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#1 Sept. 22, 2011 06:00:00

DivGH8
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Outrageous Spreads at Oanda

EURUSD 1.5
USDCHF 3.0

and it's getting worse

[ September 22, 2011, 06:02 AM: Message edited by: Xaw ]


Oanda website: <b>“ Get the Oanda advantage Tight Spreads, No Strings Attached. It's easy to claim ”low spreads“ in your marketing copy. Online brokers do it all the time. Oanda’s spread policy is simple: to offer the tightest spreads possible ”</b>

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#2 Sept. 23, 2011 05:02:00

Hova
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Outrageous Spreads at Oanda

1.4 currently on Eur/Usd

Good old times when it used to be 0.9...oh wait, that was only a yea ago !!!

~55% increase in costs !....cmon please you can't be serious !

[ September 23, 2011, 05:43 AM: Message edited by: Hova ]


Never whishing, always trading.

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#3 Sept. 25, 2011 19:47:00

Kimos
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Outrageous Spreads at Oanda

I don't know why they don't keep at 0.9 as used to do! Theyw ere only broker with such tight spread

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#4 Sept. 26, 2011 03:53:00

kramer
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Outrageous Spreads at Oanda

quote:
Originally posted by Kimos:
I don't know why they don't keep at 0.9 as used to do! Theyw ere only broker with such tight spread

Oanda's spread algorithm is tied to the actual, live risk profile of the market.
Currently the markets are in a highly volatile situation, thus forcing Oanda to increase the spreads in order to secure thier own survival.

None of us would want them to fail for lack of proper risk management - would we?


With the right approach, you will find order and patterns in chaos ...

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#5 Sept. 26, 2011 04:46:00

DivGH8
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Outrageous Spreads at Oanda

quote:
Originally posted by kramer:
quote:
Originally posted by Kimos:
I don't know why they don't keep at 0.9 as used to do! Theyw ere only broker with such tight spread

Oanda's spread algorithm is tied to the actual, live risk profile of the market.
Currently the markets are in a highly volatile situation, thus forcing Oanda to increase the spreads in order to secure thier own survival.

None of us would want them to fail for lack of proper risk management - would we?

strangely the increased spreads are targeting specific pairs and they are not happening during fast markets, during this debt crisis or during the last months, but it is a negative trend that Oanda has taken

spreads have increased over the course of the last 2 years or more

USDCHF 3.4 now

[ September 26, 2011, 05:02 AM: Message edited by: Xaw ]


Oanda website: <b>“ Get the Oanda advantage Tight Spreads, No Strings Attached. It's easy to claim ”low spreads“ in your marketing copy. Online brokers do it all the time. Oanda’s spread policy is simple: to offer the tightest spreads possible ”</b>

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#6 Sept. 26, 2011 10:19:00

bugscoe
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Outrageous Spreads at Oanda

Spreads have been pretty much higher the entire year. Worse yet has been the short term trading in the E/U. Terrible volatility.

Everyday has been like trading a holiday.

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#7 Sept. 29, 2011 10:28:00

Tarasco
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Outrageous Spreads at Oanda

OANDA and other FX brokers are Market Makers and earn revenue via spreads and on interest on their own capital accounts. In short, their is little risk (if they are using a large stable bank as custodian)to managing trading activity. They make money regardless of how a specific trade goes. Their real risk is in trading (managing) their own accounts. Only three ways to increase a companies revenue: 1) increase prices (spreads); 2) increase market share; or 3) Add services/products.

OANDA is doing all three - completely expected by any company.

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#8 Sept. 30, 2011 17:08:00

laurinkus
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Outrageous Spreads at Oanda

Looks like long stops got hunted at 1.3380 with temporary spread increase just before close.

 -

[ September 30, 2011, 05:18 PM: Message edited by: laurinkus ]

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#9 Oct. 1, 2011 21:04:00

zandpiper
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Outrageous Spreads at Oanda

10-15 pips in 14 seconds. Impressive. lol

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#10 Oct. 2, 2011 05:47:00

tar
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Outrageous Spreads at Oanda

quote:
Originally posted by kramer:
quote:
Originally posted by Kimos:
I don't know why they don't keep at 0.9 as used to do! Theyw ere only broker with such tight spread

Oanda's spread algorithm is tied to the actual, live risk profile of the market.
Currently the markets are in a highly volatile situation, thus forcing Oanda to increase the spreads in order to secure thier own survival.

None of us would want them to fail for lack of proper risk management - would we?

Exactly , at current volatility 1.4 pip spread is in reality tighter than 0.9 pip at times of low volatility , one should compare spreads with ATR , of course noobs dont know this ...

[ October 02, 2011, 05:51 AM: Message edited by: tar ]

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