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What's Up With Oanda's Spreads?

  • #21
  • Aug 18, 2007 6:41pm Aug 18, 2007 6:41pm
During last two days, i think any honest broker (i mean the one who fill your orders) increased their spread.

My normal spread on GBPYEN is 8 but it was standard to see it jump to 15 much all the time.

A friend of mine broker kept it's spread to 8-9 but he was unable to enter the position even by accepting a 5 pips slippage
  • #22
  • Aug 19, 2007 8:27am Aug 19, 2007 8:27am
One more question, a couple of traders had mentioned to me last month that this is usually vacation month and would more than likely be slow. I was totally in awe to see 20-30 pip moves on GBP/JPY this past thursday and friday.

I've only been trading since March, and have seen no volatility like this in the market since i've started....:surprised

Will this continue or was that just a 2 day fluke??
  • #23
  • Aug 19, 2007 10:45am Aug 19, 2007 10:45am
Quoting P-hill-IP
One more question, a couple of traders had mentioned to me last month that this is usually vacation month and would more than likely be slow. I was totally in awe to see 20-30 pip moves on GBP/JPY this past thursday and friday.

I've only been trading since March, and have seen no volatility like this in the market since i've started....:surprised

Will this continue or was that just a 2 day fluke??
I trade with Oanda too, and what you have seen is just normal having in mind the low liquidity in the markets.

About what will happen. Have in mind this:

" As you know, the forex markets have been behaving quite erratically over the last several day, primarily due to a lack of general liquidity. This has resulted in spreads that are wider than usual, and volatile prices as times.

Please be aware that this might not only continue as the markets open in the far east Monday morning (Sunday evening EST), but might be even more extreme at that time. While OANDA is committed to offering the tightest spreads possible, given market conditions, weekend spreads may be tightened later than usual, and spreads might temporarily even have to be widened to more than what is typical on weekends."

This is from Michael Stumm, Oandaīs CEO. And this the first time I see him making a warning like this.
Johann Channels and cycles are everything
  • #24
  • Aug 19, 2007 3:25pm Aug 19, 2007 3:25pm
Quoting Tragapips
I trade with Oanda too, and what you have seen is just normal having in mind the low liquidity in the markets.

About what will happen. Have in mind this:

" As you know, the forex markets have been behaving quite erratically over the last several day, primarily due to a lack of general liquidity. This has resulted in spreads that are wider than usual, and volatile prices as times.
This is from Michael Stumm, Oandaīs CEO. And this the first time I see him making a warning like this.

Wow, this is due to Low Liquidity??!!

Strange to say the least, to see each currency move so much in price. Am I understanding this correct, that lower liquidity drives prices? And this is the first time you've seen this warning.... How long have you been with oanda?
  • #25
  • Edited 2:44am Aug 20, 2007 2:32am | Edited 2:44am
Quoting P-hill-IP
Wow, this is due to Low Liquidity??!!

Strange to say the least, to see each currency move so much in price. Am I understanding this correct, that lower liquidity drives prices? And this is the first time you've seen this warning.... How long have you been with oanda?
2 years and yes, thatīs the idea. Remember, Europe Big boys are on vacation and correlation between liquidity and ATR is inverse. Thatīs why in normal conditions the highest liquidity pair, EUR/USD, has the lowest ATR between majors.

The first time I see this. No, but maybe itīs the wildest. Usually vacation periods August and January price is pretty sensitive. And everyday before big news you can see low liquidity. Thatīs why real brokers widen spreads at news times.


Johann Channels and cycles are everything
  • #26
  • Aug 20, 2007 2:36am Aug 20, 2007 2:36am
Turbo and I were talking the other day when I asked him what was up -- IB's spreads were a little high as well. Just how it is with crazy volatility.
Mr. Trend
  • #27
  • Aug 21, 2007 8:23am Aug 21, 2007 8:23am
Thanks for the tips... I wasnt able to get anyone on live chat and their voice mail was completely full. Panic in pipkingom until everything loaded eventually Sunday.
  • #28
  • Aug 31, 2007 7:25pm Aug 31, 2007 7:25pm
It seems the market has calmed down from a couple of weeks ago. But oanda's spreads are still all over the place...
  • #29
  • Sep 1, 2007 12:21am Sep 1, 2007 12:21am
Quoting P-hill-IP
It seems the market has calmed down from a couple of weeks ago. But oanda's spreads are still all over the place...

Oanda's weekend spreads are always like this.
  • #30
  • Sep 1, 2007 9:29am Sep 1, 2007 9:29am
Quoting Lou
Oanda's weekend spreads are always like this.
Not the weekend spreads Lou, was referring to the spreads during the week. It seems they cant make their minds up about what to make them. Every day was something different.
  • #31
  • Last Post: Sep 1, 2007 9:39am Sep 1, 2007 9:39am
Quoting P-hill-IP
It seems they cant make their minds up about what to make them. Every day was something different.
First read this part - http://fxtrade.oanda.com/spreads/index.shtml

Next open this page and look a the graphs - http://fxtrade.oanda.com/spreads/recent_spreads.shtml

If you are still not happy at this stage get another broker.
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