Very large oanda news spreads

What is the maximum leverage for Ikon Viking and how much is required to open an account? You mentioned in another thread that fills are fast but how about slippage during market volatility?

The minimum required to open an account is $1.5K. The leverage is 1:100 but I changed it for my account to 1:50. I don't trade during news releases. I tried only once but the market moved earlier and my slipp was 0.5 pips.

And what's the maximum size per half turn you can trade there? What spread do you get when you trade that maximum size? You don't know? Ok.

The orders with the best bid and ask are between 1 and 3M. Sometimes it's 0.5, other times 5M. I can't see all the liquidity. Today the distance between bid and ask for USD/CAD jumped to 18/9 pips during the release of Canada unemployment numbers. But this is for a few seconds.

I know this is an old thread but I had to jump in. I have been trading with FXCM and, they too, will increase their spreads at points of high volatility. (assuming they pass on the spreads they get from their liquidators + their margin) 40 pips is ridiculous though! I noticed yesterday, during the US rate announcement, that the NZD/USD went to 8 pips as the news broke and then to 14, 15 seconds into my trade. The AUD/USD went to 2.8 pips! almost nothing.
I have been playing around with news trading for months. Some success and some disasters. I've come to the conclusion that it's more like gambling than trading and will only use funds, in a separate account, that I can afford to lose. A few weeks ago, one morning, I doubled my account on a USD/JPY news item! I then wiped out the same account in the afternoon on Cable.
Spreads, slippage, whipsaw and market panic make news trading difficult for us as retail traders.
There is a UK PMI news item today and the US NFP tomorrow. I will video record my main screen and see what the spreads look like.

Hi Dudes and dudessess

I have not traded live although i did give a broker $16,000 NZ dollars back in 1986 a Guy named Neville Scarlet on Queen Street Auckland, I actually spent the night with their 1 and only trader it seemed exciting (they had a computer and everything : ) ) and a quick way to make a million billion dollars according th them : )

Couple of days latter Nev rang me up and said "Oh we have lost $8,000 of it what do you want us to do" I said write me a cheque for the balance i'm coming to get it".

Another company i gave $5,000 of my hard earned dollars too, named Connectic Investments they actually made me a whole $25 bucks, i got that money back as well.

About 6 months latter the owner of Connectic Invetments who's name i can't remember but prob would come up on a Google search actually took off with everyone's money and skipped to Australia, i believe he was apprehended, i actually remember seeing it on the News.

Talk about Cowboys (Useless /Con-men/Unskilled)

But anyways it appears to me these spreads that we have to contend with (the short time frames especially) are simply ridiculous by the time one has an series of indicators all shouting "Yer it's a Sell Go now Go" and ya click the button and as if the platform is watching you and is actually independent of the entire market, moves the other way or just before the end of the spread is reached, OMG ! what's that all about, i know it has to be . : )

Also I thought scalping was fast moving, how can it be with these horrendous spreads cleverly worked out and averaged over the time spans so it does not allow for to frequent profit taking by the minions (Peasants) the odds are certainly against the novice and certainly with the House "Oh meant " brokers

Plain and simple exploitation of the masses at the bottom by the ones already at the top

Disgusting

Cheers Mike : )