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  • #2,981
  • Jun 4, 2012 3:43am Jun 4, 2012 3:43am
Quoting christian c
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.
you're right. if i asked they would've probably just said technical error.

Just some more info.
It was a trade taken on May 28th, which is a low volume day with US and some euro banks closings.
This is the first or maybe the 2nd time this happened in the last 6 years to me. So let's put things in perspective. I would consider this MASSIVE slippage. slippage do occur in forex trading but maybe around 1-2 pips,

Again, wehn bad things happen i also will post it here so that people know what is going on.
  • #2,982
  • Jun 5, 2012 1:35pm Jun 5, 2012 1:35pm
It's the first time I am considering a long term position with oanda, well, eurchf short. So I never informed myself about carry trades etc, I just used oandas interest rate calculator, but it seems pretty weird to me, since with most pair combinations I seem to get a positive interest over night?!

I have an EUR account.

It says on the calculator site that all interest rates are being entered automatically, but somehow it seems suspicious to me... I could not get negative interest with the cross pairs I played with, no matter if long or short.

Anyone wants to enlighten me?
Thanks
  • #2,983
  • Jun 5, 2012 1:49pm Jun 5, 2012 1:49pm
Quoting herbun
It's the first time I am considering a long term position with oanda, well, eurchf short. So I never informed myself about carry trades etc, I just used oandas interest rate calculator, but it seems pretty weird to me, since with most pair combinations I seem to get a positive interest over night?!

I have an EUR account.

It says on the calculator site that all interest rates are being entered automatically, but somehow it seems suspicious to me... I could not get negative interest with the cross pairs I played with, no matter if long or short.

Anyone...
Change the "interest type" to "Trade" on their calculator.. or else it will ignore all the pair and size info and just calculate interest paid on your balance.
FXGears.com
  • #2,984
  • Jun 5, 2012 1:49pm Jun 5, 2012 1:49pm
Quoting herbun
It's the first time I am considering a long term position with oanda, well, eurchf short. So I never informed myself about carry trades etc, I just used oandas interest rate calculator, but it seems pretty weird to me, since with most pair combinations I seem to get a positive interest over night?!

I have an EUR account.

It says on the calculator site that all interest rates are being entered automatically, but somehow it seems suspicious to me... I could not get negative interest with the cross pairs I played with, no matter if long or short.

Anyone...
when you calculate the interests of a position you have to chose "trade", in the "interest type", not "balance"... probably you see most of them positive because you chose "balance"
  • #2,985
  • Jun 5, 2012 1:53pm Jun 5, 2012 1:53pm
Quoting millelire
when you calculate the interests of a position you have to chose "trade", in the "interest type", not "balance"... probably you see most of them positive because you chose "balance"
edit: anticipated
  • #2,986
  • Jun 5, 2012 1:54pm Jun 5, 2012 1:54pm
Quoting millelire
edit: anticipated
lol.. must have beat you by a few seconds.
FXGears.com
  • #2,987
  • Jun 5, 2012 2:00pm Jun 5, 2012 2:00pm
Quoting Jack_Larkin
lol.. must have beat you by a few seconds.
yes, my problems with the language compelled me to take more time to write
  • #2,988
  • Jun 5, 2012 2:18pm Jun 5, 2012 2:18pm
Thats what was going wrong. Now it puts out believable costs.

Thanks Jack&millelire!
  • #2,989
  • Jun 6, 2012 3:07am Jun 6, 2012 3:07am
Oanda Is a Good Broker... Tell me Which Broker Is Best And Have Payment option Of Liberty Reserve Stp , And Payza
  • #2,990
  • Jun 6, 2012 10:39pm Jun 6, 2012 10:39pm
anyone play around with fxUnity?

