OANDA Down? | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Oanda users - Oanda widening spreads 62 replies

OANDA Canada vs OANDA Corp. 4 replies

Oanda down??? 3 replies

Oanda down again? 21 replies

oanda Down? 7 replies

Attachments: OANDA Down?
Exit Attachments

OANDA Down?

  • #161
  • Mar 2, 2014 9:36am Mar 2, 2014 9:36am
Come on, what does it really change to know EXACTLY what happened ? It happened, it happened. It IS unfortunate (and I am an Oanda customer). Now Oanda says that "We take this matter very seriously and are working with our network providers to add additional resiliency to our network connection", which I guess is fine. It is their best interest to do that it doesn't happen again, unless they want a lot of customers to close their account (including mine, should it occur).

They told they were taking it seriously, and they will do what is needed. Now, you either trust them, and you will see, or you don't and you close your account right away (which can be understood too). But please, give them a break, knowing all the details won't help us in any way.
  • #162
  • Mar 2, 2014 10:48am Mar 2, 2014 10:48am
Its a matter of fact that the average retail trader is rather bad at trading. They dont even need any tricks or unethical behaviour. If clients only push the buy/sell buttons often enough, inevitably most of the cash will end up in their pockets anyways. The few capable traders are just cost of doing business and/or will be hedged. For the bigger firms, like Oanda, Gain and so on, the reputational damage from shady behaviour would greatly outweigh the shortterm gain. Small, offshore mt4 dealers may indeed do this, i dont know, although i have never used one of those.

The often-read notion on boards like this, that if only clients could find a good broker they would make tons of dollars, is - kindly speaking - ridiculous.
  • #163
  • Mar 2, 2014 11:29am Mar 2, 2014 11:29am
Quoting shrike
The often-read notion on boards like this, that if only clients could find a good broker they would make tons of dollars
Love it

In life in general, people like to consider that whatever bad happens, it's always 100% someone else's fault. Hey, that's convenient: Just imagine who's fault it would mean it is, otherwise ? Not acceptable...
  • #164
  • Mar 2, 2014 5:45pm Mar 2, 2014 5:45pm
Quoting LizardGizzard
{quote} Any proof of that silliness? In the past six months, I've never been unable to access fxtrade until the other day. Seems a total anamoly in my experience.
LOL!! Your post proves only one thing....you are not profitable!! Profitable traders are disconnected very often. Loser don't
So, you think you have rights? LOL
  • #165
  • Mar 2, 2014 5:51pm Mar 2, 2014 5:51pm
Quoting Mevo
{quote} I don't think so. It's not like this kind of issue is common with Oanda. To my knowledge, it's the first time since years and years. And doing such a thing would cost them far more than what they would earn from it. It's not even sure they would profit from it on the short term: Just think about all the spread lost because no new trade was opened during this 2 hours. And they have to honor T/P and S/L one way or another: If it hadn't been automatic, they would have had to correct it afterwards, no real choice there. My opinion is that it...
Not common issue? So lets see....I trade with oanda since 2005. Yep the times when Michael Stumm would come to Oandas forums in flesh and bone to explain why they got disconnected. they ALWAYS disconnect you on high volatility times. Now if you always lose money they may let you stay connected because it does not make any difference for them.
So, you think you have rights? LOL
  • #166
  • Mar 2, 2014 5:55pm Mar 2, 2014 5:55pm
Quoting ForexOracle
{quote} LOL!! Your post proves only one thing....you are not profitable!! Profitable traders are disconnected very often. Loser don't
Congratulations. Besides proving that you are illiterate, you've also posted the dumbest thing ever on FF. Way to go.
There's always money in the banana stand.
  • #167
  • Mar 3, 2014 1:38am Mar 3, 2014 1:38am
Quoting LizardGizzard
{quote} Congratulations. Besides proving that you are illiterate, you've also posted the dumbest thing ever on FF. Way to go.
Well my English is less than perfect....no doubt about that. But I can express myself in 5 languages. How many languages you speak? So....you get the picture!! Your profile says " hobby trader" and that's the most perfect description you could give about yourself.

