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OANDA Discussion

  • #2,481
  • Aug 12, 2011 8:23am Aug 12, 2011 8:23am
Quoting Umverteiler
7 pip spread on eur/chf. over at least 4 hours now.. this is discusting!
Also FXCM today on news (Retail Sales m/m) was spread on EUR/USD 5 pips GBP/USD 10 pips 1-2 min before news. First time saw

I think last week all brokers made spread bigger because unpredictability.
War against these speculators that I
Once scalper always scalper
  • #2,482
  • Aug 12, 2011 8:28am Aug 12, 2011 8:28am
Is it broker with fixed spread all trading time??? Who can recommend a good broker?
Once scalper always scalper
  • #2,483
  • Aug 12, 2011 8:35am Aug 12, 2011 8:35am

OANDA: Market volatility determines the spread, and it is at our trader's discretion what the spread should be.

 i thought underlying liqiudity should determine my spread..


OANDA: Our traders determine the spread based on both liquidity and volatility


at least a honest answer.. but you see again the ugly face of a tradingdesk trading against you..
  • #2,484
  • Aug 12, 2011 10:05am Aug 12, 2011 10:05am
Quoting Umverteiler

OANDA: Market volatility determines the spread, and it is at our trader's discretion what the spread should be.

 i thought underlying liqiudity should determine my spread..


OANDA: Our traders determine the spread based on both liquidity and volatility


at least a honest answer.. but you see again the ugly face of a tradingdesk trading against you..
rookie
  • #2,485
  • Aug 15, 2011 4:02pm Aug 15, 2011 4:02pm
It's a 2.5 pip spread now at 4:48 p.m. EST on the E/U, which is not competitive at all considering the supposedly low spread on this pair Oanda is known for. TOS has a better spread atm.
  • #2,486
  • Aug 15, 2011 4:13pm Aug 15, 2011 4:13pm
Quoting Fx93
TOS has a better spread atm.
Then trade with them instead...
  • #2,487
  • Aug 15, 2011 4:23pm Aug 15, 2011 4:23pm
Thank you for that Tsunami of insight.
  • #2,488
  • Aug 15, 2011 4:30pm Aug 15, 2011 4:30pm
lol
  • #2,489
  • Edited 5:40pm Aug 16, 2011 4:59pm | Edited 5:40pm
Quoting supremeChaos
can anyone confirm these Live GBP$ prices:
(price spike during the GBP Manufacturing news release a few minutes ago)
FXTrade price spike low 1.6396
MT4 price spike low 1.63806

many thanks!
Use min-max chart (you can choose that where you choose between bars, candles, line chart). Did that answer the question why Oanda has a min max chart hehe?
I found a penny today. That's +100 pips for me.
  • #2,490
  • Edited 5:40pm Aug 16, 2011 5:01pm | Edited 5:40pm
Quoting ReaM
Oanda is NY time. Simply minus 6.

By the way, anyone knows what leverage Oanda Europe has?
EDIT: it is minus 5!!! Sorry, it was an error. Oanda is GMT -5. And I believe it has daylight saving times ON.
I found a penny today. That's +100 pips for me.
  • #2,491
  • Aug 17, 2011 1:29am Aug 17, 2011 1:29am
Current Oanda spreads are pathetic. 6 pips on AUDUSD, next highest broker out of all these is 2.8

http://www.fxintel.com/

I'm seriously beginning to wonder if they are having a liquidity issue and can't offer competitive spreads anymore.
  • #2,492
  • Aug 17, 2011 2:33am Aug 17, 2011 2:33am
What's the difference between a market maker and a dealing desk? According to Oanda's chat support, they're not a dealing desk but they are a market maker who "are on the otherside."
  • #2,493
  • Aug 17, 2011 4:58am Aug 17, 2011 4:58am
I think when compare Oanda's spread with other retail br0kers, we should put in mind that the fomer one offer 10 mil liquidity at the BBO(best-bid-offer). Or am I wrong at this assumption?
  • #2,494
  • Aug 17, 2011 6:54am Aug 17, 2011 6:54am
eur/chf at 7.5 over hours
usd/chf at 5.7.. ugly ugly ugly
  • #2,495
  • Aug 17, 2011 7:53am Aug 17, 2011 7:53am
Quoting grimReaper
What's the difference between a market maker and a dealing desk? According to Oanda's chat support, they're not a dealing desk but they are a market maker who "are on the otherside."
Dealing desk brokers trade against their clients, most advertise they are non-dealing desk implying you trade directly to their liquidity suppliers..... understand all brokers are market makers, or you are trading their unique market/price feed. Unless you're trading 1M or larger all group their orders, i.e. take the other side - in house, and offset those with their up-line liquidity provider, in doing so they employ shading, spreads and such to afford them the ability to do so, profitably.

Unless you're large enough to trade intra-bank, you're not trading direct market.
  • #2,496
  • Aug 17, 2011 10:57am Aug 17, 2011 10:57am
CHF pairs are too high spread, good for JPY pairs , the fx platform are good for excution , very speedy. will consider using gomarkets ...
  • #2,497
  • Aug 17, 2011 11:22am Aug 17, 2011 11:22am
Quoting auxesis
Dealing desk brokers trade against their clients, most advertise they are non-dealing desk implying you trade directly to their liquidity suppliers..... understand all brokers are market makers, or you are trading their unique market/price feed. Unless you're trading 1M or larger all group their orders, i.e. take the other side - in house, and offset those with their up-line liquidity provider, in doing so they employ shading, spreads and such to afford them the ability to do so, profitably.

Unless you're large enough to trade intra-bank,...
actually i dont have any intra-bank trading experience etc , but as further as i know , it's very true. so what about the brokers reliability ?
the best indicator is trader's knowledge , experience and dicipline.
  • #2,498
  • Aug 18, 2011 5:35am Aug 18, 2011 5:35am
oanda again.
with ridiculous spread in chf pairs.. eur/chf 7pip
  • #2,499
  • Aug 18, 2011 6:02am Aug 18, 2011 6:02am
Quoting auxesis
Dealing desk brokers trade against their clients, most advertise they are non-dealing desk implying you trade directly to their liquidity suppliers..... understand all brokers are market makers, or you are trading their unique market/price feed. Unless you're trading 1M or larger all group their orders, i.e. take the other side - in house, and offset those with their up-line liquidity provider, in doing so they employ shading, spreads and such to afford them the ability to do so, profitably.

Unless you're large enough to trade intra-bank,...
So, in other words I can't trust anybody, b/c every broker trades against their clients on small orders?
  • #2,500
  • Aug 18, 2011 6:31am Aug 18, 2011 6:31am
MM will trade against you, ECN/STP brokers are your best bet, I'm talking about a true ECN, just make sure an ECN broker has the virtual dealer plugin wiped from their MT4. Plus a true ECN will charge a commission with low spreads.
It's easy to be humbled but hard to be humble.
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