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Oanda holds your trade for up to 10 seconds during news

Oanda is a toy, as many other user said, a lot of execution problem, especially during very active market, for e.g. today, 15 Oct 2010, after 0815 Barnanke give a speech, market become active and problem occur, they hold your trade for up to 10 seconds, and worst, at the most active time, It disconnect at all, after the market clam down, I can reconnect with a lost of about $20 dollar gold.

It is not a individual case, I experience disconnect often, I am sure that it is not my internet problem because I dun even have a single disconnect when I use IB.

In brief, trade as your own risk, when someone give them a "five star", I doubt "how frequent they trade?" as an active trader, I will close my account next Monday.

DayTrader, FPA 2010-10-15

OANDA OANDA FX Review

Oanda Review: Oanda FX  real spread on MT4

Find Better Broker 

Headquarters:140 Broadway, 46th Floor, New York, NY 10005 

Country: United States

Regulated by: CFTC, NFA , MAS, FSA, IIROC, DFSA

Branches:
OANDA UK 
OANDA Japan 
OANDA Asia Pacific
OANDA Middle East 

Trader's rate 3.2
Editor's rate 3.8

Account Details: 

minimum deposit: $1

minimum contract size: $1

max leverage: 1:50 

 

Spread:

Variable, from 0.8 pips on EUR/USD

 

Dealing:

Market Maker

 

Deposit/Withdraw

Bank Wire, Credit card,  PayPal

 

Platforms:

Metatrader, FxTrade (Java), iPhone, iPad, Android, Blackberry



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