....For long positions, your account will be debited the basis rate plus a 2.5% admin fee. For short positions, your account will be credited the basis rate minus a 2.5% admin fee (which could result in a charge where the basis rate is less than the admin fee)....
That's why we have to pay so huge swap costs now. Do you remember what was the previous administration fee that Oanda charged before that change?
Don't bother to ignore me since I'm already on your ignore list along with another 660 traders Being ignored when I never replied to any of your comments and never put a dislike on any of these comments is very odd to say the least. Since I could not send you a pm since I'm on your ignore list please tell me here why I'm being ignored for all the see? I hope you don't want to ruin your reputation by not answering these two simple questions.
By the way I have been with FF for 10 years this April and I don't have anyone on my ignore list since I respect the opinions of everyone. Geez I must be like TraderSing and need medical help
Yo.... i understand about being ignored without commenting or interacting with someone - still dont understand why, but I digress.
I've been relatively happy with oanda, though I have no experience with any other broker. Although, I am thinking about a change, not for service, but to trade other; they don't do metals in US.
Aside from their limitations, I've been relatively happy with oanda; good app and easy to use interface.
He use to put on ignore everyone who doesn't agree with him about crypto.
He's so consumed by hate that he's unable to have a dialogue with the people who can observe that bitcoin has ...some flaws
The funny thing is that he call Donnie J., Kimmie Unno, governments, bankers... stupid liars,
but he is the same magalomaniacal idiotic character. I have never seen a hypocrite like him in my whole life.
He's made of criminal mindset. A small Balkan crook. All anarchist rants and stupid anti-system fallacies, a crypto sick shill.
Of course he banned you only because you have posted some reasonable ideas about bitcoin on my thread
Yes, he's THAT stupid !
To me, the fact that one can trade with them in units is absolutely a winner. I trim my risk to the penny adjusting my position size, and yes, hedge..
When I try something new, I do it with real money, instead of demo, but risking 1 Euro, which is nothing, but it makes a difference as to trading demo.
And as for weird haters, such a waste of time, best is not to fall in the trap of even answering them...Time is so precious.
Also flirting with Oanda Algo Lab for quite some time now... have it on my to-do list, but some condition has to be fulfiled first.. I love their backtesting as far as 2004... But haven't used it for now...
Anyone checked/used their Algo Lab?
i been with OANDA for > 10 years now
The recent FIFO rules is really sucks
Now i cannot open multiple trade with same lot if an earlier unit with TP/SL still floating?
That does not even sound like what FIFO is suppose to meant
The old FIFO rule is fair, First in, first out. Closed your earlier trade first before closing the latest trade. No TP/SL bs there....
This new one is even tougher, new trades of same lot size cannot be opened if you still have same lot size with TP/SL yet to hit
(did someone made tons of millions from them using grid strategy )
Does it seems they forcing people not to use TP/SL anymore
hello thanks for the info...
i think i was with Oanda, the first generation. Before Asia Pac office even existed
i join Oanda circa 2005 around then. Never heard of mt4 yet that time.
Apparently those from that era, has hedging rules.
If i want no hedging, i was informed to register new account.
Im not worry about hedging, just the recent FIFO rules is really sucks.
Which other brokers you know having same FIFO rules about TP/SL?
Just got an email from Oanda.
Beginning in Q2 2020, we will be changing the way in which currency conversions of profits, losses and trading costs take place on the platform.
This means that trades you place on products which have a different base currency to your account currency will now incur a conversion charge. This charge is based on the prevailing mid-price of the applicable FX spot rate for the conversion, plus an additional spread of 0.5%. For example, placing a EUR/USD trade in a CAD based account your trade settles in USD and then it is immediately converted to CAD at the USD/CAD rate with the added 0.5% spread.
This charge is applied to profit & loss conversions and to any trade related cash booking applied to the account which is not in the account currency, for example:
You will receive additional details about this change and an updated Client Agreement in the coming weeks.
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