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  • #4,901
  • Mar 8, 2017 10:03pm Mar 8, 2017 10:03pm
Quoting OANDARep
Commission based pricing is here! - US clients only (for now) - $5 per side per standard lot, premium account benefits available to those who qualify. Core Pricing highlights: Access EUR/USD spreads as low as 0.1 and a typical spread of 0.4 with $50 commissions per 1M traded Currently, this pricing option is eligible for US clients with a $10,000 USD minimum account balance View the Core Pricing + commission price sheet Existing clients can contact their...
i've been with you guys for like 10 years..never thought i'd see the day that oanda would offer commision based trading.

yes $50 is steep, but like all things, i think this will evolve overtime to discounted pricing based on trading volume like IB had

in any case, i'm happy to see this change
  • #4,902
  • Mar 8, 2017 10:05pm Mar 8, 2017 10:05pm
Quoting Mr Breakout
{quote} You need at least $10 millions (cash or assets) to open a leveraged Forex account with IB. BIG difference.
If you are an U.S. resident you do. Everyone else can use the UK or HK subsidiary with a 10K minimum, like before this stupid SEC decision.
  • #4,903
  • Mar 9, 2017 9:07am Mar 9, 2017 9:07am
Quoting OANDARep
Commission based pricing is here! - US clients only (for now) - $5 per side per standard lot, premium account benefits available to those who qualify. Core Pricing highlights: Access EUR/USD spreads as low as 0.1 and a typical spread of 0.4 with $50 commissions per 1M traded Currently, this pricing option is eligible for US clients with a $10,000 USD minimum account balance View the Core Pricing + commission price sheet Existing clients can contact their...
I'm fairly new to Oanda and coming over from 4 years with FXCM US. I have a few questions on this. I am currently on a Core pricing model. Can I stay on that if I decide to or will I automatically be moved to Core+Commission since my balance is greater than $10.000? With FXCM I was in their Private Client Group which may be similar to your Premium Group. How does one qualify for Premium and what are the benefits of Premium? At FXCM it was lower spreads and commissions in the Private Client Group. Also does one get access to a dedicated account team for Premium? Good to see there is a rep here as I'm finding the customer support through chat with Oanda to be lacking. Thanks
  • #4,904
  • Mar 9, 2017 11:28am Mar 9, 2017 11:28am
Looks like OANDA is moving quickly in order to take advantage of the competition gap in the US market. Trying to catch clients from FXCM.
It's clear!|
Less competition = more monopoly = higher prices = poor quality and low value for money for the end user.
Let's be honest, $5 per 100k is ridiculously high commission. Probably one of highest in the world. This is additional 1 pip per trade (in and out).

In the rest of the world, the good professional brokers for small individual traders normally will charge between $2 - $3.50 per 100k with raw institutional level pricing , meaning spreads from 0 - 0.5 pips on the major pairs.
And if you are large professional trader (over 500k account, and you make large monthly volume) the commission can go as low as $ 0.80 per 100k.

