did oanda just drop its spread for eurusd to 1 pip?
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Thread: did oanda just drop its spread for eurusd to 1 pip?

  1. #1
    I know that oanda spread is not fixed but this is the first time I watched eurusd spread on oanda drops into 1 pip! Even disperse on usdjpy drops to 2 pips!
    Any comment?

  2. #2
    The matter is, Oanda costs you a spread of 1.5 pips for EURUSD but also quotes you a different price than market, thus charging you more pips.

  3. #3
    Quote Originally Posted by ;
    The thing is, Oanda charges you a spread of 1.5 pips for EURUSD but also quotes you a different price than market, thus charging you more pips.
    How do you figgure that?
    Should you trade at oanda you're trading in their prices.

  4. #4
    I am still highly doubtful of OANDA later it turned out their 200 pip spread spike on NFP was - and this is the scary part - a mistake entering a MANUALLY MANIPULATED SPREAD. It would seem the man entered 200 rather than 20 - which subsequently just means they widen their spread unnaturally on news instead of their we're only mirroring the market asserts.
    If you are trading at any time on a news day this basically amounts to just another type of cease searching by simply widening the bashing radius of the disperse if you ask me.
    This practice has made me highly doubtful of Oanda. Now I am aware that it isn't fun to have 80 percent of your customers misuse your system with newstrading, however if everything you do also means stopping out standing or intraday traders for no good reason (i.e. artificially made prices) then I can not endorse that either.

    I mean, christ, we made a mistake going into the spread. . .that alone...

    Additionally I have looked at their disperse history on cable, is it standard that the average spread is 4-8 pips during any particular day? And by far worse on news it would seem, rather than only DURING news, but simply during the afternoon with 3-4 red news things.

    I really like a lot of port attributes they have (though I don't understand why they have to use 3 rather than 4 hours) like the units or % defaults, but I believe they don't have TS and people disperse tinkerings render one with a very sour taste. . .anyone with deeper info on all of this?

    And am I the only one that thinks it's deeply cynical to claim 1$ trading then charge 40 for withdrawals?
    Bit like Yea you can exchange with small money with us, you simply won't ever see it . Consider it like paying to see the movies!

  5. #5
    I will provide some comments about Oanda. I've been trading live with Oanda since March 2006. Due to the way I trade, stop hunting or disperse widening does not impact me, so I am happy with Oanda. I do not care for their charts, therefore I utilize MetaTrader. I would also like to see. I've never been billed for withdrawals. I guess it is because I request refunds by check every last Sunday of every month so that I'll have the check at the end of week. Somebody is listening and things will improve for everybody.

    Happy Trading...

  6. #6
    Quote Originally Posted by ;
    I'm still highly doubtful of OANDA after it turned out their 200 pip spread spike NFP was - and this is the scary part - a error entering A MANUALLY MANIPULATED SPREAD. It would appear the guy entered 200 instead of 20 - which in turn just means that they manually widen their spread unnaturally on news instead of their own we're only mirroring the market claims.
    Quote Originally Posted by ;
    In case you're trading at any moment on a news day this basically amounts to another type of cease searching simply by extending the bashing radius of the spread if you ask me.
    This practice has made me highly doubtful of Oanda. Now I know it isn't fun to have 80 percent of your clients misuse your system with newstrading, however if what you do also signifies stopping out standing or intraday traders for no good reason (i.e. artificially made prices) then I can not endorse that either.

    I mean, christ, we made a mistake going into the spread. . .that alone...

    Also I've looked at their spread history on cable, is it standard that the average spread is 4-8 pips during any given day? And by far worse on news it would appear, and not only DURING news, but simply during the day with 3-4 red news items.

    I actually like a lot of port features they have (though I don't know why they need to use 3 instead of 4 hours) such as the components or % defaults, but I think they don't have TS and people spread tinkerings leave one with a very sour flavor. . .anyone with info on this?

