My experience of trading with Oanda is very positive. There are many features available on the website. If you have a real account, you get an access to huge database of historical prices. I use automated trading strategy and it requires backtesting on history. So I need high quality data and it's available on the website. The main point is that all data available in ticks. I can convert it to different timeframes and there is no need to pay extra money for data from other vendors. If you need good broker and high quality data for testing your algorithms then think twice about this one.
I like them due to deep market liquidity and competitive spreads. Nothing out of the common - just nice stable trading conditions.
Listen, I understand that this is a reputable broker but I am not satisfied completely with it. When I started, everything was perfect and suddenly the problems began. That sudden change occurred after I made profits several times. They stopped to execute orders. I thought something was wrong with my desktop, reloaded it and the pause was fatal for my deals. Perhaps I should continue but I’ve quitted at once. Though, it’s a pity. Here they offer innovative trading tools for analyzing the trends and stimulating the market, promise the secure trading.
fxcm and oanda are mothere forex brokers to the universe. no forex broker can be compared with them. seriously. once and once again thanks to them
the best and top and great and king forex brokers in the world are oanda.com and fxcm.com only for serious traders. because i have been trading with this two brokers for nearly 2 years. i accumulated $2m .
and by the way, the regulators are funded by FX dealer and just regulate how FX brokers can steal from clients. Clients have no recourse to regulators, absolutely nothing, these thugs all work to find ways to steal from the public.Look at the financial crisis caused by these thugs colluding with one another. They are above the law because they have backing of the regulator and the regulator reports to the government which as we now see is also crooked.
thanks, i thought it was NFA, difficult to see where they are regulated but one thing is sure, their chairman olsen is based in Zurich where oanda are NOT registered to operate
yes I did have regulators who did not bother to help, 3 times in fact, why? because they are paid to keep qiet by the fx dealers, probably the regulators are fx dealers just like banksters pay the government officials so they can continue to creat debt
thanks for the input regulator btw, 25 years ago I was trading with brokers via telephone calls. Yes it took me 25 years but there are many people who trade fx still, I wonder why because you cannot win unless you do physical money really, what do you think?
Why do you say that? Do you have first had experience with a regulator who ignored you? Who was it and which broker were you with at the time and what did they do? It would be interesting to hear about it.
US brokers are NFA regulated...Swiss brokers are FINMA regulated and also require a bank licence...UK brokers are FSA regulated...and so on and so forth. What do you see as your reason to say they are not regulated? Because there is no centralised, global regulator? Top brokers as well aswell regulated countries, have a respect for regulators around the world, case in mind is FXCM UK Ltd who just paid $140,000 to the CFTC.
Todd...wtf??? It has taken you 25 years to arrive at this conclusion about FX brokers??? What took you so long and what the hell are you doing on a FX broker website then...you are on a personal crusade??? BTW...25 years ago on-line FX did not exist...25 years ago neither did any of today's top FX brokers...25 years ago, as you state, you would have been trading/exchanging/converting with a bank, so were you being done by them as well? I am not here to advise on a good broker, I have one I have traded with for over 6 years, they are not perfect...no one is, but I am happy because I do manage to make profit, not always big of course. All I will say is try and stick with a broker with a lengthy history (at least 5 years) and from a reputedly well regulated country...that usually means European.
That would be fruitless and a waste of time because the FX market is not regulated at all, ANYWHERE!!! Sure FX dealers say they are members of the regulators but fail to tell you FX markets are NOT regulated by regulators, ask the regulators, they'll tell you the same too. These FX dealers all work with banksters to rob individuals, you might be lucky and get in and out with some profit but 99.99% individuals lose long term, that's fact.
I have tried many fx traders in past 25 years & can honestly say, ALL FX companies trade against their own clients so individuals have absolutely no chance of making money this way. The only way one can trade is by exchanging your own physical money that one owns & you need to find a good broker that will not charge huge spreads like the banks do. Physically hold the currency for however long it takes and then switch it back for a profit = you beat the FX traders because you trade your own physical money ETF, (no leverage). FX traders are just waiting for you to open an account so they can move the market away from you, look at the GBP to CHF failing 118% in 14 months, there isn't enough money on the planet to cause that so it's FX dealers working together as syndicates to rob individuals and there should be a law against it. I have spoken with mathematic experts who agree, fx trading is a waste of money and time for individuals. So to answer your question, I would not suggest any FX dealer, they are all crooked.
Well if you have an honest gripe and your broker has ignored your complaint or yopu are not satisfied by their resoning, then I would "sugest" you contact the regulator with real proof of wrong doing to you by your broker.
To Todd, if you want to make an official complaint you should contact IIROC who is Canada's regulator. iiroc dot com
ps...I also made profit so am not writing this because of losses, it's because of their utterly useless management and systems
I was customer with this bunch of crooks for 3 years. Made 17,000 small trades, over 3qtr trillion dollars in small trades. Made money in small amounts until they decided to target my account causing me losses of half million swiss francs. They also overcharge on bank transfer fees. My advice, stay away from them, they are the worst broker I have had in 25 years of trading. They openly brag about staff parties and bonuses on their website. Olsen sits in a office with one secretary over looking lake of Zurich, making billions from traders stupid enough to trade with oanda. This arrogant man refuses to talk to his clients as does his university & childhood friend Stumm in Canada. Client Funds are not protected but kept on Oandas own balance sheet!!!! very dangerous for clients. They often changed my account history transactions to the point I could not montior my account, their IT crowd deliberately kept changing my transaction history, yes, that's right!!! it's illegal. Of course there is also no one to report these thugs to. When I phoned their customer support, they returned my call threatening me. This is how the repay a customer who made over 17,000 trades in 3 years, paid 20,000 in interest and eventually lost half million with them. The platform continously crashes, they widen spreads often to 20 or 30 ticks. Fills never go in the clients favour and I filmed this for 3 years. Oanda are completely useless and should be in prison along with the bankers who support them.
Oanda has not SLIPPAGE !!!!!!!!!!!!!!!!!!:
The price showed in grafs is a average of bid and ask line. While in the metatrader is bid price.
Click on chart options (in top of grafh, right corner) and take your own conclusions.
To me the prices close straights
i am from indonesia, oanda is the best broker, who give negative comment for oanda is looser, maybe lose big money.,.,.