Thanks bugscoe, guess I'll just stay where I am, it's just CMC don't have a manager front end and all the clients are re-funding their IB accounts, means trading two platforms. Maybe IB have got FX Trader working well by now, I just can't find anyone who actually uses it!
Just found this managed forex program through forexpeacearmy http://rovecapital.com/Dresden Account.html They have minimum +1 million under management and are tracked by BarclayHedge. Guess what broker they are using ? Right, our scammy Oanda They seldom hold trades longer than 24 hours > daytrading http://rovecapital.com/activemanagement.html Cable, let me know of such a profitable managed program (annual rank 4th ) tracked by BarclayHedge using your honest CMC bucketshop ! LOL
lol, which bit of "CMC don't have a manager front end" didn't you quite understand? I know it must be complicated for you but try, you'll get the hang of it eventually......or maybe I'm giving you too much credit! In case you didn't know the average Oanda trader doesn't manage 1m so your little find isn't really that relevant to the thread but don't let that worry you. C'mon flutty, you can do better than this surely, it took you 3 hours to think that up and you still fluffed the punch line Hey, maybe you could explain all these mystery spikes and off quotes, go on, give it a shot! We've already had aliens and laser beams so be original...... (Ooops, another happy Oanda customer by the look of it, lol)
You say it's too much, but you've been posting about these "scams" since May 5th or so. Are you slow or something? Why don't you just stop using Oanda? I honestly don't get it. If I was annoyed at a practice that a market maker was doing to me (whether real or perceived) I certainly wouldn't stay with them another 90 days.
During this time I was playing only a little, after I've made some real losses again. I was also very busy with PhD. In one of the posts I have finally decided to stay with Oanda for some time... If I am not profitable, I will not be only if I change a broker! My friends started making some real beautiful profits using a new method recently, so I wanted to check, how it works on demo account just a few days ago. ONLY ONE DAY of the demo game showed these nonsense spikes: http://www.elitetrader.com/vb/attachment.php?s=&postid=1996540 which assures me not to deposit any more of my money on Oanda, but to simply change broker. Till that time I may practice on demo, but I will give them no money to STEAL again. Previously it happened rarely and was not so obvious, now it is.
Years ago the market got 80-120 pip spikes every now and then. If someone needs big money right now 100 pips is nothing. With big money it can be more profitable to hit all asks at once instead of trying to play it in the open and see the asks jacked way up. I wonder why the assumption of some posters is 'spike=scam' rather than 'lack of spike=scam'. Spike enables you to make money as opposed to a filtered feed. More spikes the merrier.
These spikes and off quotes are unique to Oanda and are not the market, and they're not tradeable without slippage to the market price or the trade being cancelled off later. Now why would Oanda do that?
It certainly seems to be more blatant, and nearly every day there's someone pointing out a price discrepancy. I gave Oanda the benefit of the doubt for so long and stayed with them because of FX Manager but you have to draw the line somewhere, the final straw for me was regular 20% slippage on every single trade. I'd have to be exceptionally generous to call that coincidence or just plain bad luck!