Advertisement

Broker Categories

Oanda: 40 pip spread for GBP/USD during news

Hey guys. I have been trading with oanda for years and have always encountered a 15-20 pip spread for GBP/USD at major news release time (sometimes more, but very rarely). I have just come back from a long break and I am now copping around a 40 pip spread for GBP/USD. Anyone know if this has become a regular thing for oanda.

Also would like to here from guys using ecn/stp systems if they have whitnessed increase spreads of this magnitude for GBP/USD lately, or is OANDA starting to take the piss a bit?

As far as I have noticed, EUR/USD is still generally 10 pips at news time, same as it always was.

Cheers guys

Agro, Forexfactory.com 2011-02-03

OANDA OANDA FX Review

Oanda Review: Oanda FX  real spread on MT4

Find Better Broker 

Headquarters:140 Broadway, 46th Floor, New York, NY 10005 

Country: United States

Regulated by: CFTC, NFA , MAS, FSA, IIROC, DFSA

Branches:
OANDA UK 
OANDA Japan 
OANDA Asia Pacific
OANDA Middle East 

Trader's rate 3.2
Editor's rate 3.8

Account Details: 

minimum deposit: $1

minimum contract size: $1

max leverage: 1:50 

 

Spread:

Variable, from 0.8 pips on EUR/USD

 

Dealing:

Market Maker

 

Deposit/Withdraw

Bank Wire, Credit card,  PayPal

 

Platforms:

Metatrader, FxTrade (Java), iPhone, iPad, Android, Blackberry



Follow forexbrokerz on Twitter

Latest Forex News

© 2012 ForexBrokerz.com