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  • #1,281
  • Nov 20, 2010 3:36pm Nov 20, 2010 3:36pm
Hey everyone,

Does anyone know if you are a U.S. resident if you can trade gold and silver with Oanda? I have a demo and am thinking of opening a live account with them.
Thanks in advance!
  • #1,282
  • Nov 20, 2010 3:42pm Nov 20, 2010 3:42pm
API access baby.

I built my own auto-trading platform in C++/JAVA for OANDA.

I never use their platform unless I just want to monitor trades remotely.
  • #1,283
  • Nov 20, 2010 3:59pm Nov 20, 2010 3:59pm
Quoting fxforme
Hey everyone,

Does anyone know if you are a U.S. resident if you can trade gold and silver with Oanda? I have a demo and am thinking of opening a live account with them.
Thanks in advance!
u can
  • #1,284
  • Nov 20, 2010 4:03pm Nov 20, 2010 4:03pm
Quoting tar
u can
Great! Thanks Tar!
  • #1,285
  • Nov 21, 2010 12:17am Nov 21, 2010 12:17am
Wiring money to OandA cost me $65 (had to go through two banks) but they didnt' charge me to withdraw it and it was all done in a few days. I've been with them for quite some time and they've been very good. You can always paypal for less

Excellent spread, and its great that you can choose EXACTLY how much you want to trade, e.g. with forex.com you can only do 'lots'. With OandA you could trade 3554 euro's etc etc.
  • #1,286
  • Nov 21, 2010 1:44am Nov 21, 2010 1:44am
I've been with OANDA a year and overall they're not bad. I like how you can click on the stoploss line and easily move it on the chart, their relatively fast executions when everything is working. I say "when" because I occasionally experience errors and connection issues on their Java-based platform. Sometimes the platform freezes up, connection becomes weak, and if you're looking at the 5 sec chart, price occasionally paints incorrectly, etc. I have two fast and clean computers connected with two different high-speed ISPs, so I know that it's not merely a technical problem on my side. I've taken a few small losses due to this. Their technical team really needs to work on this, because simply emptying the Java cache, defragmenting the hard drive, cleaning the registry, reinstalling the platform and everything else they have recommended to me has not solved the issue. That's my main complaint.
  • #1,287
  • Nov 21, 2010 3:46pm Nov 21, 2010 3:46pm
I agree with the above. The most recent foul-up I had was finding out that the market had moved adversely against me by many pips while the quote did not change. It was only because I had a MT chart running alongside that made me notice the discrepancy.

Though Oanda is better than most brokers, I wonder sometimes if they really are working to seriously address their server problems which people have complained about longer than I can even remember.
Amor Fati--F. Nietzsche
  • #1,288
  • Nov 22, 2010 4:18am Nov 22, 2010 4:18am
Can someone clarify this for me -

Non US residents, non US citizens don't pay tax on capital gains (from forex) to US?

But what kind of tax is this?
This is from the Oanda's page -

FAQ
Question: Why do you withhold tax of 28% for U.S persons? Why is it 30% for non U.S persons? (how did you arrive at that percentage?)




Answer: The United States Internal Revenue Service sets these rates. OANDA does not set these tax amounts.
  • #1,289
  • Nov 24, 2010 6:07am Nov 24, 2010 6:07am
i havent been trading for days now.

being out of the loop, i checked Oanda FX news, searched for the latest South Korean attack news.
it returned ZERO results. & subsequently i got disconnected.

can anyone kindly tell me if any of u were able to read relevant article (within Oanda news) yesterday/the other day about this news?

just curious. Many thanks!
  • #1,290
  • Nov 25, 2010 9:44am Nov 25, 2010 9:44am
Hi, i am new Non US resident to oanda, below are my questions:

1. Can i request for leverage 1:100 or above ?
2. Where can i found the gold & silver trade ?
3. When this broker will come out with credit card deposit ?

THanks for you all answer
  • #1,291
  • Nov 25, 2010 10:21am Nov 25, 2010 10:21am
Quoting kewell
Hi, i am new Non US resident to oanda, below are my questions:

1. Can i request for leverage 1:100 or above ?
2. Where can i found the gold & silver trade ?
3. When this broker will come out with credit card deposit ?