    And am I the only one who believes it is deeply cynical to maintain 1$ trading and then charge 40 for withdrawals?
    Bit such as Yea you can exchange with small money with us, you just won't ever watch it again. Consider it like paying to see the films!
    The 200 pip spread on GBPUSD was possibly the final straw for me...

    The assert at Oanda is that everything is 100% automated, which would presumably contain the transactions and rates using their partner banks. Nevertheless, it was always suspect to me they could increase the spreads to precisely 20 pips on GBPUSD during news releases and occasionally for 10 minutes after the release! Now, those spread increases infrequently influenced me (except a couple with AUDUSD and of course, the famous 200 pip GBPUSD spread ), but it clashes so obviously with the claims Stumm would create after these occasions and he finally deigned answer the complaints.

    So, you add the guide super-spreads Oanda institutes during news PLUS the slippage, and you get a picture that#8217;s far from the one that they paint. In fact, I really had a EURUSD trade accurate a reduction once the TP was put to 20 pip profit because of slippage! The amusing thing is there are lots of posters who claim to never experience any slippage. So, either they are shills or accounts are processed differently, which again, supposes someone is intervening with Some Type of flag on person accounts#8230;

  7. #7
    Quote Originally Posted by ;
    I have never been charged for withdrawals. I guess it's because I request refunds by check every last Sunday of each month so I'll have the check at the end of week. Hopefully somebody is listening and things will improve for everybody.
    This is my biggest problem together only after the spread item.
    I'm loed in Germany and they do not seem to have anything decent to provide for transferring money outside of the USA besides international wires.

    Their MINIMUM fee is 40 Euros for the first withdrawal, and people 40 PLUS another 25 (I believe it was) for any additional withdrawal inside precisely the same month.
    What type of logic is that? The more of your money you want back, the longer you have to pay? I'm sorry? And here I was thinking that it was MY money.
    And do not tell my cash transfers require some sort of intervention or management power, cash transfers are by now automateable thanks to this digital age provided that all the appropriate information is provided.

    Inside the European Union standard currency transfers aren't allowed to cost more than those inside precisely the same country.

    There's not any cheque option for outside of the USA or any other alternative that is more cost effective.
    Getting money from my account at any time and without needing too much friction along the way is very valuable to me. Not only do I need to be in a position to be flexible and choose freely (it's effectively a ball and chain in case your account is modest and the brokers understand this - oddly, DEPOSITING cash never incurs ANY fee. .) Between brokers, but I like to feel as if I actually still have the money that I have in my account. . .and do not need to pay (too much) to use my money. Call me silly.

    Currently still facing the problem of a too modest account (basically anything under 5-10k) simply not being really efficient on any broker, anyplace.
    May research IBFX, they seem to be somewhat more reasonable on charges, but not sure about my loion yet.

    Considering Germany and Switzerland are some of the bigger financial centres it's somewhat odd there isn't better logistical support here...

    Has Oanda ever offered an opinion towards permitting monitoring stops at any point by the way?

  8. #8
    Quote Originally Posted by ;
    how do you figgure that?
    Should you trade at oanda you are trading in their prices.
    Open the order window and compare what they quote you to the bid/ask they market underneath your account summary.

  9. #9
    Very good points , I have always been an Oanda advoe but its current advancement makes me wary advoing them anymore.
    Although I must say they're still hard to overcome when one is in need of micro management, this is the most important reason I'm with them. I was not affected (yet?) By spread widening mainly because I trade high timeframes and that I disregard the news, but I will start trying to find a replacement if items get even more cluttered.

  10. #10
    Hello!

    Yes, Oanda does charge 1,5 pips for eur/usd, but quite often you don't get the price that you see.
    There's a significant delay occasionally....and because dunningduke said:
    Open the order window and compare what they quote you to the bid/ask they advertise under your account summary.

    Greetings,


    link removed, see rule #3(german)

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