While I try to perfect my English go become a trader boy!!
So, you think you have rights? LOL
  • #168
  • Mar 3, 2014 2:22am Mar 3, 2014 2:22am
Quoting ForexOracle
{quote}I trade with oanda since 2005. (...)
they ALWAYS disconnect you on high volatility times
Damn, who stays so long (2005 you say ? You "TRADE since", not you "TRADED" or "was used to trade" ?) with a broker which "ALWAYS" disconnect you in high volatility times ?
Just for others who read this, I'm, like many, a pretty long time Oanda customer, and that's NOT true (at least in my experience)

If a broker wants to cheat on customers, and a lot do (on different scales), they are several ways to do that like price manipulation, spread manipulation, execution manipulation (Virtual dealer power !), or on high scam level: Creatig trades on the customer's account or closing some, forbiding a customer to modify or close some trades (I went there, thank you Exness, lol), etc, etc ...

But shutting down the whole platform for everyone (All platforms, including all websites and even emails) and claiming there is a FALSE issue isn't something a broker of the scale of Oanda can do. Maybe a small scam broker with 5 customers and only 2 who have trades could do this, not Oanda.

Shutting down only selected customers ? The ones with the trades you don't want to see modified or closed. Yeah, why not, but I don't believe it (again, not on the Oanda scale).
Now, if Oanda was entering such a scheme (which I didn't experience in the past years) it would mean that they won't be in business for very long, because you really would need to be in a desperate position to do this (We're talking of one of the biggest and oldest market maker around)

About Exness (which scamed me in the past), funny thing is that they seemed to have the same problem according to a forum threat which I am subscribed to here on FF. So Oanda wasn't the only broker to have this ...And what I learned from that Exness' experience in the past was: If you feel that a broker is scamming you or playing dirty inacceptable tricks: LEAVE (early !)
  • #169
  • Mar 3, 2014 3:03am Mar 3, 2014 3:03am
Quoting Mevo
{quote} Damn, who stays so long (2005 you say ? You "TRADE since", not you "TRADED" or "was used to trade" ?) with a broker which "ALWAYS" disconnect you in high volatility times ? Just for others who read this, I'm, like many, a pretty long time Oanda customer, and that's NOT true (at least in my experience) If a broker wants to cheat on customers, and a lot do (on different scales), they are several ways to do that like price manipulation, spread manipulation, execution manipulation (Virtual dealer power !), or on high scam level: Creatig trades...

As explained on other posts I changed my way of trading to cope with the issue. I trade with multiple brokers so I can hedge in case of one of them going down. Thats not a problem for me anymore. Now when people like Lizard trading a 100 bucks account come here to say oanda is perfect.....well than I have to say something.
So, you think you have rights? LOL
  • #170
  • Mar 3, 2014 3:29am Mar 3, 2014 3:29am
Quoting ForexOracle
{quote} As explained on other posts I changed my way of trading to cope with the issue. I trade with multiple brokers so I can hedge in case of one of them going down. Thats not a problem for me anymore. Now when people like Lizard trading a 100 bucks account come here to say oanda is perfect.....well than I have to say something.
IMO, NEVER do that (adapting to a broker you feel is playing games with you). This is exactly what made me loose big money wth Exness. I adapted to their manipulations, and at the end, I have been unable to withdraw my funds, pure and simple.You either trust a broker, or you don't (then withdraw immediately if you still can).

