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Have been with Oanda for a few years and the stop hunting has become so obvious that one questions the overall integrity of their purpose. Of course I make some lousy trades ...but in the last few weeks whenever my stop was in my favor it did not execute; against me ... instant.
On a few occasions I've had to come in with a market order to override the stop I had in place that was not honored. You can call it bad luck, but if luck is the residual of good design, then Oanda appears to be doodling with great care.
I will keep my account for now but the days of limit orders, for me, are over. I'll have to stay at the computer and watch my position so as not to get lulled into the belief that the stops are actually respected.
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
3.2
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:
Deposit/Withdraw
Bank Wire, Credit card, PayPal
Platforms:
Metatrader, FxTrade (Java), iPhone, iPad, Android, Blackberry
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