Disliked{quote} And that's my main concern. I'd rather keep my trading capital with Oanda and keep the reserves in an FDIC insured US bank account.Ignored
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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Disliked{quote} And that's my main concern. I'd rather keep my trading capital with Oanda and keep the reserves in an FDIC insured US bank account.Ignored
Disliked{quote} Well I too would like to get the leverage benefit from a non-US broker, as it is a severe disadvantage as an American trying to compete in a global market.. So Oanda, while trustworthy is just not an option, because of the leverage restrictions that gives them an 8-1 or greater advantage..Ignored
Disliked{quote} For me, I don't see leverage as a problem. 50:1 is more than I will ever need to consistently extract money from the market. I'm not seeing the connection. How does Oanda have more of an advantage over me than a broker that offers 250:1 leverage? I would be executing the same trades. The fact that I need 5 times more capital to do so doesn't negate my trading edge or winning percentage. It's true, more of my money will be tied up sitting in one of Oanda's segregated accounts but as long a I am properly capitalized it doesn't really matter...Ignored
Disliked{quote} Oanda doesn't offer segregated accounts. The CFTC prohibits US brokers from protecting your funds in any way. If oanda, while unlikely, goes belly up, you get nothing. This is why there is ABSOLUTELY NO ADVANTAGE trading with a US broker. You actually have more at risk due to the ridiculous margin requirement.Ignored
Disliked{quote} Yes I mis-spoke I meant sitting in their bank accounts. I'd still rather have my money with them. I guess for trader's that are under capitalized, the offshore option seems like a good one. I'm at the point in my life and trading career where the amount off capital I have "exposed" with Oanda wouldn't affect my life or my future if they went belly up. Either way, I still like having my money being held by a company that is rock solid financially and have been basically squeaky clean for 20 years. In addition, there is something comforting...Ignored
Disliked{quote} I guess my opinion is simply if the money isn't protected either way, have the least amount exposed as possible. For me, it's not specifically about the leverage or the hedging or FIFO. If there was an actual ECN broker with tight spreads and low commission like I get offshore and MY MONEY WAS ACTUALLY INSURED in some way, I'd be trading in US as well. MB Trading was the last ECN broker available, but my best experience in US was with FXDD, only when they had the Dukascopy JForex feed for like a year. True ECN, extremely tight spreads. Which...Ignored
Disliked{quote} How do you know for sure a broker - any broker, yours included, whatever that is - is actually an ECN one?Ignored
Disliked{quote} Well, if they are a market maker, they must disclose they are holding the other side. Now this is often very cleverly disguised in the fine print (think OANDA). In general, spreads are often much, much thinner as you are paying a commission instead of a spread mark up. However, the absolute tell tale sign is when i watch price go within .01 of my stops numerous times and NOT GET HIT. Trading with a market maker is like betting with a bookie or playing roulette or black jack where they control the outcome. I mean, seriously, when you are...Ignored
DislikedIs fxTrade a memory hog? I recently started using it on my MacBook and I would leave it open forever. It seems to slow down over time and become incredibly laggy that would require me restarting the app. Very annoying especially if I need to close trades in a hurry.Ignored
DislikedIs fxTrade a memory hog? I recently started using it on my MacBook and I would leave it open forever. It seems to slow down over time and become incredibly laggy that would require me restarting the app. Very annoying especially if I need to close trades in a hurry.Ignored
Dislikedguys n gals, need some help here on Oanda Mt4. Does the Oanda MT4 honor our pending/limit order (with Take profit & stop loss) while our MT4 is offline? Or do i need a VPS to ensure the pending/limit order got trigger? Was demo-ing their MT4 practice, the pending/limit orders triggered whenever i log on my MT4 demo account. Seems too good to be true?Ignored
Disliked{quote} Yes, assuming the limit order is placed with the broker and not with an EA. Your order will execute while offline.Ignored
Disliked{quote} hi pipfu, thanks. so if i use EA to place pending order, it will never get executed? if my EA placed pending order already before i shut down, will it trigger? thanks.Ignored
Disliked{quote} Depends on whether your EA actually places pending orders with them or executes them as market orders within the EA. I use a virtual trade panel EA which keeps a pending order to itself and executes it when the price hits it. In my case, I need to keep my terminal running to manage the trade. To verify your pending order with the broker (before you shut down), check the trade tab in your plarform terminal. View > terminal > click the trades tab> If your pending order is listed there, it will execute...Ignored