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FXCM vs Oanda spread, I'm showing Oanda tighter?
Oct 13, 2015 at 06:19
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3 Replies
Member Since Oct 06, 2015
8 posts
Oct 13, 2015 at 06:19
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
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
Member Since Oct 06, 2015
8 posts
Oct 14, 2015 at 06:44
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?
Member Since Feb 22, 2011
4573 posts
Oct 14, 2015 at 15:23
Try this brokerhttp://www.octafx.com/?refid=337939 you will get spread less than 1.0
Member Since Aug 12, 2009
243 posts
Oct 14, 2015 at 22:16
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?
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