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OANDA Discussion

Lacunoide, Oanda has a quite "custom" MT4 setup and they don't calculate the swaps the same way as other brokers. Swaps are charged/paid by oanda for the REAL time you hold the position (second by second), not once every night for a whole day. So, swaps do NOT appear in Oanda's MT4 list of instruments.

Swaps are published on their website. There is the interest calculator you found, but you can't find CFDs in it (http://fxtrade.oanda.co.uk/analysis/interest-calculator)
Or, you can use their Historical rate calculator, which gives you the actual rates too, of all products: http://fxtrade.oanda.co.uk/analysis/historical-rates
Quoting Mevo
Lacunoide, Oanda has a quite "custom" MT4 setup and they don't calculate the swaps the same way as other brokers. Swaps are charged/paid by oanda for the REAL time you hold the position (second by second), not once every night for a whole day. So, swaps do NOT appear in Oanda's MT4 list of instruments. Swaps are published on their website. There is the interest calculator you found, but you can't find CFDs in it (http://fxtrade.oanda.com/analysis/interest-calculator) Or, you can use their Historical rate calculator, which gives you the...
Ok, thank you!
Buy at the Low, Sell at the High You make money by waiting not by trading.
Quoting OANDARep
Hello Traders, My name is Greg and I will be able to respond to any questions or inquiries that you might have regarding OANDA, our products and services. Please feel free to reach out via the forums or PM. Cheers,
Who offers a trading journal/ analysis program that imports Oanda trading history other than My FX Book? Thanks.
hi, mevo I've read about your theoretical price comment regarding oanda. So the difference in ngas price from oanda from Oct 26- to current date is due to this? Their highest price had been capped at 2.25 while lowest is at around 2.05.
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Hi Iris, my post was about the SWAP, not the PRICE. That's market making on low trading (at the broker level) products in all its beauty, aka: Push the price in the opposite direction of the customers' trades. I don't know who is manipulating the price and who has the correct price in your example (if one of the 2 indeed has the "correct" price)
Thanks Mevo for your reply. As you can see I am new to trading. The reason is asked about it is because of their reply which I'm quoting, "
“We derived our price of natural gas by discounting the near future to form current theoretical cash price. If the chart from fxcm refer to the spot price then this explain why the price can be different. The spot market price and liquidity as compare to future market can be different. Hence this explain why the price will be different”. The discrepancy in price only occurred during Oct 26 to current date. There is no problem with the previous dates. I compared it with other charting websites. Thanks again.
No problem Iris, we have all been new at one point. The chart you posted doesn't reflect that: If their explanation was accurate, you would have a far more stable difference, with prices getting closer towards the future expiry date (that's a month or a quarter depending on the product). This explanation can NOT explain big differences that occur on short period of times (hours or days).

Now, I looked again at your picture: What really attracted my eyes is your second circle and the last candle up from FXCM (last circle). Maybe the last candle doesn't appear on the right chart (the time at which the 2 pictures have been taken is not the same) ? And it seems to be a DAY chart, what can explain SUPPOSED differences is the SERVER TIME which may be different from the 2 brokers ? Thus every day candle doesn't represent the same period of time between the 2 brokers ? You may want to check this.
Quoting OANDARep
Hello Traders, My name is Greg and I will be able to respond to any questions or inquiries that you might have regarding OANDA, our products and services. Please feel free to reach out via the forums or PM. Cheers,
Hi

Do you have any comment regarding Naddmer's findings: http://www.forexfactory.com/showthre...16#post8539916 ?
Quoting olsen-yersen
{quote} Hi Do you have any comment regarding Naddmer's findings: http://www.forexfactory.com/showthre...16#post8539916 ?
What is there to comment about? Oanda is well known to widen the spread around news time. You even can look it up on their homepage. It's repetitive and you can expect it, it has nothing to do with "spread robbing" they increase their spread but offer a guaranteed execution of your order at the next available tick meaning they guarantee liquidity during volatile markets (You won't have much slippage in their fx pairs).
Their bashing would have an end if they actually read what is written on the homepage. You are able to see the maximum spread occurred on their homepage which will indeed show the real value.
Kilian, it's sad when people get so used to bad behavior that they start to find it acceptable.
It has nothing to do with "spread robbing" ? So, all the people with their stop hit, maybe just because of the spread widening, and filled at a worst price (the "correct Oanda price) because of the spread widening, should be happy ? It's for sure an interesting way to see things.

Oanda guarantees NOTHING. The fact that your past experience showed you that "usually" you had little slippage (on THEIR price inflated by the bigger spread) doesn't guarantee anything. If there is a big price movement, they may even "halt" the trading on the pair pure and simple like they did on the CHF pairs mid-january 2015, or fake a "technical problem" and forbid anyone to even access their account, like this thread is full of examples (As a long loyal customer of Oanda, I didn't want to believe it in the past and I have defended them too)
Most of the allegations made against a broker to rob their account is just another reason people find to make someone else responsible for their failure.
I didn't say people should be happy once their stop got hit but if they educate themselves before trading it would not have happened. If you do a little research beforehand you would have seen that placing a stop with this broker is not a good idea. If you don't like the conditions you are dealing with find another company you want to do business with but blaming them afterwards is just a no go and will take you nowhere in life.
Ignorance was never and is no excuse!

