Is this broker a wolf in sheeps clothing?

thread: Is this broker a wolf in sheeps clothing?

  1. #1
    Junior Member Garras's Avatar
    1

    Is this broker a wolf in sheeps clothing?

    Been with OANDA a few years (I'm in the US, we have few options, possibly Trump can do some good and change it, we simply need to get it on his daily flash cards). Recently I've discovered that OANDA is quite vanilla at the centers it supports. E.g., OCO (bracket trading) is a fairly common egy; but they do not support it. (Nor have I found a decent EA to do so on MT4. IBFX utilized to provide one). Am I just delusional (there is a direct line), or are they doing as little as possible for one to triumph (once you discover your border, get your mind right, practice self-discipline, etc.)?

  2. #2
    Junior Member irch's Avatar
    21
    Been with OANDA several years (I'm in the US, we have few choices, maybe Trump will do some good and alter it, we simply need to get it on his daily flash cards). Lately I have discovered that OANDA is very vanilla at the facilities it supports. E.g., OCO (bracket trading) is a pretty common egy; but they don't support it. (Nor have I found a decent EA to do so on MT4. IBFX utilized to provide one). Am I just delusional (there's a direct line), or are they doing as little as possible for one to triumph (once you discover your edge, get your mind right,...
    Oanda really wants you to triumph. Here is leaflet they set out a couple of years back. By among the founders. I started a thread on it back in the day.

    https://www.cliqforex.com/trading-sy...omic-data.html

  3. #3
    Been with OANDA several years (I am in the united states, we have few options, perhaps Trump can do some good and change it, we just have to get it on his daily flash cards). Lately I have noticed that OANDA is very vanilla in the facilities it supports. E.g., OCO (bracket trading) is a fairly common egy; but they do not support it. (Nor have I found a decent EA to do so on MT4. IBFX utilized to provide one). Am I just delusional (there's a direct line), or are they doing as little as possible for one to succeed (once you discover your border, get your mind right,...
    Oanda is okay. They are honest, and above board. The biggest problems I have had together involve the regs we are working under. Fifo. They've a workaround, but it is sort of janky. Not their fault though.

  4. #4
    Junior Member Oxscoty's Avatar
    17
    Been with OANDA a few years (I'm in the US, we have few options, maybe Trump will do some great and alter it, we simply have to get it on his daily flash cards). Lately I have discovered that OANDA is quite vanilla at the facilities it supports. E.g., OCO (bracket trading) is a fairly common egy; however they don't support it. (Nor have I found a decent EA to do this on MT4. IBFX utilized to provide one). Am I only delusional (there's a straight line), or are they doing as little as possible for one to succeed (once you discover your border, get your mind right,...
    They supply a really nice API so that you can't really argue they're trying to provide as little as possible. They may not package everything up using a bow for you but their API is so pleasant and easy to use.

    The only fair criticism I think Oanda gets is their own spreads. They are too damn large...

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