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  • #4,821
  • Dec 1, 2016 8:05am Dec 1, 2016 8:05am
I have not been able to log on to fxTrade for hours now. System returns "Invalid username or password" error. Tried changing the password several times and still not being able to connect.

Cannot talk to support since they don't have a support email and chat is offline as well - "All agents are currently offline" - even though it is Thursday and all markets are open. Emailed my "representative" at Oanda and still no reply.

I have never felt more helpless and vulnerable as a client to any broker. Anyone having this issue as well?
  • #4,822
  • Dec 1, 2016 11:04am Dec 1, 2016 11:04am
Quoting bvx
I have not been able to log on to fxTrade for hours now. System returns "Invalid username or password" error. Tried changing the password several times and still not being able to connect. Cannot talk to support since they don't have a support email and chat is offline as well - "All agents are currently offline" - even though it is Thursday and all markets are open. Emailed my "representative" at Oanda and still no reply. I have never felt more helpless and vulnerable as a client to any broker. Anyone having this issue as well?

Good luck! I'm a newbie shopping for a broker and I may just avoid Oanda
  • #4,823
  • Dec 1, 2016 11:08am Dec 1, 2016 11:08am
Quoting ~bull.bear~
I just subscribe demo account for V20 hedging, I cannot hedge position by using MT4 platform, as it shows error (Hedging is prohibited) on journal log there. Where can I switch on the hedging function?
Have you tried accessing the account from "manage funds"?
You may find its as simple as the "allow hedging" box hasn't been ticked.
Where price is now, it has been before, and will be again.
  • #4,824
  • Dec 1, 2016 8:47pm Dec 1, 2016 8:47pm
Quoting Jenx
{quote} Have you tried accessing the account from "manage funds"? You may find its as simple as the "allow hedging" box hasn't been ticked.
Ths. But i checked with their staff, they claimed that now they disallow hedging option on demo account.
  • #4,825
  • Dec 1, 2016 9:44pm Dec 1, 2016 9:44pm
Quoting bvx
I have not been able to log on to fxTrade for hours now. System returns "Invalid username or password" error. Tried changing the password several times and still not being able to connect. Cannot talk to support since they don't have a support email and chat is offline as well - "All agents are currently offline" - even though it is Thursday and all markets are open. Emailed my "representative" at Oanda and still no reply. I have never felt more helpless and vulnerable as a client to any broker. Anyone having this issue as well?
This is exactly what I mean. The NFA does nothing to stop this abusive behavior. Just reduce leverage, that will fix it.
  • #4,826
  • Dec 2, 2016 5:10am Dec 2, 2016 5:10am
Quoting bvx
I have not been able to log on to fxTrade for hours now. System returns "Invalid username or password" error. Tried changing the password several times and still not being able to connect. Cannot talk to support since they don't have a support email and chat is offline as well - "All agents are currently offline" - even though it is Thursday and all markets are open. Emailed my "representative" at Oanda and still no reply. I have never felt more helpless and vulnerable as a client to any broker. Anyone having this issue as well?
Same for me, can't login to FxTrade or on their webpage, can login only with MT4 account.
english isnt my mother tonque
  • #4,827
  • Dec 3, 2016 4:07am Dec 3, 2016 4:07am
Any ETA in regards to v20 becoming compatible with Trade Explorer? Someone else asked this back in July but it was never addressed.
  • #4,828
  • Dec 4, 2016 2:39am Dec 4, 2016 2:39am
Anyone else notice Oanda is SEVERELY lowering amount of leverage clients can trade with?


quote:
We will be increasing the margin requirement on certain currency pairs at the request of our regulator. During times of increased market volatility price movements can be significant leading to the potential for large profits, but also large losses. Effective Monday December 5th, 2016 at 5 pm EST the following margin changes will take place for both existing positions and new positions:

  1. JPY pairs from 3% (maximum leverage ratio of 33.3:1) to 4% (maximum leverage ratio of 25:1)
  2. NZD pairs from 2% (50:1) to 3% (33.3:1)
  3. USD/MXN from 6% (16:1) to 8% (12.5:1)

As a result of this change, you may need to close or reduce any positions you hold as appropriate in order to ensure you are not affected by a margin close out.

