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OANDA Discussion

  • #3,301
  • Jan 11, 2013 11:15am Jan 11, 2013 11:15am
Quoting FX4ever
Forex factory provides a live spread page - http://www.forexfactory.com/brokers.php#spreads - if you are looking to compare spreads. You will see OANDA is generally competitive if not lower than most brokers. I believe it is a general industry move towards dynamic spreads - OANDA was just a little late to the party.

Are you serious? Guy how only have one post in this forum...
  • #3,302
  • Jan 13, 2013 10:48am Jan 13, 2013 10:48am
Oanda webpage still under maintenance?

cant change leverage for my practice account.
  • #3,303
  • Jan 13, 2013 10:55am Jan 13, 2013 10:55am
Quoting Pipcatchu
Oanda webpage still under maintenance?

cant change leverage for my practice account.
I have not problems to login in my live and demo accounts (Oanda Europe)
  • #3,304
  • Jan 13, 2013 11:18am Jan 13, 2013 11:18am
yeah i can log in and everything but when i want to "change leverage" for my practice account i get this message:


Edit Currency Account - fxTrade Practice
Server Error
Oops! That wasn't supposed to happen...
  • #3,305
  • Jan 15, 2013 3:02am Jan 15, 2013 3:02am
When OANDA was founded? It is realy old and nice broker
  • #3,306
  • Jan 15, 2013 6:08am Jan 15, 2013 6:08am
Quoting NewFxStar
When OANDA was founded? It is realy old and nice broker
They have been around since about 1996 and are one of the oldest and largest brokers around.
And yes they are very nice. :-)
  • #3,307
  • Jan 15, 2013 3:38pm Jan 15, 2013 3:38pm
Quoting NewFxStar
When OANDA was founded? It is realy old and nice broker
This Company was founded at 1996. It is honest American broker best of the best
  • #3,308
  • Jan 16, 2013 12:42pm Jan 16, 2013 12:42pm
At first I really liked the new flexible spread system but if you're not on your computer and place market orders it's very very difficult to place good limit orders. Sometimes the spread on GBP/USD is 1pip, then again 3.5pips...
  • #3,309
  • Jan 17, 2013 6:27am Jan 17, 2013 6:27am
Trades are always quick to fill, I've never gotten a requote, and there are no problems withdrawing funds.
  • #3,310
  • Jan 17, 2013 10:00am Jan 17, 2013 10:00am
I'm not here to promote Oanda or anything, but looks like they got a good team going

http://www.benzinga.com/pressrelease...d-of-directors

But if they ever screw us with bad spreads, execution or anything account related, i will be the first to scream wolf!
NocturnalFX is no longer offering commercial services
  • #3,311
  • Jan 17, 2013 3:25pm Jan 17, 2013 3:25pm
I have switched to the Oanda Europe Account a few days ago and since then I'm having Problems with the Server. Either fxtrade wont connect or it freezes. I tried it on 4 Different PCs. Then I decided to only trade with MT4, which worked very well for the last 2 days, but a few hours ago it just disconnected from the Server. I logged in again with MT4 and the Connection Status at the Bottom showed 4/0 kb....

I contacted them 3 Times via Live Chat and they keep telling me that everything works fine and it's my Java, or I don't have the newest MT4 Build.
I've been a Oanda Customer for years and never had any real Problems, but from the day I've switched to Oanda Europe there are connection Issues and Oanda doesn't really seem to care. 2 winning trades turned into losers because I got disconnected.

I don't know what to do.
  • #3,312
  • Jan 17, 2013 3:31pm Jan 17, 2013 3:31pm
Quoting pipnapper
I have switched to the Oanda Europe Account a few days ago and since then I'm having Problems with the Server. Either fxtrade wont connect or it freezes. I tried it on 4 Different PCs. Then I decided to only trade with MT4, which worked very well for the last 2 days, but a few hours ago it just disconnected from the Server. I logged in again with MT4 and the Connection Status at the Bottom showed 4/0 kb....

I contacted them 3 Times via Live Chat and they keep telling me that everything works fine and it's my Java, or I don't have the newest MT4...
you said you've been with oanda for years. But then you switched to oanda europe? why? which division were you with before?
i'm thinking if i was with oanda US and switched to Oanda Japan..i would expect some crazy shiet happening no? stick to what works
NocturnalFX is no longer offering commercial services
  • #3,313
  • Jan 17, 2013 10:25pm Jan 17, 2013 10:25pm
Happy New year everyone, it's nice to be back.


