Quoting jswansonDislikedi didn't say fixed spreads was not a bucket shop and i didn't say that spreads don't widen at news on ECN platforms. man. if you want my experience and advice; listen.
not all fixed spread brokers are bad. i'm not going to tell you where i'm getting execution because i don't want another oanda to happen. Spreads are likely to widen ahead of news, but like i said they don't stay wide in the range of 8 pips on the eur ever. you just don't see that. get a currenex platform and tell me what you see. EUR is always 0-1 pips spread and GBP is always -1 to 3 pips and mostly 2 pips. GBP is an inverse spread once per hour usually. Tell me i'm speculating again.Ignored
During the FOMC gbp spreads stayed at 10 for almost 30min which wasn't cool. That I didn't appreciate but I suspect it was an issue between Oanda and their hedging banks. Euro spreads dropped down fairly quickly so I didn't have an issue there.