Oanda fills 5.28.08 - "fixed" spread is not true.

Many people complain about Oanda increasing the spread during news - just to be clear that's not what i'm showing here.

This video shows that the spread Oanda shows you (0.9 in the clip) is not where you will be filled (1.4-1.9 in the clip) when you enter. Which means Oanada is not honest about there "fixed" spread policy.

It's too bad as when i had a small account they filled perfectly, and i really liked Oanda. When i increased my account size they began this slippage and now i'll be moving to an ECN.

The example i'm showing filled 1 pip off in Oanda's favor, I've had them be up to 2.5 off in the last couple days.

Scalpers beware.

Category:

Science & Technology

Tags:

• Oanda
• Forex
• Scam

[trevgk]

I traded 17,000 trades very low leverage, in total over half a billion in 3 years. By the time these thugs finished moving the market 124% against me on 3 major currencies, I ended up losing over half a million, as a thank you for doing so much business with them, they shut down my account. Just because they are regulated means nothing for the customer. BIG time crooks

[satjathamma]

@pablopluto ECN's don't have fixed spreads, if they do they are not ECN Oanda is a bucket shop, stay away if you like your money

[pablopluto]

Oanda doesnt have a fixed spread if you were looking for that then you should go to a ECN and if your scalping you want to scalp when there is money moving the price i guess your a loser who lost and is blaming it on Oanda

[ellhow]

honestly if the spread even matters to you then you are trading very short term, and will probably last about a month or so. If you are serious then you will be worried about the interest rates that you are getting (or not getting).

[rrgoold]

Actually, I only lost a few dollars on this - was trading with relatively small amounts to "do my homework". Maybe you consider that "BIG TIME", but i don't mention dollar amounts anywhere.

In fact, my trading style is to blame - which is why i say scalpers beware - which is my point. Oanda makes their money on the spread and won't tolerate quick trades because they need time to build in their lag. Run Oanda at the same time as Dukascopy or even Tradestation and you'll see Oanda's margin.

[HickysBoy]

A decent learning platform but I'd never give them any *real* money. My advice - start with a Metatrader broker (an honest market maker like TradeViewFX or an ECN like PFGbest).

[confront24]

This video is bad

[foundingfathers5]

oanda = dogshit. you'd get more UTILITY out of your $ by burning it over an open fire or by using it as toilet paper!

[tokrev]

Wow, I've been practicign in their forexgame, I want to open an account with them, just a small one to beggin with, like said, but now after all those comments... I'm thinking you know... thanks for the video...