Oanda's Site states the following: (quoted on 10/25/2007)
I would like to hear everyone's take on Oanda's statement.
Taking into consideration that OANDA is a market-maker broker, is it still possible for OANDA to profit when we consistently make money?
Has anyone ever been turned away from OANDA for making too much money?
Your comments are very much appreciated.
QuoteDislikedExcept for residual amounts, we fully hedge our clients' positions. All the time. So there is no conflict of interest. We benefit most when our clients are profitable and we have nothing to gain when they are unprofitable.
Taking into consideration that OANDA is a market-maker broker, is it still possible for OANDA to profit when we consistently make money?
Has anyone ever been turned away from OANDA for making too much money?
Your comments are very much appreciated.