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Originally Posted by lamode
i have attached a screenshot that shows 15 pips spreads on oanda, i am a customer of them aswell and i like them in general, but not the best choice when it comes to news release times and big amount of money.
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I never saw it on the platform but then I'm not trading cable right now so probably missed it, 15pips is w-i-d-e!
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I honestly do not know what banks take their trades, but one thing i do know is they allow you scalp as much as you like and you are able to trade during news releases time and i personally got filled on the price i wanted during fast market on mbtrading that 0anda rejected my order due to slipage.
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I believe what you're saying it's just I've never experienced rejected orders or the kind of spreads you've seen, in fact I was wondering what happens when an order is rejected, do they requote or just out-and-out reject it?
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In the conclusion is that after the two ways commison, it is still cheaper than 0anda because for 100k gbpusd traded is 10 pounds commision, which is about 18 dollars plus 10 pips news spreads, that is $100 + $18 = $118 for mbtrading (Yet, the spreads back to 0~3 pips in less than a min). For 0anda, 15 pips * 10 per pip = $150 ( and the spreads stay there for about 5 mins then back to 7pips for another 10 mins.).
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Again I've not experienced that. I've only had an account there for around 3 months so I guess I'll have to wait and see, but so far I'm pleased with them.
Mick