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#1 Oct. 4, 2011 05:12:00

DivGH8
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Outrageous Spreads at Oanda

Clearly there are some newbies who do not understand the difference between a rising ATR and a broker raising spreads

The idea that "at current volatility" 1.4 pip spread is in reality tighter than 0.9 is a joke

Oanda has been raising spreads over the course of more than 2 years now: until 3-5 years ago Oanda was in a spread reducing trend ( on their website they stated they wanted to offer the lowest spreads on the marketplace ), but now Oanda is in a spread raising trend


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 Oct. 7, 2011 05:46:00

Hova
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Outrageous Spreads at Oanda

0.6 for nearly 5 mins!!! omfg...


Never whishing, always trading.

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#3 Oct. 7, 2011 10:20:00

laurinkus
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Outrageous Spreads at Oanda

It actually lasted a bit longer... for 16 minutes :-)

I'm wondering whether such a tight spread really reflects market conditions as OANDA tells us? To me the more likely scenario is that it was set manually .

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[ October 07, 2011, 10:22 AM: Message edited by: laurinkus ]

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#4 Oct. 7, 2011 11:37:00

dac
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Outrageous Spreads at Oanda

You can compare brokers spreads in real time here
http://www.fxintel.com/live/

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#5 Oct. 7, 2011 12:06:00

trash
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Outrageous Spreads at Oanda

@Laurinkus, do you use Oanda's API?

Those 0.6 pips are not new. They have already occurred in the past a few times.

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#6 Oct. 7, 2011 16:11:00

laurinkus
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Outrageous Spreads at Oanda

quote:
Originally posted by trash:
@Laurinkus, do you use Oanda's API?

Those 0.6 pips are not new. They have already occurred in the past a few times.

After digging more into it I found that even lower EUR/USD spread could be observed at OANDA:

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There's how it looks from inside:

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[ October 07, 2011, 04:12 PM: Message edited by: laurinkus ]

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#7 Oct. 7, 2011 18:18:00

trash
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Outrageous Spreads at Oanda

Yes, can confirm it. Don't know whether it's an error.
@laurinkus, how did you fetch the data of today?

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#8 Oct. 7, 2011 22:21:00

030985
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Outrageous Spreads at Oanda

I did not have time to capture the screenshot at that time, but I can confirm having observed a 0.0 spread for EUR/USD twice [Smile]
But each time, it was very quick ^^.


"Contradictions do not exist. Whenever you think you are facing a contradiction,check your premises. You will find that one of them is wrong." Francisco d'Anconia

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#9 Oct. 8, 2011 08:36:00

laurinkus
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Outrageous Spreads at Oanda

@trash, by using kind of an API.

[ October 08, 2011, 08:37 AM: Message edited by: laurinkus ]

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#10 Oct. 10, 2011 12:19:00

DivGH8
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Outrageous Spreads at Oanda

usdchf 2.3
eurusd 1.4
gbpusd 2.1
usdjpy 1.2
nzdusd 2.2
usdcad 2.4
audusd 1.9

[ October 10, 2011, 12:21 PM: 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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