Disliked{quote} you are correct, relative to what is on deposit with the broker, it would be 84.5%.Ignored
Thank you.
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Disliked{quote} you are correct, relative to what is on deposit with the broker, it would be 84.5%.Ignored
Disliked{quote} You're like the media. Just extract the part that makes you look correct, yet missing the entire point.Ignored
DislikedCan anyone give me a link to the official document with official wordage about the requirement to have a residential address on file?Ignored
Disliked{quote} This is almost certainly a regulatory requirement, and not specific to your broker. Forex Scam Alerts has a page on US forex regulations, but it doesn't mention this one specifically. It is probably related to anti-money laundering requirements that don't typically affect forex traders directly, so doesn't give a lot of coverage. I'll dig a little more and see what I can find, because I am curious.Ignored
QuoteDislikedKindly note that upon our regular review of your account, we are unable to continue servicing your account hence we require you to close off all your existing positions.
We are unable to provide further details in regards of your closure and would appreciate if you can withdraw all your funds. We seek your understanding and apologise for any inconvenience caused.
Our client experience team is here to help 24 hours a day from Sunday at 1 p.m. EST to Friday at 6 p.m. EST. If you have any questions, please do not hesitate to contact us.
Disliked{quote} belief, Are you saying Oanda forced you to stop trading with them because you made money? Is this the U.S. Oanda? or an Oanda outside the U.S.? I've never seen anyone here claim Oanda force them to close their account because of money they (the trader) made. I'm not saying it never has happened before, but I don't remember seeing anyone post about it before.Ignored
Disliked{quote} This is almost certainly a regulatory requirement, and not specific to your broker. Forex Scam Alerts has a page on US forex regulations, but it doesn't mention this one specifically. It is probably related to anti-money laundering requirements that don't typically affect forex traders directly, so doesn't give a lot of coverage. If a forex broker does not know your address, how can they really tell you are a legitimate trader, and not somebody running a money laundering scam?...Ignored
DislikedHey all, Could someone please remind me of how Oanda managed the CHF crisis a few months ago? Were trading balances allowed to move into negative territory? I'm wanting to get back in the game and am reviewing if I should abandon my current broker, FXCM? Regards, Andrew.Ignored
DislikedBased on my research, Oanda is a market maker i.e. they take the other side of the trade. Oanda is not an ECN. They rip off their clients by jacking up their spreads for any excuse they can find (even if the news is not for the pair you're trading) for 1 second. The spreads can increase by a factor of 100 (i.e. 3 pips to 300 pips) but normally they increase it by a factor of 10 - 20 (e.g. 10 pips to 150 pips). Your stop orders get hit. In fact, both your entry and exit stop orders get executed instantly when they do this. I have experienced this...Ignored