May-23-2012Brokers:Swissquote launches Swiss DOTS - a derivatives trading system
May-24-2012Software:Markets.com launches Sirix - Leverate's new social trading platform
May-01-2012Signals:xForex provides traders with free forex signals
May-24-2012Market:Chinese Pmi Hsbc Drifts Further Lower Into Contraction at 48.7

Bottom line: Oanda is still a bucketshop

Basically I'll just confirm what most others have already written: Oanda has good execution and some nice features, but their spread widening that happens so frequently takes them from being a potentially excellent broker to being clearly below average.

Spreads widen not just at news. Even when there's no news, if even the slightest hint of volatility appears in the market, spreads immediately double or triple, and stay that way for a long time. Often for a good 20-30 minutes or more. Of course their spreads at news are patently ridiculous of course, but again, I'm not even talking about news; just regular trading.

Bottom line Oanda is still a bucketshop. They make money when you lose. They (or anyone else) can try to spin doctor that fact any way they choose, but it doesn't change anything.

Bob 2011-09-28