Oanda isn't perfect, but you would say that they shut down their platform (for some customers only ?) on purpose ? Or because of technical issues (too often !?) Are you talking of MT4 (which I use) or FxTrade (I never used it)
  • #171
  • Mar 3, 2014 3:51am Mar 3, 2014 3:51am
Quoting Mevo
{quote} IMO, NEVER do that (adapting to a broker you feel is playing games with you). This is exactly what made me loose big money wth Exness. I adapted to their manipulations, and at the end, I have been unable to withdraw my funds, pure and simple.You either trust a broker, or you don't (then withdraw immediately if you still can). Oanda isn't perfect, but you would say that they shut down their platform (for some customers only ?) on purpose ? Or because of technical issues (too often !?) Are you talking of MT4 (which I use) or FxTrade (I never...
Any broker.Let me repeat...ANY broker. Will give you a hard time if you start to make an withdraw a decent amount of money regularly. So you have to work with multiple brokers. thats what I meant by "adapting"to the brokers tricks. Commission brokers are better but at the end of the day they are all in the competition side.
So, you think you have rights? LOL
  • #172
  • Mar 3, 2014 4:24am Mar 3, 2014 4:24am
Quoting ForexOracle
{quote} Any broker.Let me repeat...ANY broker. Will give you a hard time if you start to make an withdraw a decent amount of money regularly. So you have to work with multiple brokers. thats what I meant by "adapting"to the brokers tricks. Commission brokers are better but at the end of the day they are all in the competition side.
This is NOT true. Believe it if you want, but only bucketshops and scam brokers act like this. (I agree there are a bunch around)
Legitimate brokers hedge what is needed to, and they are just very happy if you earn big money, and trade bigger. It will only make them earn more too.

If you believe what you tell, and I agree there are things to make you believe that, just go with exchanges where the broker doesn't take any trade or any risk related to/against traders, like LMAX for example. Or go trade on the FUTURE market: There are plenty of FUTURE broker that only make their money with the commission you are paying (which is the case of LMAX too on spot FX)

Or just continue to think what you are claiming and enter in the category of people described by "Shrike" 1 page before ...
  • #173
  • Mar 3, 2014 9:25am Mar 3, 2014 9:25am
Quoting ForexOracle
{quote} As explained on other posts I changed my way of trading to cope with the issue. I trade with multiple brokers so I can hedge in case of one of them going down. Thats not a problem for me anymore. Now when people like Lizard trading a 100 bucks account come here to say oanda is perfect.....well than I have to say something.
Firstly, I would never knowingly criticize someone for simply attempting to express themselves in a language that is not their mother tongue. I didn't realize that. That being said, I must still conclude that you are either "numbers" illiterate or at the least, ignorant, since I'm obviously not trading a $100 account, and also, I never said OANDA is perfect. but they are certainly not the scam that you paint them to be. I've traded with them for years have made sizable withdrawals with no problems.

I've traded futures and forex since the early 2000s with many brokers, one of which actually WAS a real commodities bucket-shop and was shut down by the government. In that case, I actually got my entire lost 4K account back several years later from a lawsuit, but in truth, I felt guilty because I would have lost that money at any legitimate brokerage any way. I had no clue what I was doing and shouldn't have traded in the first place. Point is, if I make or lose money, the only person to blame is ME.

Real traders don't go around blaming others for their consistently waning account balance.
There's always money in the banana stand.
  • #174
  • Mar 3, 2014 4:09pm Mar 3, 2014 4:09pm
Quoting Mevo
Come on, what does it really change to know EXACTLY what happened ? It happened, it happened. It IS unfortunate (and I am an Oanda customer). Now Oanda says that "We take this matter very seriously and are working with our network providers to add additional resiliency to our network connection", which I guess is fine. It is their best interest to do that it doesn't happen again, unless they want a lot of customers to close their account (including mine, should it occur). They told they were taking it seriously, and they will do what is needed....

It is exactly the issue of trust -- trusting in the future that a similar situation won't happen again.

Without knowing what happened, or what has been done or will be done about it, how can OANDA customers possibly have confidence that a similar situation won't arise in some future high volatility situation.

You say either trust them, or not.

