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Oanda is nothing but SCAM. They picked my stop loss 36 times in a row

Please, this is a scam. Do not open your account in the forex market period. Nothing but SCAM. The chart is fake. If you invest more than 5000 unit as they call it you will lose your shirt. SCAM SCAM.

When trading I realized after two weeks of trades weird things happening such as the chart I was basing my trades on was not reflective of the curent markets data. I will put 30 pips stop loss I got picked 36 times in the row. What is the odd of something like that happening? It happened twice last week. I will go back to check my works on the historical charts of 5mn and it does not reflect any event that has happened. Everytime I traded more than 10000 the market will change direction and go very fast in the opposite direction.

The updates of winnings dollars is slow to upadate when a trade is against them.We are not mad just desappointed to see that you will have company like that acting in such a manner and getting away with it. The account was closed last thursday to our surprise our bank account was credited properly. We were expecting something bad to happen. I was so amazed I decided to see if this company was legit. I googled it by asking. I was stunned to see that i was not loosing my mind. I intend to open another account but this time I will select a company with less problem and certainly not a market maker.

Jeremy, Goforex 2009-08-03

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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