Now you can go, and say "thanks" to your great regulators for destroying the Forex market in the USA.
At least you still have fx futures.(last hope)
  • #4,905
  • Mar 9, 2017 9:09pm Mar 9, 2017 9:09pm
Quoting alphaomega
Looks like OANDA is moving quickly in order to take advantage of the competition gap in the US market. Trying to catch clients from FXCM. It's clear!| Less competition = more monopoly = higher prices = poor quality and low value for money for the end user. Let's be honest, $5 per 100k is ridiculously high commission. Probably one of highest in the world. This is additional 1 pip per trade (in and out). In the rest of the world, the good professional brokers for small individual traders normally will charge between $2 - $3.50 per 100k with raw institutional...
Absolutely correct, my offfshore broker charges $2 per 100K and my spread on GBPJPY is 0.2 as we speak. Yes, that's GBPJPY. Absolutely has been done by the regulators, whose entire purpose is to get everyone back to futures, only way to do it is destroy spot. People prefer spot as it offers greater profit potential and WAY MORE flexibility, so the only way to get folks back is to destroy it. $5 per 100K??? What a friggin joke and then probably a 3 pip spread on top on crosses.
  • #4,906
  • Mar 9, 2017 9:19pm Mar 9, 2017 9:19pm
who isyour broker over seas am trying to stay with forex but dont have a broker yet...was considering FXchoice or Tradersway
  • #4,907
  • Mar 12, 2017 5:58am Mar 12, 2017 5:58am
What does it mean when they say min trade is 1 unit?! Does it mean I can trade less than micro lot? Do they have negative balance protection?
  • #4,908
  • Mar 12, 2017 6:59am Mar 12, 2017 6:59am
yep 5$ per 100k is ridiculously high - it's just another oanda-style fake advantage
  • #4,909
  • Mar 12, 2017 7:03am Mar 12, 2017 7:03am
Quoting pipmaster77
{quote} Absolutely correct, my offfshore broker charges $2 per 100K and my spread on GBPJPY is 0.2 as we speak. Yes, that's GBPJPY. Absolutely has been done by the regulators, whose entire purpose is to get everyone back to futures, only way to do it is destroy spot. People prefer spot as it offers greater profit potential and WAY MORE flexibility, so the only way to get folks back is to destroy it. $5 per 100K??? What a friggin joke and then probably a 3 pip spread on top on crosses.
hey Pip , which broker is that ?
  • #4,910
  • Mar 13, 2017 8:17am Mar 13, 2017 8:17am
Quoting pipmaster77
{quote} I pay taxes on my profits every year, just as I would if I were with a US broker. I am only trying to avoid the ridiculous regulation, I am not trying to avoid taxes.
I was not suggesting that you are avoiding or not paying taxes. But I am curious if one garners more attention by the US IRS by having an off-shore account.
  • #4,911
  • Mar 13, 2017 11:57am Mar 13, 2017 11:57am
I went with AvaTrade just because I wanted to trade stocks and indices. My first broker was Oanda, and it was the closest to my heart. Customer support, reliability, spreads...I loved everything. I believe that they have only improved for better in these years.

Though, I am considering to come back to Oanda, since I haven't really fell in love with stocks and indices. I do trade few commodities such as oil and gold, but I think Oanda have added those too...so, there is nothing to lose now. Will probably withdraw part of my balance, and move to Oanda...
"Don't lose your cool, and you will fare well".
  • #4,912
  • Mar 13, 2017 4:01pm Mar 13, 2017 4:01pm
Quoting MXT
yep 5$ per 100k is ridiculously high - it's just another oanda-style fake advantage
well for their side, its def lower than fxcm was.. lol
  • #4,913
  • Mar 13, 2017 4:20pm Mar 13, 2017 4:20pm
Quoting cyguy
{quote} well for their side, its def lower than fxcm was.. lol
  • #4,914
  • Mar 13, 2017 4:45pm Mar 13, 2017 4:45pm
Quoting cyguy
{quote} well for their side, its def lower than fxcm was.. lol
Didnt FXCM charge $30 or $35 per million? Thats what i recall.
  • #4,915
  • Mar 16, 2017 4:34am Mar 16, 2017 4:34am
Quoting shrike
{quote} Didnt FXCM charge $30 or $35 per million? Thats what i recall.
Its $3 per 100K, $30 per million. That is only on some instruments.
  • #4,916
  • Mar 16, 2017 10:24am Mar 16, 2017 10:24am
Has anyone noticed INCREDIBLE slowness on the platforms lately? The mobile is almost unbearably slow to update and sticks. And even the desktop app is super slow to change timeframes and instruments. Wondering if its just on my end.
There's always money in the banana stand.
  • #4,917
  • Mar 16, 2017 11:36am Mar 16, 2017 11:36am
Quoting hilmy83
{quote} 2. no issues with withdrawal 5 figures taht arrive in bank in hours (get that? HOURS). I haven't made a six figure withdrawal yet
What was the max amount of 5 figures you withdraw and arrives in hours?
  • #4,918
  • Mar 16, 2017 4:09pm Mar 16, 2017 4:09pm
Quoting Bjnf
{quote} What was the max amount of 5 figures you withdraw and arrives in hours?
$50,000
  • #4,919
  • Mar 16, 2017 4:10pm Mar 16, 2017 4:10pm
Quoting LizardGizzard
Has anyone noticed INCREDIBLE slowness on the platforms lately? The mobile is almost unbearably slow to update and sticks. And even the desktop app is super slow to change timeframes and instruments. Wondering if its just on my end.
nope..
  • #4,920
  • Mar 16, 2017 4:23pm Mar 16, 2017 4:23pm
Quoting hilmy83
{quote} $50,000
Thanks hilmy.

The only way to withdraw $50,000 from Oanda is by bank transfer.

But it takes 1 to 3 business days (more for international transfer, if you really trade from Bahamas).

So, how could your withdrawl get to your bank in hours?
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