I say let them earn their customers' trust. Give customers the facts about what happened, and why it won't happen again in the future.
Student of the Markets
  • #175
  • Mar 3, 2014 4:16pm Mar 3, 2014 4:16pm
Quoting LizardGizzard
{quote} Firstly, I would never knowingly criticize someone for simply attempting to express themselves in a language that is not their mother tongue. I didn't realize that. That being said, I must still conclude that you are either "numbers" illiterate or at the least, ignorant, since I'm obviously not trading a $100 account, and also, I never said OANDA is perfect. but they are certainly not the scam that you paint them to be. I've traded with them for years have made sizable withdrawals with no problems. I've traded futures and forex since the...
Oh...sorry you trade a 8K account!! Which is as laughable as a 100 buck account!!! When you start to trade a REAL account come talk to me ....BOY
So, you think you have rights? LOL
  • #176
  • Mar 3, 2014 5:11pm Mar 3, 2014 5:11pm
Quoting ForexOracle
{quote} Oh...sorry you trade a 8K account!! Which is as laughable as a 100 buck account!!! When you start to trade a REAL account come talk to me ....BOY
Hey Mister the Oracle (lol), just curious, why don't you provide us a link to a myfxbook account or similar, or publish here as Lizard ? I'm already pretty impressed by his account, so yours... I guess I'm gonna be astonished ! I bet we won't see anything, and that seems a really safe bet to me
  • #177
  • Mar 3, 2014 10:52pm Mar 3, 2014 10:52pm
Quoting Mevo
{quote} Hey Mister the Oracle (lol), just curious, why don't you provide us a link to a myfxbook account or similar, or publish here as Lizard ? I'm already pretty impressed by his account, so yours... I guess I'm gonna be astonished ! I bet we won't see anything, and that seems a really safe bet to me
Ok, Mr Mevo ( the noob)!
Lets say I take the risk and open my account to FF through Trader Explorer. Mr Mevo, the Lizard and other will see my account size and profit %.What benefit do I get from the transaction? Prove myself to some noobs in a internet forum?!? Oh man you are giving yourself way....WAY more importance than you should. I come here and I say what I think. Honestly I couldn't care less about you and what you think.If you don't agree, believe or care about it ! Move forward and read other posts instead of reading mine I can also safely bet that my account , life, family or anything that matters to me will not be affected by it. Got it?
So, you think you have rights? LOL
  • #178
  • Mar 4, 2014 3:42am Mar 4, 2014 3:42am
Thank you for confirming what everybody had already guessed. (And seems I won my bet)
I 100% agree with what you wrote and I would totally respect that you don't want to publish anything if you weren't bragging so much (you speak 5 langages, trade with Oanda since 2005 when at the same time a 8K account is "laughable", etc...) and constantly attacking others and calling them "noobs", "losers" and so on, just to get some attention. Poor boy. (On top on that, you make silly statements about oanda or brokers in général)

What's sad is that you're the kind of a.h. that makes interesting people leave forums because they get sick of it.

This will be my last answer to you.
  • #179
  • Mar 4, 2014 3:59am Mar 4, 2014 3:59am
Quoting Mevo
Thank you for confirming what everybody had already guessed. (And seems I won my bet) I 100% agree with what you wrote and I would totally respect that you don't want to publish anything if you weren't bragging so much (you speak 5 langages, trade with Oanda since 2005 when at the same time a 8K account is "laughable", etc...) and constantly attacking others and calling them "noobs", "losers" and so on, just to get some attention. Poor boy. (On top on that, you make silly statements about oanda or brokers in général) What's sad is that you're the...
Ohhh!! Don't be sad Mevo. I just don't like noobs speaking about what they don't have a clue ( brokers), feel free not to believe, read or answer my posts!! By the way don't enjoy FF less because of me!!
So, you think you have rights? LOL
  • #180
  • Mar 4, 2014 6:35am Mar 4, 2014 6:35am
Thanks, Mevo, for proving what we inevitably KNEW was going to happen. And of course, no one NEEDS to have a trade explorer or myfxbook page….though if one is going to rant like an immature moron, then it certainly helps to be able to back it up.

The only reason I have one is to keep myself honest and POSSIBLY to add credence to my posts (though it definitely doesn't guarantee it ). Right now, my trading is going well, but I'm also quite willing to suffer the humiliation of losing publicly because either way, it might be helpful for others to see and for me to be accountable, as I navigate the forums. (We're all here to learn and share, right?) And I'm not really sure what the harm is. I trade 17 pairs and am not worried about anyone copying trades because again…who cares? I don't' think my trading style is terribly transparent, but if any one else benefits, then great. And also, no one can just yank money out of my trading account without me knowing. Besides, its only 8 thousand at the moment, which apparently is a "laughable" amount anyway. Sheesh.

Back to the point, OANDA's connectivity is usually fabulous…at least IMO on FXTRADE mobile and java. Hopefully, the service will only get stronger.
There's always money in the banana stand.
0 traders viewing now