Brokers

[Pipsqueak]

I want to complain a bit about oanda. The non farm payroll is coming up and they have a message saying that because of the holiday the spread for the GBP/USD will be at least 30 pips. Come on.

[scorpion]

Wow that's just insane! sound like they're at the other side of your trade. My interpretation: "Predictability of Employment Situation is fairly accurate, so we are going to charge you 30 pips before hand. If you disagree, go screw other brokers, not us!"

[Pipsqueak]

Yes I remember when I first started it was great. Now it is very difficult. you have to buy when it retraces and the spread decreases it does happen. You have a 5 second window of opportunity when it retraces back to the top and then at the same time the spread goes down you have 5 seconds to place your order before it goes back down. But the initial move is hogged by the big boys. I was looking at opening up an account with Interactive Brokers they just charge a commision so they don't trade against you is that right?

[DEXTER]

My broker has fixed spread WHC (IB) - next generation brokerage services, forex, futures and stocks cfds

[barosan01]

That's nothing I saw 200 pip spread on GBP?USD @ Oanda during NFP awhile back...As matter of fact someone actually got it on video and posted on youtube.com . A lot of people were caught up into it.
They eventually fixed it....but I decided to take off. Stay away from them.

[DEXTER]

Originally Posted by barosan01

That's nothing I saw 200 pip spread on GBP?USD @ Oanda during NFP awhile back...As matter of fact someone actually got it on video and posted on youtube.com . A lot of people were caught up into it.
They eventually fixed it....but I decided to take off. Stay away from them.

i saw this video, thanks very interesting

[Pipsqueak]

You saw the video but I had an open position and actually got stopped out because of the spread. It was during the NFP. The market moved in my favor after the spread took out my stop so I was a bit upset. In Oandas defence they fixed everything and did fill my take profit order when everything was corrected.I still trade with them. I am looking at the broker someone suggested in this thread but before I switch I want to be able to trust the broker. Which means I have to do some research.