Trading S&P 500 on Oanda Asia Pacific

Hi guys,

Recently Oanda started to offer CFDs for Asia Pacific Accounts. However i noticed that the quote from Oanda is actually 5pips mark up from another broker i use
(Axi-trader). I talked to Oanda about this but they insist that they derived the price correctly, so thats nothing much i can do about it.

However, what to note is 5 pips difference in S&P 500 is approximately $5 difference in XAU/USD, which is a significant.

Attached is the screen shot, everyone take a look. Higher marked up pricing is from Oanda, the latter is from Axi-trader.

Nicholas.

Can you arb the 2 then?

http://www.barchart.com/commodityfut...500_Futures/ES

Take a look at the prices listed for cash vs Sept '13 futures contract.

is your Oanda chart showing the bid price, instead of the ask price?

Nope, everything is in order. You may take a look yourself, try downloading MT4 from axi-trader. You will be able to see the difference.


Til now the difference is still there and its not spread i am talking about, its 5 points different. Amazing.

S&P500 WEEKLY CHART