any good? what's the story?
  • #2,991
  • Jun 13, 2012 3:19am Jun 13, 2012 3:19am
I wish Oanda give us all timelines on when they are going to implement CFD trading in other regions. I am getting impatient.
Riding the order flow
  • #2,992
  • Jun 13, 2012 3:53am Jun 13, 2012 3:53am
Quoting Binyamin
I wish Oanda give us all timelines on when they are going to implement CFD trading in other regions. I am getting impatient.
As far as I know, you can register with Europe region and get cfds but not if you live in the USA. This is because cfds are illegal in the USA.
  • #2,993
  • Jun 13, 2012 1:20pm Jun 13, 2012 1:20pm
Quoting bfis108137
As far as I know, you can register with Europe region and get cfds but not if you live in the USA. This is because cfds are illegal in the USA.
I am afraid as hell to put money in any banks in Europe... What do you folks think, will your money be safe there?
Riding the order flow
  • #2,994
  • Jun 13, 2012 1:26pm Jun 13, 2012 1:26pm
Quoting Binyamin
I am afraid as hell to put money in any banks in Europe... What do you folks think, will your money be safe there?
I personally wouldn't look at the bank. You don't know what bank they are using. The Americans could be using European banks and the Europeans could be using American banks. Oanda has a perfect record with all regulatory bodies as far as I know and I have heard that they are the only market maker that can say that. Oanda USA will never offer cfds until the law changes and I don't anticipate that. If anything the laws are going to get stricter.
  • #2,995
  • Jun 13, 2012 5:02pm Jun 13, 2012 5:02pm
I just received the following email from Oanda:

----------

"Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.

Please note that during this halt in trading, you can still access your account details but no trading activity will be accepted. For this reason, OANDA strongly recommends that all traders consider minimizing currency exposures prior to the trading halt.

If you do intend to maintain open positions during this period, be aware that OANDA will hold exchange rates steady during the trading halt. However, when trading resumes, rates will immediately adjust to the current market rate and it is possible that the updated rate could result in a margin closeout if the price has moved significantly against your positions. Therefore, it is your responsibility to ensure you have adequate funds in your account to prevent a margin closeout.

OANDA apologizes for any inconvenience this may cause.

For more information, please contact a Customer Service representative.

Best regards,

The OANDA team"
"Dare to live the life you have dreamed for yourself. Go forward and make y
  • #2,996
  • Jun 13, 2012 5:56pm Jun 13, 2012 5:56pm
Quoting shephrd
I just received the following email from Oanda:

----------

"Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.
I just got the email too. I've been trading with Oanda for over 6 years and I've never seen this done before.

On the FF calendar, Greek elections are on the 17th, it looks like Oanda is expecting a really wild ride.
  • #2,997
  • Jun 13, 2012 8:17pm Jun 13, 2012 8:17pm
What a joke this "bröker" is.

Lemme see. Basically they'll stop all trading activity when they expect a period that THEY deem too volatile for THEIR taste. I mean after all it has always been their philosophy that traders have no right to freely manage their own risk as they see fit, that it's the bröker/government/etc that should decide when traders should and should not be allowed to trade and what limits should be imposed on their risk taking. Of course it's all dressed in political correctness of the "it's only for your protection" kind, when in reality it's all part of their own risk management plan to protect themselves as market makers who might lose big time if you the traders are on the profitable side of the volatility spikes.

No, by the way, this kind of attitude is NOT new for Oanda.

PS. I'll bet money that these guys LOVE Obama.
  • #2,998
  • Jun 13, 2012 8:22pm Jun 13, 2012 8:22pm
You realize this is on a sunday - where every other broker and bank doesnt trade either?
  • #2,999
  • Jun 13, 2012 8:46pm Jun 13, 2012 8:46pm
Yeah Marv, you went a little far with that one. :/

Most brokers won't even be open then..
FXGears.com
  • #3,000
  • Jun 14, 2012 12:50pm Jun 14, 2012 12:50pm
It's still BS. Doesn't matter if other brokers aren't open. Open 24/7 is one of the reasons I use OANDA.

I don't need a babysitter.
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