Alternatively, you may need to deposit additional funds into your account to prevent a margin close out, either as a new deposit or by transferring funds from a subaccount. The quickest method to deposit funds is via debit card backed by Visa or Mastercard. Please refer to our deposit policy for more information. This could reduce the risk of a margin closeout if you currently have an open position with higher levels of leverage and do not have enough funds in your account to cover the increased margin requirements on the impacted pairs. To determine the impact this change may have to your margin, you can use our margin calculator.
At the same time we will decreasing margin requirements specifically for:

  1. CHF pairs from 5% (maximum leverage ratio of 20:1) to 3% (maximum leverage ratio of 33.3:1)

If you have any questions, you can contact our Client Experience Team whenever markets are open.

Regards,
The OANDA Team

  • #4,829
  • Edited 2:54am Dec 4, 2016 2:44am | Edited 2:54am
JPY pairs are now limited to 25:1

Looks like I'm leaving the country...

Can Trump change this by repealing Dodd-Frank?

Margin call at $4,000 for 1 lot. They only like to let people who are already rich make any money.
  • #4,830
  • Dec 4, 2016 2:55am Dec 4, 2016 2:55am
Are the leverage changes only on U.S. accounts? I haven't noticed any issues on my demo account in the past week. In fact it's been a pretty good week since I started it several days ago.

Maybe you should all come over the pond and enjoy FCA regulation...
  • #4,831
  • Dec 4, 2016 8:46am Dec 4, 2016 8:46am
Quoting Grandcross
JPY pairs are now limited to 25:1 Looks like I'm leaving the country... Can Trump change this by repealing Dodd-Frank? Margin call at $4,000 for 1 lot. They only like to let people who are already rich make any money.
This is the most dead on statement I have read in a long time. If you research my previous posts, I was debating with a guy who claims to hold $300K in margin with FXCM to trade 3 million USDJPY. I told him I use an unregulated, offshore broker and if I use a 40 pip stop on that trade, I am risking 12K, so I only need 12K in margin and actually only 6K to open it if I wanted to use a 20 pip stop. Now since funds are not protected in any way in the US, there is no benefit to the trader. Unbelievably, he wanted to debate that I taking more risk being offshore although he was using $288K more than I was to accomplish the same exact thing. Yes, that is 288K, more money than the average American makes in 6 years sitting unnecessarily at risk with a US broker.
  • #4,832
  • Dec 4, 2016 8:48am Dec 4, 2016 8:48am
Quoting FiveK
Are the leverage changes only on U.S. accounts? I haven't noticed any issues on my demo account in the past week. In fact it's been a pretty good week since I started it several days ago. Maybe you should all come over the pond and enjoy FCA regulation...
Yep, only the US. They are "protecting" us.
  • #4,833
  • Dec 4, 2016 10:56am Dec 4, 2016 10:56am
Quoting pipmaster77
{quote} Yep, only the US. They are "protecting" us.
so which overseas brokers accept US traders? i want to take a look
  • #4,834
  • Dec 4, 2016 1:18pm Dec 4, 2016 1:18pm
Quoting pipmaster77
{quote} This is the most dead on statement I have read in a long time. If you research my previous posts, I was debating with a guy who claims to hold $300K in margin with FXCM to trade 3 million USDJPY. I told him I use an unregulated, offshore broker and if I use a 40 pip stop on that trade, I am risking 12K, so I only need 12K in margin and actually only 6K to open it if I wanted to use a 20 pip stop. Now since funds are not protected in any way in the US, there is no benefit to the trader. Unbelievably, he wanted to debate that I taking more...
Name the broker so we can all check if your statements are true.

Until you name the broker you are just talking sh!t.
Mark ... Everything you have been told is a LIE
  • #4,835
  • Dec 4, 2016 6:01pm Dec 4, 2016 6:01pm
Quoting spzd
{quote} Name the broker so we can all check if your statements are true. Until you name the broker you are just talking sh!t.
Every non Us broker offers 400:1 and 500:1 leverage. It's common knowledge, look at the ASIC regulated brokers, Dukascopy EU, Trader's Way, etc. There is a ton of them. Only the unregulated ones will accept US clients. Since US regulations offer absolutely no benefit to the trader, it makes way more sense to trade with an unregulated broker and keep 90% of your trading capital in your own bank until if/when needed.
  • #4,836
  • Dec 4, 2016 6:28pm Dec 4, 2016 6:28pm
Quoting pipmaster77
{quote} Every non Us broker offers 400:1 and 500:1 leverage. It's common knowledge, look at the ASIC regulated brokers, Dukascopy EU, Trader's Way, etc. There is a ton of them. Only the unregulated ones will accept US clients. Since US regulations offer absolutely no benefit to the trader, it makes way more sense to trade with an unregulated broker and keep 90% of your trading capital in your own bank until if/when needed.
You were talking about margin, now you are talking about leverage. Two completely different things. We all know you have an issue with US regs. I would love to see them changed myself. Unlike many I learned to deal with them. I think US traders who after this amount of time have not adjusted can not really trade. My opinion, but the continued insistence of being a pain kind of proves my point.