I have a friend who recently switched to a Windows 7 PC, and he is unable to launch his Oanda platform. It shows up a Java-related error ("ClassNotFoundException error: com.oanda.platform.Platform.class"). Oanda chat has been unable to resolve his problem.

I got a Win7 PC but I trade my broker accounts in a WinXP PC, so I am not familiar with the issue he's currently having. Maybe some of you who trade with a Win7 PC could help? Thanks!


*I told him to update his Java to the latest (January 2013) version, but I am not sure if that would help
  • #3,314
  • Jan 18, 2013 2:35am Jan 18, 2013 2:35am
Quoting pipnapper
I have switched to the Oanda Europe Account a few days ago and since then I'm having Problems with the Server. Either fxtrade wont connect or it freezes. I tried it on 4 Different PCs. Then I decided to only trade with MT4, which worked very well for the last 2 days, but a few hours ago it just disconnected from the Server. I logged in again with MT4 and the Connection Status at the Bottom showed 4/0 kb....

I contacted them 3 Times via Live Chat and they keep telling me that everything works fine and it's my Java, or I don't have the newest MT4...
i switched to the european division a few months ago. no problems. i log in with win xp, wind 7 and win 8. all work fine. right now i am in south east asia and i found out that you can log in with any division, oanda.sg, oanda.com, oanda.co.uk, so depending on you place you stay you may try to log in with a different oanda division.

ah, i use the oanda platform only, not the mt4
  • #3,315
  • Jan 20, 2013 5:52am Jan 20, 2013 5:52am
oanda have serious problems with connection that is my major problem with them i hope they will solve it
focus while relaxed to see better
  • #3,316
  • Jan 25, 2013 11:19pm Jan 25, 2013 11:19pm
What problems with connection?

Does anyone face problems with slippage in limit orders? I've been using limit orders extensively, and wanna find out if anyone suffered bad slippage due to widened spreads and stuff.
  • #3,317
  • Jan 28, 2013 3:22am Jan 28, 2013 3:22am
This is not the worse part.
The worse is the second-by-second interest rate.

BE CAREFUL WHEN YOU SET YOUR TRADE TO BREAK EVEN. YOU CAN LOSE MONEY IF YOU DO THAT.
  • #3,318
  • Jan 28, 2013 4:08am Jan 28, 2013 4:08am
wow excessive spread = 1.5 pips !!! lol
  • #3,319
  • Jan 28, 2013 4:25am Jan 28, 2013 4:25am
Quoting eurotrash
It's excessive when (a) Oanda rarely used to have 1.5 spreads in EU in the past during London, (b) their markup is probably 3x or more of what they're paying, and (c) I can pay a fraction of the cost that Oanda charges me to trade elsewhere. Oanda is my favourite dealer but the spreads are getting more and more on my nerves.
i 100% agree.

these spreads are getting ridiculous.

One of these days i'm gonna snap and just close my account and leave this hell hole of a broker.
NocturnalFX is no longer offering commercial services
  • #3,320
  • Jan 28, 2013 9:43am Jan 28, 2013 9:43am
Quoting eurotrash
It's excessive when (a) Oanda rarely used to have 1.5 spreads in EU in the past during London, (b) their markup is probably 3x or more of what they're paying, and (c) I can pay a fraction of the cost that Oanda charges me to trade elsewhere. Oanda is my favourite dealer but the spreads are getting more and more on my nerves.
You probably don't understand that Oanda is charging higher spreads than advertised for years, probably since their very beginning.

The spread showing on your trading box is fictitious, the price you get as soon as you open a trade is the real one and it does fluctuate, always did and always will .

Some call this slippage but in reality is the natural fluctuation of spreads.

Now Oanda and other brokers used to hide this fluctuation keeping the displayed spread in your order box stable. Than you open a trade and BAM you get the current spread not what was displayed.

Usually the majority of traders can't check their trades with such precision to realize what is going on, and even if they do their findings are blamed on "slippage" which is legal.

Recently the courts and judges had found some brokers guilty of misconduct so they are trying to cover their butts adopting dynamic spreads.

It is just a gimmick to protect them in case a joint lawsuit is filed against them.

If you grasp what I just told you you are half way there, the red pill is in your mouth, just swallow it and you will find a lot more.
So, you think you have rights? LOL
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