MetaTrader and Oanda

Hi there,

I've noticed that there are huge differences in quotes (bid/ask) between Oanda and the MetaTrader Demo Version ... up to 15 pips and more. The charts even don't look exactly the same. Just the 1-day-charts seem to be comparable.

Is this normal? Is it just a problem of the free MT demo? Or even a chance for some arbitrage between a MT broker and Oanda?

Thanks in advance for your feedback ... and sorry for this newbie question.

Yes, this is normal. They are entirely different feeds. The demo feed may even be a simulated feed.

Each broker sets their own prices, so prices don't agree even between MT4 brokers. I don't know what broker you have, but out of dozens of brokers most have issues. There are a few like FXDD that have reliable spreads. (IBFX does not.) There are several broker threads. In the Forex-TSD.com/phoenix/ forum we are setting up the PhoenixFund using FXDD as the broker, because it seems to be the most reliable so far. With many brokers, demo and real accounts have huge differences including massive spikes.

Do your own research, but if you go with FXDD please send me a message first.