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  • #2,961
  • May 4, 2012 11:44pm May 4, 2012 11:44pm
Hey I have 2 questions regarding Oanda's platform.

Are the daily candlestick close on Mt4 and fxtrade based on NY close?

And I noticed that Fxtrade and Mt4's candlestick are different on the same timeframe eg. fxtrade shows a pinbar while mt4 shows a doji.

Can anyone care to explain?
  • #2,962
  • May 6, 2012 8:39am May 6, 2012 8:39am
Quoting jayjb
Hey I have 2 questions regarding Oanda's platform.

Are the daily candlestick close on Mt4 and fxtrade based on NY close?

And I noticed that Fxtrade and Mt4's candlestick are different on the same timeframe eg. fxtrade shows a pinbar while mt4 shows a doji.

Can anyone care to explain?
yes jayb
when you see that different
  • #2,963
  • May 6, 2012 8:34pm May 6, 2012 8:34pm
Quoting jayjb
Hey I have 2 questions regarding Oanda's platform.

Are the daily candlestick close on Mt4 and fxtrade based on NY close?

And I noticed that Fxtrade and Mt4's candlestick are different on the same timeframe eg. fxtrade shows a pinbar while mt4 shows a doji.

Can anyone care to explain?
Their daily candles close at midnight NY time. Since I don't trade with them anymore I have no clue what time they use for their MT4.

Oanda is well known for dragging their feet on anything related to "code" so their lazy coders probably left MT4 with metaquotes standard time.

Considering that Michael Stumm is a "expert" doctor in computer science the fact that oanda after so many years still have one of the most mediocre platforms around is intriguing.
  • #2,964
  • May 23, 2012 1:58pm May 23, 2012 1:58pm
I have heard good things about Oanda so I decided to give them a try. Now they are asking for Notarized documents. They want a photo id along with proof of address which is pretty standard. What isn't so standard is the notarization. I might be able to understand that the proof of address needs to be notarized but what really flipped me out is that they want my passport notarized. Now if I show up to a border of another country my passport is accepted as long as i have a visa but with Oanda it needs to be notarized. I must tell you that I have dealt with a few brokers and none have ever been like this. For me to get docs notarized requires an hour drive each way. Don't forget here gas is about $2 a liter ($8 a gallon). Then each doc will cost me $20 to notarize it. I just don't believe this. I am honestly considering staying with my broker. Especially the thing with the passport. That really irks me because it shows they don't care.
  • #2,965
  • May 23, 2012 3:50pm May 23, 2012 3:50pm
Quoting bfis108137
I have heard good things about Oanda so I decided to give them a try. Now they are asking for Notarized documents. They want a photo id along with proof of address which is pretty standard. What isn't so standard is the notarization. I might be able to understand that the proof of address needs to be notarized but what really flipped me out is that they want my passport notarized. Now if I show up to a border of another country my passport is accepted as long as i have a visa but with Oanda it needs to be notarized. I must tell you that I...
I think it is a new trend with brokers. I was looking at XTB in Poland and they want everything notarized as well. It is a pain, but what are we going to do? The establishment makes it harder and harder to open an account. My living situation at the moment doesn't allow for showing a utility bill, so I have no way to show proof of residence! Hahaha! Oh well... Makes me wish I would have opened 20 broker account a few years back...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #2,966
  • Edited May 24, 2012 12:57am May 23, 2012 9:33pm | Edited May 24, 2012 12:57am
But why a passport? A passport is an internationally recognized document.
  • #2,967
  • May 24, 2012 3:19am May 24, 2012 3:19am
Quoting bfis108137
I have heard good things about Oanda so I decided to give them a try. Now they are asking for Notarized documents. They want a photo id along with proof of address which is pretty standard. What isn't so standard is the notarization.
Since when they ask for notarization? And for what division, US, EU, or...?
When i opened account 2 years ago they didn't ask that.

btw. i don't see on their site anything about notarization, it says:

