Oanda: our Balance earn interest? - Page 2
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Thread: Oanda: our Balance earn interest?

  1. #11
    Quote Originally Posted by ;
    Just asking on behalf of a friend:

    Can Oanda pay interest on unused margin just on their'traditional' trading platform, or does this apply to their MT4 platform also?

    Thanks,
    David
    What are the main differences between the OANDA fxTrade and OANDA MetaTrader platform?

    Interest #8212; At OANDA, interest is paid on a second-by-second foundation. Your MT4 account will receive this interest for positions that are carry positive, but the MT4 interface does not support the display of payments. To view your up-to-date account balance, you can sign into the fxTrade platform at any time.

    Account Balance / Reports 8212;Due to some fundamental differences in the way the two platforms calculate balances (for example, with interest and only unit transactions ), we advise that you routinely check the balance of your MT4 account by signing into the fxTrade platform. This equilibrium is the correct equilibrium, and is the one used in most calculations, including margin alert calculations.

    http://fxtrade.oanda.com/trade-forex...r/faq#maindiff

  2. #12
    Quote Originally Posted by ;
    What are the main differences between the OANDA fxTrade and OANDA MetaTrader platform?

    Interest #8212; At OANDA, interest is paid on a second-by-second foundation. Your own MT4 account will receive this interest for positions which are carry optimistic, however, the MT4 interface doesn't support the display of interest payments. To see your up-to-date account balance, you can sign in to the fxTrade platform in any moment.

    Account Balance / Reports #8212;Because of some fundamental differences in the way the two platforms compute balances ([b]for...
    , thanks to the data from your connection.

    My friend is interested specifically on interest paid on the unused margin in his account. Virtually all MT4 br0kers pay swap on carry-positive trades (and gather it on carry-negative transactions ). But, there are a few br0kers who additionally pay interest in any unused margin at the trader's account (AxiTrader is an example).

    I will ask Oanda's helpdesk, because the definition of their web page is apparently unclear. It's correct that the MT4 interface doesn't support the display of interest payments, but other MT4 br0kers get around this by treating it as additionally deposited funds.

    Thank you for your reply,
    David

  3. #13
    Quote Originally Posted by ;
    I'll ask Oanda's helpdesk, since the definition on their internet page is apparently unclear. It's true that the MT4 interface does not support the display of interest payments, but other MT4 br0kers get around this by treating it as also deposited funds.
    You're welcome. I just took it to imply that they haven't configured the MT4 platform to incorporate the daily interest on balances and that is why you have to log in the FX Trade Platform to observe the true balance. I must admit that the explanation isn't that clear and that it could have been worded better.

  4. #14
    Quote Originally Posted by ;
    My Demo Oanda account has $100K in it. . I've got the demo sometime last year and once I moved back at it a few days before, I saw some $20 additional everyday.

    Can Oanda give us Daily Interest on the Balance? I am not speaking about any Swaps but instead about the money deposited...
    Yes. It is not just the demo, but also the account.

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