FXSOL 5 pips spread on GBPUSD NOW!!!!

Quote from Reaver:

This has been very notable with Oanda. I get freezes literally every single day now. Oftentimes many more than once per day. The platform will freeze and lock up out of nowhere.

I have two separate computers I use for contingencies, so it's not my Java cache, etc that they always say it is, as it happens simultaneously on totally separate computers. The spread also gets pretty wide even with no volatility, and slippage is absurd.

Seems to me Oanda has increased slip as another way to get more out of each trade while still keeping spreads right at the borderline of acceptable. I think even if they ever decrease spreads back to normal, they will keep at least the same amount, if not more slip per trade.
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Hey bro, what pair(s) are you getting slippage on? I think there may be something wrong somewhere because this week I've not had slippage on one single trade.

Admittedly I haven't been trading as much, and there are a few take-profit orders in there so maybe I just haven't noticed it as much, but it does seem strange that you're getting slippage and platform freezes and I'm not getting either, in fact I was just thinking how well Oanda are performing lately!


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Quote from JHardy0690:

Try www.cmcmarkets.com
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why would anybody do that, getting scimmed by bucketshops ?
Trade through an ECN or CME at least you will get a real market and spreads will be much tighter. I do about 35-50 trades a day, 1 pip difference adds up at the end of the month, just do the math, those bucket shops know that.
 
Quote from cvds16:
at least you will get a real market
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What's so great about the real market, bucketshops often have better fills especially across data releases, plus companies like CMC offer guaranteed stops if you pay the premium. A lot of these ECN-style brokers are just glorified bucketshops anyway, it's a marketing tactic, they're counterparty and have a dealing desk just the same.


Quote from cvds16:
and spreads will be much tighter
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Sometimes they will, sometimes they won't, plus you've got to add commission.

The ECN vs bucketshop vs futures vs spot argument has been going on for ages, it's a pointless exercise.
 
Quote from cabletrader:

Hey bro, what pair(s) are you getting slippage on? I think there may be something wrong somewhere because this week I've not had slippage on one single trade.

Admittedly I haven't been trading as much, and there are a few take-profit orders in there so maybe I just haven't noticed it as much, but it does seem strange that you're getting slippage and platform freezes and I'm not getting either, in fact I was just thinking how well Oanda are performing lately!


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Hey Cable how's it going? I have been getting slippage on eur/jpy. It comes and goes.

I am getting freezes on two separate computers, which is annoying to say the least.

I spoke with Ivan about it and he said he's experiencing similar things.

The answer to that problem is of course to extend my time frame, as slippage and spread carry far less weight as you move further out. So far, there really aren't any alternatives to Oanda....so I guess that is what I will start doing.

Glad you're not having any issues with them bro. Have a good one, glad to have you back on ET.
 
Quote from Reaver:

Hey Cable how's it going? I have been getting slippage on eur/jpy. It comes and goes.

I am getting freezes on two separate computers, which is annoying to say the least.

I spoke with Ivan about it and he said he's experiencing similar things.

The answer to that problem is of course to extend my time frame, as slippage and spread carry far less weight as you move further out. So far, there really aren't any alternatives to Oanda....so I guess that is what I will start doing.

Glad you're not having any issues with them bro. Have a good one, glad to have you back on ET.
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Come to think of it I did have price freeze up a few times on some pairs, I just put it down to their feed as it was literally for milliseconds.

Guess I'll have to watch more closely next week :)
 
Quote from cabletrader:

I've not had slippage on one single trade.
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Spoke too soon!

What I don't quite understand is how there wasn't any slippage on hundreds of market orders made from my platform even right on NFP but there is slippage at 3am on a limit order held on their servers :confused:

Only 7 pips but it's 7% of the profit....."Oanda Tax"

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...and a new style order ticket, although it's not a lot different from the old one!

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I rather hoped they would do something similar to what IB did on Fx Trader with the Pos/Avg/P&L in each cell for each pair....


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