Disliked2- How much time did the transaction take (in and out from the account at oanda to the bank account)?Ignored
Oanda GM Discussion 0 replies
Oanda users - Oanda widening spreads 62 replies
Oanda order filling discussion 6 replies
OANDA Canada vs OANDA Corp. 4 replies
Euro/Dollar discussion 9 replies
DislikedDepends on your own country's banking service. And whether you use the same bank as your broker or not.Ignored
DislikedWidening of the spread around news is not a trick it is called THE SPOT FX MARKET. They are registered and one of the biggest companies in the US/CA. They do accept egyptians.Ignored
Dislikedi still dont know what you mean... you can post in arabic if you want I can read that if that helps...Ignored
Dislikedis there any thing onada do like this can harm a long term trader?Ignored
DislikedWhat is everyones thoughts on OANDA brokerage. They seem to have a low pip spread and seem reputable. Any feedback would be appreciated.Ignored
DislikedConnection problems ,server down...very often.Slipage on open , close and stop loss..Ignored
DislikedConnection problems, yes, but probably Internet access in my own country. Server down... I don't know. Slippage...never. But that's not what make me concern.
This is my concern:
Both ATC and Alpari use lot as well as units in trade, where 0.1 lot is equal to 10,000 unit or $100. And the value of 1 pip for that lot is $1. So if you have $300 margin and trade $100 of it, you have roughly about 100 pip risk tolerance. You have to lose almost 100 pip to get margin call.
At Oanda, $100 is not equal to 10,000 unit, only 2,556 units. So, if you have $300 margin and trade $100 of it, you also have roughly about 100 pip risk tolerance.
But here's the difference: at the first two brokers I mention, when you trade $100 and win 10 pips, you get $10. At Oanda, you get only $2.56. Of course, the other way around is also true. For 10 pips loss, at the first two you loss $10, while at Oanda you only loss $2.56.
I'm not saying Oanda isn't fair or cheating or anything bad. But if your system and your trading are any good, you accumulate profit faster at others than at Oanda. If your system and/or your trading isn't any good, then it doesn't matter with whom you trade, you still loose your money.Ignored
DislikedConnection problems ,server down...very often.Slipage on open , close and stop loss.Ignored
DislikedNo problems here, and I scalp very often. Slippage is very rare, can happen during news. Connection problems? Rare as well.
And leverage? Wohooo, I need up to 10:1, sometimes even 15:1 but not more. I don't know any reason (beside martingaling) where one would need more without blowing the account to hell.
Regards - XaronIgnored
DislikedMaybe you don't have slippage,cose your leverage.Can you tell me the size of your lots that you use for scalping.Ignored
DislikedUp to 300,000 units with a leverage of 50:1 (but I use only an effective leverage up to 15:1)
Regards - XaronIgnored
DislikedNow I believe you...
Oanda is the same with another market makers :"THE PRICES xxxxx OFFERS MIGHT NOT BE THE BEST PRICES AVAILABLE AND xxxxx MAY OFFER DIFFERENT PRICES TO DIFFERENT CUSTOMERS."
Enjoy your instant executions .
For me Oanda wasIgnored
DislikedI do. And others do as well. Enjoy your requotes at any MT4 bucket shop. If your account size allows to trade 10 lot and more you should consider to use an ECN.
Regards - XaronIgnored
DislikedCould you provide a link to where your quote comes from? I found it outrageous that a broker would admit to giving different prices to different clients!Ignored