Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Justaguy

Oanda Traders Most Profitable

Recommended Posts

Under the new regulations in the FX industry, brokers are required to publish the profitability rates of their customers. One of the most interesting statistics is that Oanda (I posted a review about them a while back), out of all the brokers reported, has the most number of traders that are profitable.

 

Could it be that Oanda has had their leverage clocked at 50:1 for the majors for ions and this has caused more profitable traders?

 

They also have the most traders of any FX broker that has reported. I find this very interesting. I hardly ever see Oanda advertise while the others, love to have bonuses and other incentives to sign up.

 

As well, we hear the number 95% of traders fail. Most brokers reported about 25% of profitable accounts. Oanda had just over 50%.

 

So, in the end, has allowing traders crazy leverage been the demise of the majority of them? I would have to add that there are many as well, I am sure, who understood leverage and it never burnt their account.

 

Anyhow, interesting numbers and a nice look inside the brokers and how their traders are doing.

 

This is NOT my blog nor affiliated in any way. It just has the list:

http://forexmagnates.com/us-forex-brokers-account-profitability

Share this post


Link to post
Share on other sites

That's incredibly fascinating.

 

Didn't realize these numbers were on the way --- with the new regs it's actually very interesting.

 

I think you make a good point with Oanda and their restriction of margin - probably reduced the number of blowouts substantially and attracted a higher level trader perhaps. Also, from feedback I've heard there are less games with the executions and truer fills.

 

I do think it might even be encouraging to see in the 25% level as profitable -- I actually would have guessed it was a bit lower overall - of course these stats don't include all the accounts that have come and gone - I assume it's just active accounts now.

 

Thanks for sharing that.

 

MMS

Share this post


Link to post
Share on other sites

Good find. I have always though Peratos principle a good rule of thumb (80:20) most of these are close. Oanda seems to be a rare exception to the 'rule'. They always had a good reputation way back but I recall people having some difficulties a while back.

 

One has to wonder about the reporting criteria, presumably the account has to be 'active' for the period in question for example. Do 'free' accounts (e.g. the ones that the broker will fund with $100 for you) count? etc.

 

The real big question (I guess) is of those that are profitable, how many are 'marginal' (of course marginal is a pretty vague term).

Share this post


Link to post
Share on other sites

Do any of you guys who sing Oanda's praises do any day-trading?

 

If so, how do you deal with the double-digit spread-spikes around news, which often occur multiple times per day?

 

I like Oanda, it's just that those spread-spikes make it difficult/inconvenient to trade the intraday swings.

 

I'd be interested to hear your thoughts.

 

-Cory

Share this post


Link to post
Share on other sites

Hey Cory

 

For sure, Oanda can have some very short lived but large spikes. I have a rule...if I am not in a trade 5-10 minutes before the news, I skip any new positions until the same amount of time afterwards.

Share this post


Link to post
Share on other sites

Sorry, but giving some value to three months of performance means having no idea of the role of random. Three months with a big trend and trendfollowers are up, then it's somebody else turn. Also, remember that success brings more confidence, and more confidence brings ruin.

One year would be somehow indicative, and still far too weak an information. Statistically, in a large number of dumb traders you have some lucky ones that perform well for lengths of time that look amazing,

Most of those who made money in the quarter, will end the year as losers. Most of those who make money in the year, they'll lose the following one. The Pareto distribution is inbuilt in any business - and possibly in nature in general - and if financial markets are an exception, they are for an excess of failures, not success (as it is known since long). Anyway, the news on Oanda is interesting ideed. These guys make no ads but think, and the ads comes for free.

Share this post


Link to post
Share on other sites

I saw a schedule on another forum, but I thought the most interesting thing was the change in the number of accounts they were reporting. During the past year, FXCM went from 22,371 to 15,023 and FX Solutions went from 12,575 to 5,687, while Oanda went from 41,466 to 49,584. All the others were about the same.

Share this post


Link to post
Share on other sites
FXCM went from 22,371 to 15,023

 

I would imagine that part of the reason FXCM has lost so many accounts in the past year is the fact that they doubled/tripled the spreads on FXCM Micro.

Share this post


Link to post
Share on other sites

My ‘review’ of Oanda

 

Basically, I’m glad they are around.

 

For many years now, the primary reason I keep a 10:1 account open and funded at Oanda is infinite sizing. Some systems really benefit from precision MM / sizing.

 

Service: good

User interface: good, seamless. I personally like their reporting ‘style’ – the Trades, Orders, Positions, Activity tabs, etc.

btw – I would never use their charts or data unless nothing else was available and am not saying you should rely solely on their charts for data

Fills: Across time – acceptable (… but then again, I’ve worked many years on learning to take advantage of wildness instead of inwardly suffering about slippage).

 

Twice in the last 3 years I have been able get business done with Oanda when currenex and bank connections were inaccessible…

 

Anecedotally, I would venture that if a beginner can’t trade the cost levels of an Oanda account successfully, there ain’t much sense in trying to trade any other account. It’s the perfect way to train on a live account instead of some sim / paper bullshi

hth

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.