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I went short GBP/USD twice during news releases and twice the spread went from 7 up to 20 and even 30 pips!
I talked to Oanda's support regarding their increase in the spread during news releases and all I got from him was "market condition"!
All forex brokers are dealing with the same market conditions and of course they increase the spreads but they don't double or even triple it!
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
3.2
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:
Deposit/Withdraw
Bank Wire, Credit card, PayPal
Platforms:
Metatrader, FxTrade (Java), iPhone, iPad, Android, Blackberry
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