, this is called "dynamic spreads" it's supposed to the "SO GOOD FOR OUR TRADERS" (FROM OANDA).

Basically they are fcking everyone over with high "dynamic" spreads.
  • #3,295
  • Jan 10, 2013 3:54am Jan 10, 2013 3:54am
Quoting TheGrind
Yes, this is called "dynamic spreads" it's supposed to the "SO GOOD FOR OUR TRADERS" (FROM OANDA).

Basically they are fcking everyone over with high "dynamic" spreads.

I think they fuc... screw themselves with this policy, with the competitors offering more and more better conditions for trading with low spreads and low commissions, oanda just shot itself in the foot.

I think they should create a ecn account to fight the competitors, but with so many brokers doing this its impossible this strategy didn't cross their minds,instead they double their spreads and added a inconsistency for the trader because he/her will never know if will pay a good spreads or overpriced spreads, specially for scalpers this is very important.

If they don't change this soon I don't see a good future for oanda. Hell I don't see a future at all for oanda. Which is a shame because between the market makers their were the best, and a nice starting point for someone how wanted to initiate in forex with only 20$ to just try and feel the market.
  • #3,296
  • Jan 10, 2013 4:24am Jan 10, 2013 4:24am
Oanda is trying to pull a quick one on their clients. With spreads jumping around like crazy nobody will be able to call them and complaint about slippage anymore.

In other words, you never know precisely how much you are paying to trade.

That spread volatility used to be only around news but the greedy Oanda decide to stick to their customers full time. I'm so glad I'm not with them anymore.
So, you think you have rights? LOL
  • #3,297
  • Jan 10, 2013 5:36am Jan 10, 2013 5:36am
Looks like the spread has settled a bit to "normal" range since I posted this-maybe they saw it and adjusted it lol

I'm going to start recording the spread at start of my trading session in my trading journal-if you wish to come by please do.

If this high spreads continue for majority of the times, I will move-thinking of MBtrading
NocturnalFX is no longer offering commercial services
  • #3,298
  • Jan 10, 2013 12:49pm Jan 10, 2013 12:49pm
Forex factory provides a live spread page - http://www.forexfactory.com/brokers.php#spreads - if you are looking to compare spreads. You will see OANDA is generally competitive if not lower than most brokers. I believe it is a general industry move towards dynamic spreads - OANDA was just a little late to the party.
  • #3,299
  • Jan 11, 2013 9:07am Jan 11, 2013 9:07am
Quoting pemully
how do you guys calculate position size for cfds eg.corn,natgas.

lets say I want to risk 2% based on volatility.

any help appreciated.


anyone to assist?

thanks.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #3,300
  • Jan 11, 2013 9:23am Jan 11, 2013 9:23am
Quoting TPOTrader
Oanda's EURUSD spreads has gone up way too much. What the hell is going on here?

The cost to trade with Oanda since they implemented this new dynamic spread will force me to leave. And I'm just starting out with them.

I recorded this just a few minutes ago-the times when it should've been in the 0.6-1.2 range.

http://www.youtube.com/watch?v=61TAl...ature=youtu.be
higher than norm spread usually indicates lower liquidity, if spread is an important factor to your trading system, it may be wise to select an ecn broker, spread is generally very low with true ecn brokers, problem is if you are a low volume trader, commission cost gonna bite your chunk of profit
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