Please show me a company who haven't had issues during the CHF event. I can only speak from experience and their platform never froze during news releases or when I had big positions open. Yes there was a small disconnect once or twice but I haven't had any position open nor did I want to trade during that time so it's not like they "emulated those freezes" to rob me. Even high availability systems don'T guarantee an uptime of 100% and they schedule their system maintenance in advance.

If you look around my last few posts I also speak about measures to control if brokers manipulatre the price feed and I am always looking for different brokers to split the risk of unforeseen event happening but complaining about spread increase with Oanda is the same thing as trying to sue your car dealership because your gas runs out eventually after you bought your car.
Who said they failed BECAUSE of Oanda's practices ? Who blamed Oanda afterwards ? What the hell are you talking about ???
"do a little research beforehand" => That's the reason why their behavior should be exposed so that people know it BEFORE, and find the information in order to go with another company, rather than having to find out by themselves (maybe the hard way).

CHF: EBS and Interactive Brokers for no problem at all. ThinkForex and FxPrimus with little problems (some gaps only). That's only for those I have seen with my own eyes with a live account. Oanda = A nightmare, but they are the ones bragging the most about how "great" they have been, by extremely well choosing their wording. Quite amazing.

"complaining about spread increase with Oanda is the same thing as trying to sue your car dealership because your gas runs out eventually after you bought your car"
Your point is that spread increases above normal levels, HAVE TO be expected, even if they don't happen with other brokerages. And saying it would be a good idea to be aware of it and maybe rather go with the good brokers is totally idiot ?

Who complained again ? I only see people showing facts as they are and one.... I don't even know what point he's trying to make.
'Yes there was a small disconnect once or twice but I haven't had any position open nor did I': Oh, I guess I see, it's all about *YOU*. the other persons aren't important.
This isn't a "my failures are all Oanda's fault" rant. I can make bad trades all by myself without Oanda's help

I have been trading with Oanda for a few years now and have always been satisfied with the deposit/withdrawal functionality. In addition, trade execution has been fine and I feel that my money is safe. However, in the past month I have experienced 3 different mysterious spread blow ups that took out my SL to nearly the exact pip.

Let me just say, I accept the expected huge spreads during news events, or during the Asian session, or other times of low liquidity, but I am not ok with these "mysterious" and seemingly instantaneous spread blow ups when it is during normal New York market liquidity, when there are NO news events and NO other pairs have any spread blow up at that time. In addition, I have checked a couple of other platforms and they don't have any spread blow up at that time for the same pair.

Managing risk is top priority for all traders but Oanda has made it nearly impossible to implement trades within certain parameters. For instance, how can one initiate a 5 lot trade with a 30SL - 60TP when you know that in a nano second, for NO apparent reason, the spread can blow up 30 pips and then a second later the spread and price are back to the original level. All 3 times the blow up took out my SL nearly to the pip, probably just a coincidence.

I think it is time to look for another broker. I have looked at a lot of these broker threads and read many reviews but just can't seem to find a broker for US traders that stands out as a good option. Any advice would be appreciated.

Anyways, here is the screen shot from this morning of the latest "mysterious" spread blow up
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"Pride always comes before destruction...." -Proverbs 16:18
Quoting Expo33
Anyways, here is the screen shot from this morning of the latest "mysterious" spread blow up {image}
Do you have the time as in time zone on that AUDNZD? Looks like NY Cut 10:00 am Eastern?
Quoting R19
{quote} Do you have the time as in time zone on that AUDNZD? Looks like NY Cut 10:00 am Eastern?
It was actually 1pm EST, I live on the west coast
"Pride always comes before destruction...." -Proverbs 16:18
US 2-year note auction - would have seemed like an impacting event looking at other pairs. Maybe a big order hit the market.
Quoting R19
US 2-year note auction - would have seemed like an impacting event looking at other pairs. Maybe a big order hit the market.
Thanks for your insight, plausible, but I'm not buying it.

I am assuming "big orders" are fairly common in the course of the days events. Certainly hard to trade with any confidence if you know this can and will happen at the flick of a switch. Never happened to me anywhere else, and as I said, no other pairs exhibited any reaction and the same pair on other platforms had no such reaction.
"Pride always comes before destruction...." -Proverbs 16:18
hello, why is that every time I try to fund my acct with Oanda keeps coming with a error massage. I'm located in the USA and try everything to fund with my debit card with no luck. Any help will be appreciated
Quoting Egarcia74
hello, why is that every time I try to fund my acct with Oanda keeps coming with a error massage. I'm located in the USA and try everything to fund with my debit card with no luck. Any help will be appreciated
Hard to say for sure. I am assuming all of your numbers were typed in correctly. Have you had a recent address change?
"Pride always comes before destruction...." -Proverbs 16:18
Quoting R19
US 2-year note auction - would have seemed like an impacting event looking at other pairs. Maybe a big order hit the market.

APOLOGIES - Should be been ' US 2-year note auction - would NOT have seemed like an impacting event looking at other pairs. Maybe a big order hit the market.?' It's been a very long day.
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