So, I say again, name the brokers. What are you afraid of. You come here constantly "lecturing" us how stupid we are, yet you always leave us with nothing. That gets you no support from most. Truth is, it gets old.

Leverage and margin are not the same, yet you often interchange them. Makes one wonder...
Mark ... Everything you have been told is a LIE
  • #4,837
  • Dec 4, 2016 6:52pm Dec 4, 2016 6:52pm
Quoting spzd
{quote} You were talking about margin, now you are talking about leverage. Two completely different things. We all know you have an issue with US regs. I would love to see them changed myself. Unlike many I learned to deal with them. I think US traders who after this amount of time have not adjusted can not really trade. My opinion, but the continued insistence of being a pain kind of proves my point. So, I say again, name the brokers. What are you afraid of. You come here constantly "lecturing" us how stupid we are, yet you always leave us with...
What ever leverage the broker offers determines the amount of margin required. You are kidding right? Leverage has nothing to do with risk, but absolutely the leverage offered by the broker determines the margin required. My TE clearly lists who I trade with.
  • #4,838
  • Dec 4, 2016 7:21pm Dec 4, 2016 7:21pm
Quoting pipmaster77
{quote} What ever leverage the broker offers determines the amount of margin required. You are kidding right? Leverage has nothing to do with risk, but absolutely the leverage offered by the broker determines the margin required. My TE clearly lists who I trade with.
Leverage is the "hypothetical" amount you may possibly be able to get. Margin becomes the actual amount you will get.

Thanks for answering the questions. Now the big one. Why do you insist on thinking you need to save all of us from these awful US regulated brokers. Would it not be best to just forget about us and make your millions with your 1000:1 broker.

Besides, with all your ranting of 300:1, 400:1, 500:1, you do not seem to be taking advantage of what they offer which leaves you not that much better than we are.

Attached Image


I'm done. I will no longer question your need to enlighten us. You have your own reason for continuing this charade. More power to you. Ciao
Mark ... Everything you have been told is a LIE
  • #4,839
  • Dec 4, 2016 7:50pm Dec 4, 2016 7:50pm
Quoting spzd
{quote} Leverage is the "hypothetical" amount you may possibly be able to get. Margin becomes the actual amount you will get. Thanks for answering the questions. Now the big one. Why do you insist on thinking you need to save all of us from these awful US regulated brokers. Would it not be best to just forget about us and make your millions with your 1000:1 broker. Besides, with all your ranting of 300:1, 400:1, 500:1, you do not seem to be taking advantage of what they offer which leaves you not that much better than we are. {image} I'm done. I...
Yes, that would be best. You clearly don't get it. If a broker offers 50:1, you need 2% for margin, if they offer 100:1, you need 1%, if they offer 200:1, you need 0.5 %. Get it?

Of course, I do not use the full 500:1, otherwise I would be trading with 20 pip stops. The point I am making is if you trade offshore you only need to put up 10% of what you need with a US broker for margin to execute the same exact trade. This is due to the difference in leverage offered

So while someone in the US needs to deposit 10,000 with a US broker for margin, I only require 1,000. The other 9,000 remains in my bank account. I am still risking a % of the 10K, just not leaving it unnecessarily with a broker.
  • #4,840
  • Dec 4, 2016 9:10pm Dec 4, 2016 9:10pm
Quoting pipmaster77
{quote} Yes, that would be best. You clearly don't get it. If a broker offers 50:1, you need 2% for margin, if they offer 100:1, you need 1%, if they offer 200:1, you need 0.5 %. Get it? Of course, I do not use the full 500:1, otherwise I would be trading with 20 pip stops. The point I am making is if you trade offshore you only need to put up 10% of what you need with a US broker for margin to execute the same exact trade. This is due to the difference in leverage offered So while someone in the US needs to deposit 10,000 with a US broker for margin,...
It's not that I don't get it. It's I'm not going to waste my time with that bullshit. You are more concerned with how much is in your bank account than actually trading as far as I can tell. The reason I'm done is the back and forth with you is the same as with a prog. Nothing comes of it.

When you graduate to trading other instruments and your leverage is at best 20:1 then you know you have become a real trader. Retail forex is a game. Similar to a casino.
Mark ... Everything you have been told is a LIE
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