Oanda locked my account and they wont tell me why
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Thread: Oanda locked my account and they wont tell me why

  1. #1
    vuxxus96
    Guest
    I Have been trading with Oanda for over a year. Never had any difficulties. Every bit of information they asked for I gave them. I've been profitable over the last year and a half (I will crack the top 50 in percent profit most months) but do not place a lot of money in Foreign Exchange because of volatility and just fearful of being wiped out pressing the wrong buttons lol. And they wont let me trade together anymore and wont give me any reasons. Just told me that my tax information should be available mid February and to go away.

    So pissed off. I spend most of my $$$ and time with shares and just throw a couple grand at a time within my Foreign Exchange account. Can there be ANY Foreign Exchange broker that deals with these smaller amounts? There's no way in hell I would recommend doing any trading using Oanda. They are sketchy as hell. I'm taking a look at TDSinkorSwim and forex.com (profit) right now.

  2. #2
    jiSunsak
    Guest
    The story is just half put upward; it looks more imaginary than realistic. I mean, I will love to get whole idea not because it is FUNNY, but because it is IMPORTANT. If you seriously believe you're correct then let along looking at other businesses, so you are accepting that you're wrong or you are just doing time pass in this enterprise. If you are such highly profitable than firstly fight out. I will love to understand your Account number, as your account is secured, so let's give your Account amount at least so people who might be able to sort out issue might help you out. Once you do that then I will suggest you broker that I've been working together for last couple of years....

  3. #3
    vuxxus96
    Guest
    Just wanted to add... if Oanda locks your account for being overly profitable they'll ask YOU why your account is locked. All attribute is on you and they will not tell you why they locked the account. When I asked why my account was locked the answer was Do you know why your account is locked? What did you do to get your account locked? . I saved of my chat logs with them its there.

    There's obviously no answer to this if you did nothing wrong. They want people with easy money to choose. At one point I'd 300 profitable trades in a row despite the fact that they were little % gains. I'm sure luck played a role but I think that they got scared or something because they trade from you... Up to this point I loved working together with them in everyway...

  4. #4
    jttoax11408
    Guest
    Intresting.
    Why don't you told them, you don't understand why your account locked?
    300 profitable trading at a row? Arbitrage trading? Is it contrary to their TOS?
    Can they intend to return your money?

  5. #5
    cesrStthorrora98
    Guest
    Quote Originally Posted by ;
    I Have been trading Using Oanda for over a year. Never had any difficulties. Every bit of information they asked for I gave them. I have been profitable over the previous year and a half (I could crack the top 50 in percent profit many months) but don't put a lot of money in forex because of volatility and just fearful of being pumped out pressing the wrong buttons lol. And they wont let me trade with them and wont give me some reasons. Just explained that my tax information should be available mid February and also to pretty much go away. So pissed off. I spend...
    Arbitrage trading?

  6. #6
    AxuruC90
    Guest
    Why dont you report them? They certainly cant stop your profitable trades.

  7. #7
    SgesrcesyNudesSga
    Guest
    Quote Originally Posted by ;
    I've been trading Using Oanda for over a year. Never had any difficulties. Every piece of information they asked for they gave them. I've been profitable over the last year and a half (I could crack the top 50 in percent profit many months) but do not place a lot of money in forex because of volatility and just fearful of being wiped out pressing the wrong buttons lol. And they wont allow me to trade with them anymore and wont give any reasons to me. Simply explained that my tax information should be available mid February and to pretty much go away. So pissed off. I spend...
    I believe you're not providing us details to this story.

    Background checks did not pass? Issues with identity? address? bank? etc..

  8. #8
    JesvuskSesx
    Guest
    It's true Oanda is shit! They closed two of my transactions since being profitable and stated I closed them. Those sons of bitches. I reported them to the authorities and just waiting now.

  9. #9
    esnesny95
    Guest
    Quote Originally Posted by ;
    Just wanted to add... when Oanda locks your account to be overly profitable they'll ask YOU why your account is secured. All blame is on you and they won't let you know why they secured the account. When I asked why my account had been locked the answer was Would you know your account is locked? What did you do to get your account locked? . I stored all my chat logs with them so its all there. There is obviously no response to the if you did nothing wrong. They need people with simple money to choose. At one point I'd 300 profitable trades in a row even...
    Report FPA (Forex Peace military) or labs with legitimate proof.

    Similar rather post where OP do not explain valid reasons!!

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