Thread: Oanda large accounts

Hey I was wondering if anyone has big accounts with oanda? Maybe 5-6 figures. Are there any price manipulations or anything else involved with such large accounts?

thanks

Yep, but they do not have a working desk - maybe not a timeless one.

For my trading style it is ok. I really don't scalp, I really do grid trading with lots of limit orders (ought to have a 100KT status. *gg*). My fills are most of the time perfect in addition to my take profits. I have larger problems with my MT4 broker than with Oanda...

Regards -

Hahah which means I cna hope my little money with them hahha!
Thanks for the help!

Which are the complaints you're hearing?

Originally Posted by ;

Yep, but they don't possess a working desk - maybe not a classic one.

For my trading style it's ok. I don't own scalp, I do grid trading with lots of limit orders (ought to possess a 100KT status. *gg*). My fills are all the time in addition to my take profits. I have bigger problems with my MT4 broker compared to Oanda...

Regards -

I agree with you. For your style they are OK - but I am becoming more and traders whining about them. Personally, I believe trading with them (or anybody else) using market orders is nuts. But you are correct, in comparison to this MT4 bucket shops, they are better.

Originally Posted by ;

The only complaints I know are about the spread widening through news. I must say that most of the complainers don't have any real clue how things going on in the Currency Market market. Spread widening and slippage are common matters...

The only real complaint I ever had was a stuffed limit order where the price never reached the order but was stuffed anyhow: http://www2.oanda.com/cgi-bin/msgboa...;f=17;t=003585

However Oanda did react very fast and imputed the reduction for my account.

Regards -

I'm not speaking about spread widening through news. That happens everywhere (even on institutional hubs); even though the widening of spreads in a working desk (market making) firm is completely artificial. What I mean by that is that it is due to a the manipulation of the broker. That's why you see the spreads stay widened even minutes after the real release. That rarely ever happens on an institutional hub where you have banks and other financial institutions posting prices. It's true that banks pull money during important news releases. This results in the spreads to widen somewhat - but that action is far from predictable and the spreads come back to normal fast.

The issues I am talking about occur during non news times should you exchange busy enough - these as frequently getting slipped a few pips when the market isn't moving much, having the price lag the normal market, etc..

IMHO the spread is very fair for this pair.

Regards -

There shouldn't be any problems but you can better figure out in the event that you ask this on at oanda's forum.

Originally Posted by ;

hey I was wondering if anybody has large accounts with oanda? Figures. Are there price manipulations or anything involved with such large accounts?

Thanks

Out of our dealings with numerous traders who want to trade for us (along with other money managers that have), I believe Oanda does manipulate the price somewhat. Nevertheless, they're probably the best market-maker on the market to set up an account with. My personal opinion would be to go with an ECN, commission-based model when you're handling a 5 or 6 figure account.

I've a 5 amounts account with them and I am delighted with Oanda.

Regards -