arto74

I was just wondering about Oandas pip spreads. They claim to have tight pip spreads, but right now the spread is 10 pips. Can anyone tell me how that's a tight pip spread? How on earth can people gain anything when there already 10 pips down? I'm used to about 3 pip spread, and I'm fine with that, but 10 is triple that, and more.

advfn2828

Hi

You are looking at weekend data and thin markets. OandA spreads are much closer during the main trading hours and in line with most brokers. They wil also widen during major news events again in common with most brokers.

If you look again on Monday you should see more realistic spreads.

Graeme

Unregistered

The "tight" spreads of Oanda widenning frequently and i see what they are the spreads of FXCMx2 orx3 in this moment.
Another issue with Oanda is the plattform what frequently(too) disconnect.
I don't understand how Oanda don't improve or the servers or the plattform.

uahmed

Hello,

I use oanda and it works great for me. I agree there is a disconnect problem sometimes but I usually just log out and log back in.

As for the spreads during the london and american hours they are quite impressive. eur/usd is .9 and gdp/usd is around 2.5.

Ali

mattman

Hi,

I trade on Oanda. 10 pips sounds high for Oanda. Which currency pair were you looking at? Also you may have been looking at weekend data; they are the only platform that I am aware of where you can place trades on the weekend, but with higher spreads.

The only problem I really have is the occassional disconnection problem, but it hasn't bothered me that much. I just resign in again and have no problem.

The biggest advantages for Oanda is that I can trade any amount. If I want to go long 2,000 euros I can go long 2,000 euros opposed to a 10,000 euro minimum. If I want to go long 1,565 dollars I can do so. It allows me to practice better money management. Another big advantage is the demo account doesn't expire.

DREBG

Thought you'd like to see this- it's actual, live spread changes in anticipation of a major market event (AUD Unemployment) at the bottom of the hour.

Watch the Aussi pairs hit 30 pip spreads! And there are dozens more vids showing the same thing @ Oanda.

Bottom Line:
Oanda + News Events = CRAZY Spreads!

(Not to say that spread-widening it doesn't happen anywhere else- it just seems MUCH more prevalent there than anywhere else, IMO.)

YouTube - Oanda spread on the AUD Employment Report march 14

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Blaiserboy

I have been using Oanda for several years.... their spreads do fluctuate and that can go against a scalper in fast markets....

There are tradeoffs with different brokers.......

Myself, I have found that using the fast charts are not always to my advantage.............. and therefore I am not so much affected by the spreads as my trades are of a longer nature.....

Tekmnd

Hi Dave

You video didn't play.
I can say though there are a lot of weird spread videos out there. Here is one showing FXCM micro with huge spreads. It shows the EURO/USD at 28.4 pips lol.



I trade FXCM micro, and I usually get 1-3 pips on EURO/USD, not 28.4 lol


Here are some vids on the AMERO
You can buy fake Amero coins at a bunch of novelty shops (just like you can buy money with Obama, or Bush or Clinton on it), but in the vids they are trying to present it like they got ahold of a real Amero. There are a bunch of vids using these novelty coins as 'evidence' of a plot to replace the USD with the Amero.




Cheers
Tek

advfn2828

Im pretty sure this is what took me out yesterday from a stop placed at breakeven to a loss of 20 pips.

If you are going to trade around the major news then you have to expect volatiltiy which could go either way of course, and the spreads are simply a reflection of tightened liquidity due to the massive buying/selling

Graeme

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Unregistered

I am trading 7 months now with Oanda and from the first day I suffered constantly disconnections from the ver bad plattform.
This issues only happend with Oanda, my connection is excellent for all other software what I connect to internet.
The helpdesk talks me about transients, the java cache, etc, etc. Nothing was better for me.
I continue with the issues, I patiently wait the seconds to open the plattform, i have disconnections and the same history.
Obviusly I have slippage too.

The Oanda plattform is one of the worst in this market period.

I am looking to take my bussiness and make it in another place and suggest to everybody what not trade in very big timeframes not open an acount with Oanda.