Anyone using Oanda?

[TribleBoob]

I am new to them.
they told me i can only withdraw the amount to credit card if i fund it by credit card.

So after i withdraw to my credit card, how can i transfer the money to my saving account or cash without incurring the cash advance fee?

TIA

 

[xersion]

It's true... U can withdraw it by ur deposit method... If u transfer by credit card I think there will be a cash advance charges incurred...
What u can do is once the fund is back to your card, make a call to the bank and request for a cheque for the excess amount..
Do note that for oanda funding by credit card you will be charged for for 1% dcc charge

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[TribleBoob]

It's true... U can withdraw it by ur deposit method... If u transfer by credit card I think there will be a cash advance charges incurred...
What u can do is once the fund is back to your card, make a call to the bank and request for a cheque for the excess amount..
Do note that for oanda funding by credit card you will be charged for for 1% dcc charge

Sent from Xiaomi MI 4I using GAGT

I have funded my account with credit card, but I wasn't charged for 1%. what credit card did you use?

 

[xersion]

I have funded my account with credit card, but I wasn't charged for 1%. what credit card did you use?

Used ocbc... Din know got the fee... Should have use scb instead

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[sacredrays]

I have funded my account with credit card, but I wasn't charged for 1%. what credit card did you use?

you charge in what currency? i only know sgd will tio..

 

[TribleBoob]

you charge in what currency? i only know sgd will tio..

I charged SGD only

 

[hwmook]

Used ocbc... Din know got the fee... Should have use scb instead

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SCB also got the cross border fees.

 

[xersion]

SCB also got the cross border fees.

NV Kenna for taobao leh.. Dunno about oanda..

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[zacattack]

I always fund my oanda account via bank transfer

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[joanie_dan]

Scb credit card confirm got charges for oanda. I was charged 1%.

NV Kenna for taobao leh.. Dunno about oanda..

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[joanie_dan]

I'm not charged by Ocbc though.

Used ocbc... Din know got the fee... Should have use scb instead

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[act333]

Oanda's card processor is in US, so 0.8% cross border fee incurred for all banks except OCBC and some banks.

Withdrawal by credit card up to 125% of your deposit amount. The rest of your profits should be wired out or via bank transfer.

 

[zacattack]

Can I also ask, how to always have your limit orders filled? Mine seems to always miss being filled

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[Shiny Things]

Can I also ask, how to always have your limit orders filled? Mine seems to always miss being filled

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If you want a guaranteed fill, you have to cross the spread, it's as simple as that. If you try to work an order and get filled slightly better, you're running the risk of not getting filled.

You can either capture the spread or get a guaranteed fill; you can't have both.

 

[zacattack]

If you want a guaranteed fill, you have to cross the spread, it's as simple as that. If you try to work an order and get filled slightly better, you're running the risk of not getting filled.

You can either capture the spread or get a guaranteed fill; you can't have both.

Thanks master!! Oanda spread is crazy. It goes up to 5 pips at times. That’s quite a big risk to take.. :/

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[xersion]

Oanda's card processor is in US, so 0.8% cross border fee incurred for all banks except OCBC and some banks.

Withdrawal by credit card up to 125% of your deposit amount. The rest of your profits should be wired out or via bank transfer.

I was charged 1% for my ocbc card... Any idea what's wrong?



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[Average]

Next time use debit card. Got mastercard or visa can liao.

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[TribleBoob]

Next time use debit card. Got mastercard or visa can liao.

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Debit card got no charge?

I confirm DBS card got charge.
I tested $10 got charged $10.1