FXCM vs Oanda spread, I'm showing Oanda tighter?

researchpro

Členom od Oct 06, 2015 8 príspevkov

Oct 13, 2015 at 06:19

Členom od Oct 06, 2015 8 príspevkov

Hi, I was comparing spreads yesterday and today between FXCM and Oanda, on EURUSD . both days I show FXCM over 2 pip spread. Today again at this moment FXCM is 2.7 pip spread and Oanda 1.4 pip spread. How can that be if FXCM is a non dealing desk STP broker and Oanda is dealing desk?

Am I doing something incorrectly, or what? you can goto forexchurch.com/forex-spreads.cfm and see for yourself, I also have a terminal up that is exactly the same as forexchurch site spreads.
Thanks
John

researchpro

Členom od Oct 06, 2015 8 príspevkov

Oct 14, 2015 at 06:44

Členom od Oct 06, 2015 8 príspevkov

I just checked again today, and again FXCM 2,8 and Oanda 1.4 spread on eurusd. Can that be right? How is a STP broker double the spread of a Dealing desk broker? Am I overlooking something?

togr

Členom od Feb 22, 2011 4573 príspevkov

Oct 14, 2015 at 15:23

Členom od Feb 22, 2011 4573 príspevkov

Try this brokerhttp://www.octafx.com/?refid=337939 you will get spread less than 1.0

jasonrogers

Členom od Aug 12, 2009 243 príspevkov

Oct 14, 2015 at 22:16

Členom od Aug 12, 2009 243 príspevkov

researchpro posted:
I just checked again today, and again FXCM 2,8 and Oanda 1.4 spread on eurusd. Can that be right? How is a STP broker double the spread of a Dealing desk broker? Am I overlooking something?

Hi Researchpro,

As you can see from the Myfxbook live spreads table, FXCM spreads are very competitive even when you include commissions http://www.myfxbook.com/forex-broker-spreads

What platform did you use to look at our spreads? Trading Station, NinjaTrader, MT4?

EURUSD	1.12799	GBPUSD	1.32717	AUDUSD	0.637
USDJPY	145.414	USDCAD	1.38534	USDCHF	0.83199

Advertisement

FXCM vs Oanda spread, I'm showing Oanda tighter?