Your account is ready for trading when:
-You upload scans of your government-issued identification and proof of residence to OANDA
  • #2,968
  • May 24, 2012 3:30am May 24, 2012 3:30am
Quoting fx111
Since when they ask for notarization? And for what division, US, EU, or...?
When i opened account 2 years ago they didn't ask that.
It's Euro division but I believe it's my country of residence. They told me if I lived in the USA that this wouldn't be required. I live in Israel but Israel is the 27th ranked country by gdp per capita. Greece, Portugal, South Korea, Poland, Mexico, and Brazil are just some of the countries have rankings lower than Israel. Or maybe it's all countries outside of the USA. I wish I could just get an answer why.
  • #2,969
  • May 24, 2012 3:52am May 24, 2012 3:52am
Quoting bfis108137
It's Euro division but I believe it's my country of residence. They told me if I lived in the USA that this wouldn't be required. I live in Israel but Israel is the 27th ranked country by gdp per capita. Greece, Portugal, South Korea, Poland, Mexico, and Brazil are just some of the countries have rankings lower than Israel. Or maybe it's all countries outside of the USA. I wish I could just get an answer why.
I'm also outside US (Croatia) and signed for account in US division, never needed to notarize anything.
  • #2,970
  • May 24, 2012 6:03am May 24, 2012 6:03am
Quoting fx111
I'm also outside US (Croatia) and signed for account in US division, never needed to notarize anything.

I just had a chat with them in which he informed me that some people from some countries are required to have notarized documents per regulations. I asked him which regulation and he didn't know. I asked him who did know and he said the accounts dept. I asked him to have them contact me regarding this and if they couldn't show me which law then I would contact the cftc for discrimination because they are making harder for some people from some countries than others. It might not do anything but we will see lol.
  • #2,971
  • May 24, 2012 10:13am May 24, 2012 10:13am
Quoting bfis108137
I just had a chat with them in which he informed me that some people from some countries are required to have notarized documents per regulations. I asked him which regulation and he didn't know. I asked him who did know and he said the accounts dept. I asked him to have them contact me regarding this and if they couldn't show me which law then I would contact the cftc for discrimination because they are making harder for some people from some countries than others. It might not do anything but we will see lol.
I'm from Romania and years back when I opened the account I think it was Oanda that asked me for a notarized passport scan. I don't think it has anything to do with the richness of the country in question and the USA (otherwise known as the american jewish colony) certainly isn't antisemitic I think the problem is both our countries are high on the list of online illegal activity/credit card fraud and they wanna make extra sure they know exactly who they need to put in jail.
  • #2,972
  • Edited 1:55pm May 24, 2012 1:40pm | Edited 1:55pm
Ok so as it turns out the reason is that Oanda Europe Division requires all non EU residents to provide notarized documents. Apparently Oanda USA doesn't have this same rule but can (at it's discretion) request notarized documents. I have registered with Oanda USA. The drawback with Oanda USA is that they don't have cfds. This is a small price to pay so that I don't have to go to a notary. This sounds plausible except that Spacy said he needed it and he's from Romania which is in the EU.

Also it still irks me about the passport. It just doesn't make any sense. Some notaries will even refuse to notarize a passport. Just look at this link. http://www.immihelp.com/immigration/notarized-copy.html
  • #2,973
  • May 24, 2012 4:09pm May 24, 2012 4:09pm
Quoting bfis108137
Ok so as it turns out the reason is that Oanda Europe Division requires all non EU residents to provide notarized documents. Apparently Oanda USA doesn't have this same rule but can (at it's discretion) request notarized documents. I have registered with Oanda USA. The drawback with Oanda USA is that they don't have cfds. This is a small price to pay so that I don't have to go to a notary. This sounds plausible except that Spacy said he needed it and he's from Romania which is in the EU.

