Oanda - Add Your SCAM SCREENS Here

Quote from cabletrader:

I agree, but I do believe the degree of price manipulation is very marketmaker specific, some seem to play it fairly straight while others blatantly move quotes to suit themselves. I always thought Oanda were pretty fair but just lately they're a joke.

I guess there's pros and cons to trading actual exchange quotes vs trading a virtual market, liquidity can be a big issue.

Oh well, I'll give it until the end of the month to see if things improve, if not then I guess we'll have to part company.
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Still, ImPO it's mainly suited to longer term trading where wider stops are used, if I had low trading capital, then perhaps I would have opened up a mini account & traded something like a daily chart's signals, a lot less chances of broker's quotes reaching your stops, which if trading intraday signals are often within 'noise'. Also I would not trade just 1 pair, but as many as capital would allow.
 
Quote from TRS:

Cabletrader, have you raised your grievance with Oanda via the Oanda trade Forum?
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Nope, no point, Oanda say the prices they quote are the prices they are prepared to deal at and they're not interested in what anyone else is quoting.

There are all sorts of clauses in their customer agreement which allow them to do pretty much anything they want so it's a waste of time discussing it with them.

Hopefully threads like this around various trading forums will make people aware of what they get up to, and depending on trading style it might not even bother them.

Just another bucketshop gone bad, what can anyone do
shrug.gif
 
Quote from Ivanovich:

Did you post on their forums? I went looking for your post but couldn't find it. Link to it...I'd like to get in on the conversation.
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I will do over the weekend, I want to put together something that isn't biased or unreasonable, just present the facts.

Giving Oanda the benefit of the doubt these are issues they may not be fully aware of.
 
Will follow that closely. I have been on those forums for years, but rarely post. I know all the fanboys (Orlando is one of them but so far he's behaved). The moment I see someone jump in to blindly defend Oanda, I'll jump in to attack them. But let's see how it goes.
 
Slightly defensive with only a couple of silly comments but generally quite tame so far.

I'm surprised that those who posted aren't more concerned, after all the quote differences aren't just a couple of pips.

Seriously, how could that happen, even bad data feed by Oanda's liquidity providers couldn't accocunt for such differences.
 
I leapt in...let's see if we can get a response from Oanda without turning it into a full scale flame fest.

Some of those folks at that forum are complete morons - but there are some good ones, too.
 
Quote from Ivanovich:

I leapt in...let's see if we can get a response from Oanda without turning it into a full scale flame fest.

Some of those folks at that forum are complete morons - but there are some good ones, too.
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Saw your post, but no reply from Oanda yet. I'll give it until the weekend then post some more screenshots.

It's a shame if they don't have the decency to reply, or perhaps an explanation would make them look bad, it's the only conclusion I can come to.

I'm a great believer in fate, one door closes (Oanda), another one opens (Barx)....
 
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