THanks for you all answer
1. Maximum is 50:1
2. you have to choose "Commodities" in some Menu, they have silver and gold. XAU and XAG
this pig cannot be slaughtered for ever... or can it?
  • #1,292
  • Nov 25, 2010 10:35am Nov 25, 2010 10:35am
3. you can deposit using cc
  • #1,293
  • Nov 25, 2010 11:33am Nov 25, 2010 11:33am
Quoting MoreYummy
3. you can deposit using cc

Paypal I know but CC ?
  • #1,294
  • Nov 25, 2010 11:40am Nov 25, 2010 11:40am
you can use cc on paypal.
  • #1,295
  • Nov 25, 2010 12:21pm Nov 25, 2010 12:21pm
No they don't take credit card deposits, only paypal.

Let's say you have a verified paypal account but it has restrictions (due to paypal's country restrictions, some countries can only send money), Oanda then won't take your paypal deposits or credit card deposits (through paypal, which works with regular merchants). So unless you live in one of the major (not secondary) countries accepted by paypal, you're pretty much only left with international bank wire transfers.

They should allow direct credit/debit card deposits like many other regulated brokers (such as IBFX usa). If their excuse not to allow this is "security", then they can do what other companies do and ask for verification scans of the physical credit/debit card showing your name on it.
  • #1,296
  • Nov 25, 2010 12:44pm Nov 25, 2010 12:44pm
Quoting kewell
1. Can i request for leverage 1:100 or above ?
Not a chance, sorry. They've always only allowed 50:1 even prior to the CFTC new regulations. They're now happy about these new regulations because they make them look like they've been right and wise all along.

"We are very pleased at the new CFTC ruling, which sets leverage limits on major pairs the same as the limits we already use," said Michael Stumm, CEO of OANDA Corporation. "We value the best interests of our clients, so we have never offered leverage higher than 50:1."

lol Give me a break. This self-promoting corporate bullshit is too old.

Don't be naive. No br0ker cares about your best interest, PERIOD! All they care about is theirs (even if they're not cheating, etc), and that's normal, it's just that they won't tell you that.

Imposing limited leverage is a way of limiting their exposure according to their risk appetite, not yours. Ever wonder why some br0kers allow higher leverage for smaller types of accounts and lower leverage for the larger pro/institutional types of accounts?

PS. Don't get me wrong, I think of all MM br0kers, Oanda currently provides the best conditions. I like em and I trade with em. But I will criticize when I see the need.
  • #1,297
  • Edited 1:49pm Nov 25, 2010 1:31pm | Edited 1:49pm
I don't see a problem in that they never offered higher leverage. They don't go for the $100 account whose owner wants 1:500 leverage for his 10 $ / pip punts.

They offer 1:20 or 1:25 on exotics - their exposure is limited and so is mine. Imagine that something happens in Whatthefuckistan and my USD/WTF short position goes against me badly. At least I will lose less than I'd lose utilising the 1:100 leverage. Their interest meets my interest. That's what makes me a returning customer.

No problem with criticism - we're free to say whatever we like, wherever we like

Inserted Video


And since I'm on their payroll, I must say that Oanda is the best broker around.

Quoting Marv
...
forget about tomorrow, just steal away into the night
  • #1,298
  • Nov 26, 2010 2:59am Nov 26, 2010 2:59am
Quoting xtremeforex
API access baby.

I built my own auto-trading platform in C++/JAVA for OANDA.

I never use their platform unless I just want to monitor trades remotely.
Do they still give you 90 days free access? Then they charge like $600/mo, but that decreases with volume. I forgot what amount of volume makes it free.

Does the api have the same or lower spreads than the platform?
Measure trends automatically with zero lag
  • #1,299
  • Nov 26, 2010 3:07am Nov 26, 2010 3:07am
Quoting ybfjax
Do they still give you 90 days free access? Then they charge like $600/mo, but that decreases with volume. I forgot what amount of volume makes it free.

Does the api have the same or lower spreads than the platform?
Spreads and everything is completely the same

API will be free, once you have a transaction volume of 12 million USD.

It is not that hard to achieve this amount, because it is "After leverage", and also "position open" and "position close" count as 2 transactions.

They give you 2 whole months of free access if you pay initial 600 USD.

I was lucky... I applied in the second week of the month... so I got two whole months PLUS the 3 weeks. So yes, it was something like 80 days.


API is the reason I like oanda. If it was only FXTrade I would have gone crazy already and left them. But API is a fine piece of trading portal
this pig cannot be slaughtered for ever... or can it?
  • #1,300
  • Nov 29, 2010 1:50am Nov 29, 2010 1:50am
Can't login to oanda java the whole morning, using the web interface to trade. Anybody else?
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