Oanda's spread on EUR/USD at 0.6 NOW? | Forex Factory

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Oanda's spread on EUR/USD at 0.6 NOW?

  • #1
  • First Post: Edited 9:26am Feb 1, 2011 5:49am | Edited 9:26am
At this moment spread is at 0.6 for the EUR/USD , is this an error ??





http://img248.imageshack.us/img248/2923/eurusd.png
  • #2
  • Feb 1, 2011 5:55am Feb 1, 2011 5:55am
Already back at 1 pip..
  • #3
  • Feb 1, 2011 8:41am Feb 1, 2011 8:41am
They can advertise that their spread is as low as 0.6pips now!
  • #4
  • Feb 1, 2011 9:23am Feb 1, 2011 9:23am
Has anyone ever seen a spread lower than 0.9 on the EUR/USD ? (This was the first time for me after watching quotes for months...)
  • #5
  • Feb 1, 2011 9:58am Feb 1, 2011 9:58am
Yesterday i experienced 0.7.
  • #6
  • Feb 1, 2011 10:02am Feb 1, 2011 10:02am
seems to me it is in a testing phase , they want to c how it goes ...
  • #7
  • Feb 1, 2011 10:14am Feb 1, 2011 10:14am
OANDA spread is a direct reflection of current market conditions. This lower than usual spread is the result of better pricing from our liquidity providers which we pass on to our clients.

OANDA spreads have never been promoted "As low as" due to its misleading nature. OANDA cannot offer 0.9 as a fixed spread, but if market conditions allow it we will offer 0.9 and lower as it was in this case. The current macroeconomic outlook has made spread awareness something traders need to be more aware of, and OANDA provides the tools and data to help them do that.

In terms of spread awareness/levels, what do you guys use?

Is there anything OANDA can improve in terms of tools/access to information?
  • #8
  • Feb 1, 2011 7:38pm Feb 1, 2011 7:38pm
This isn't a new thing. Below list is showing spreads of July 2010 till end of November 2010. 83% of the time spread was at 0.9. You can see that 0.6 wasn't the lowest. Spread of 10 pips consists of Friday evening weekend spread and news spread.
Attached Image
  • #9
  • Feb 2, 2011 1:29am Feb 2, 2011 1:29am
Quoting trash
This isn't a new thing. Below list is showing spreads of July 2010 till end of November 2010. 83% of the time spread was at 0.9. You can see that 0.6 wasn't the lowest. Spread of 10 pips consists of Friday evening weekend spread and news spread.

Where do you get that info ? link ?
  • #10
  • Feb 2, 2011 7:51am Feb 2, 2011 7:51am
It's done by me. Get FXTicks, for example. Or record spread.
  • #11
  • Feb 2, 2011 8:19am Feb 2, 2011 8:19am
Quoting trash
It's done by me. Get FXTicks, for example. Or record spread.

How to record Oanda spread ?
  • #12
  • Feb 2, 2011 9:08am Feb 2, 2011 9:08am
Quoting Cocoflanel
How to record Oanda spread ?
One way would be to request EUR/USD ticks from Oanda's web site.
Or sign up for Oanda API.

For every tick calculate spread = ask - bid.
  • #13
  • Feb 2, 2011 2:46pm Feb 2, 2011 2:46pm
Quoting Cocoflanel
How to record Oanda spread ?
The previous poster's already mentioned two possibilities. Mt4 should be able, too.
  • #14
  • Feb 2, 2011 8:33pm Feb 2, 2011 8:33pm
Quoting ForexQuant
They can advertise that their spread is as low as 0.6pips now!
Oanda don't use the "as low as" bullshit. They advertize their spreads as they are.
  • #15
  • Last Post: Feb 3, 2011 4:09am Feb 3, 2011 4:09am
Quoting AEsparza
OANDA spread is a direct reflection of current market conditions. This lower than usual spread is the result of better pricing from our liquidity providers which we pass on to our clients.

OANDA spreads have never been promoted "As low as" due to its misleading nature. OANDA cannot offer 0.9 as a fixed spread, but if market conditions allow it we will offer 0.9 and lower as it was in this case. The current macroeconomic outlook has made spread awareness something traders need to be more aware of, and OANDA provides the tools and data to help...
Warn us in advance about upcoming spreads, maybe for the next 24 hours?

Kind of a like a weather forecast?

:-) Half joking...
this pig cannot be slaughtered for ever... or can it?
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