Oanda users - Oanda widening spreads 62 replies
Variable Spreads and Average Spreads 0 replies
DislikedI just opened an account with Oanda yesterday.
Is it common practice for them to widen the spreads to 10 at this time of the day OR this time of the day on Friday's? It's 3:05pm (CST) as I post this.Ignored
DislikedWell, it looks like 7:00pm is the magic hour on Sunday as now the pips are just about back to normal.Ignored
DislikedWell, it's Sunday night, 6:35pm CST and I still have 10 pip spreads! WTF?
I'm quickly deciding that Oanda will not be living up to all the positive feedback I've read about.Ignored
DislikedThanks for all the replies guys! All is well now and I'm liking my experience so far. I only opened account with a very small amount so I could get a feel for the fills and speed of execution with live acct. So far all is good.Ignored
DislikedOANDA prints all of our spreads for the last 7 days so you can see exactly what spreads have been during which hours and as others have already said spreads increase during weekends due to illiquidity in the market.Ignored
I don't think I'm allowed to link to our site directly but if you go to it yourself and look for the "Recent Spreads" page or do a google search for it you should find it.
As for whether it's common, that really depends on what market events are occuring that week and can very from week to week.
Please let me know if you don't find it and I'll try and help you further.Ignored