Oanda Limit Order WARNING

Discussion in 'Forex Brokers' started by Joab, Jul 26, 2007.

  1. Joab


    I had a short working on the AUD/USD

    I entered a Limit at .8830 to take profits when the market was above it.

    The ask went to .8830 the bid .8827 BUT the open limit order did not trigger.

    Of course the market rallied and hit my stop for a small loss.

    When I called them requesting a fill they told me that because AUD/USD trades in pipettes (no pipettes were showing on my charts) that it only traded as low as .88301 and no fill was granted.


    Forex firms are notorious for scamming people and it's little things like this that only make it worse for them and ultimately they will shoot themselves in the foot and lose good business.

    Beware !!!!
  2. You realize you can set it to NOT hide pipettes, right?
  3. Joab


    Yes now I do .... :)

    I rarely trade pairs and rarely the AUD/USD.

    Somehow I got into my mind that pipettes only applied to traders with account values of less then 5000 and only IF you opened a mini account.

    don't ask me why I thought that but I did .... :D :D :D
  4. Gotcha. It's a good post to let people know there are pipettes, but Oanda isn't really at fault for this.