[OANDA] Spread Scam?

If you compare min/max chart (to be precised set 5-sec chart and to make zoom) to spread on the Quote list, you will see different spreads. For example on eur/usd oanda shows 0.9 but different between min and max is sometimes 6 pips! Generally when market makes sharp move Quote list shows 0.9, min/max - 6 pips!
 
Quote from Done 777:

If you compare min/max chart (to be precised set 5-sec chart and to make zoom) to spread on the Quote list, you will see different spreads. For example on eur/usd oanda shows 0.9 but different between min and max is sometimes 6 pips! Generally when market makes sharp move Quote list shows 0.9, min/max - 6 pips!

I've checked other forex brokers, nearly all do this. Some would say it's not a scam because many of them do it in fast moving markets. Personally I think it IS a scam because the frequency it's done really rips into profit margins to a point where you won't be able to make much money and will be fighting just to break even.
 
Quote from ozarka:

I've checked other forex brokers, nearly all do this.

Please can you post some screenshots to support what you say.

Here are the spreads from the broker I use, they seem fairly competitive to me...

2hgd63s.jpg
 
Back
Top