Also it still irks me about the passport. It just...
Well, it was a while back. I opened a few forex accounts then and I remember one of them asked for a notarized passport copy. Can't be very sure it was Oanda. About Oanda US- they also have the disadvantage of not allowing leverage on gold and silver.
  • #2,974
  • May 25, 2012 8:29am May 25, 2012 8:29am
Hi guys.
My oanda account is Set up to European close.
How can i setup the account to New york Close?
  • #2,975
  • May 25, 2012 5:56pm May 25, 2012 5:56pm
Hi everyone,

I was wondering if its possible to have this type of interface in oanda (see attachment), the reason is that i am a aggressive scalper and sometimes jumping from menu to menu to open and close, but especially because i want one click to open a position, and dont to go for another window to confirm it and then go to "market order" to have to close the position.

Do you guys know where i can get this?

Thank you in advance.
Attached Image
  • #2,976
  • May 25, 2012 6:49pm May 25, 2012 6:49pm
Quoting Demos4x
I was wondering if its possible to have this type of interface in oanda
It's not, unless you get the API access which costs $600 per month...
  • #2,977
  • May 25, 2012 7:42pm May 25, 2012 7:42pm
Quoting Marv
It's not, unless you get the API access which costs $600 per month...
You can make fxTrade do most of what he wants.. one click trading, big buttons, etc...
FXGears.com
  • #2,978
  • May 30, 2012 2:21pm May 30, 2012 2:21pm
Just thought i'd post this. I've been with oanda for 6 years, and when there's a problem like disconnections, delayed withdrawal etc, i'd be on them like white on rice. And this broker has fixed all the issues that have come along (for me).

And, i'm not an oanda spokesperson. I'm just a small time retail trader who just want to provide a balanced view for this guys, but you make the final decision who you want to be your broker.

On may 28th i wrote:

"buy trade at 1.26014 (ticket 949506714) which i had to manually closed at 1.25854 (ticket 949512xxx). The stop i set at 1.2594 did not trigger just like the pictures posted."

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 135 KB


Attached Image (click to enlarge)
Click to Enlarge Name: untitled 2.JPG Size: 33 KB


This email was sent:

" apologize for the misunderstanding and thank you for making it clear again that your request is about ticket 94950xxxx. We have checked this trade and due to an technical issue at that very moment your stop loss was not triggered at 1.25949. So we have credited your account for 356.25 USD. That is the difference between your loss of 600 USD and 243.75 USD which would be the loss if your stop loss would have been triggered correctly. Sorry for the inconvenience.

http://fxtrade.oanda.com/analysis/profit-calculator/

Please let me know if you have any further questions."

Again, i'm not an oanda's spokesperson. But i think if your broker does something right, give them that credit so that other people can make accurate assessments on brokers.
  • #2,979
  • Jun 2, 2012 4:51pm Jun 2, 2012 4:51pm
Quoting hilmy83
Just thought i'd post this. I've been with oanda for 6 years, and when there's a problem like disconnections, delayed withdrawal etc, i'd be on them like white on rice. And this broker has fixed all the issues that have come along (for me).

And, i'm not an oanda spokesperson. I'm just a small time retail trader who just want to provide a balanced view for this guys, but you make the final decision who you want to be your broker.

On may 28th i wrote:

"buy trade at 1.26014 (ticket 949506714) which i had to manually closed at 1.25854 (ticket 949512xxx)....
Well I think you are right that its good they credited you, is the bigger question not why your stop wasn't executed to begin with? I mean do we need to double check and babysit every trade making sure the execution was right?

Sure they credited your account but there was probably 10 other sad people that didn't pick up the phone to call them so over all oanda won even if they did credit you.
  • #2,980
  • Jun 4, 2012 2:49am Jun 4, 2012 2:49am
Hello guys

I have compiled Oandas CFTC numbers and here are the results:

Net capital:
Attached Image


Same net capital, just subtracted 100M investment Oanda received in 2007 from venture capital company (not sure doing this is "correct" per se, just did it to see how it could have been if there was no 100M investment in 2007):
Attached Image


Net capital requirement:
Attached Image


Total amount of retail forex obligation:
Attached Image



So what do you guys make of theses numbers? Does it not seem a little alarming? What is the reason for this big recent decline in net capital? is this related to accounts migrating to other divisions like their new European division? But if that is the case, the should forex obligation and capital requirement go down as well? Does CFTC numbers include overseas departments for that matter or not?
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