ElaineMDG
Corporal
- Messages
- 119
The Brokers in the name of the news trading are disguising traders from the actual market spreads and the reason is at any news release also the spreads could never be more than 8 to 10 pips and if at all the prices are moving very fast then you can get a REQUOTE
That would be acceptable as that means the orders could not be filled and the markets moved up or down. If the Broker you are trading with has low number of LIQUIDITY providers then this problem will occur.
Also if the Broker is not a TRUE ECN Forex broker then you will not be able to get lower spreads at all
I'll go ahead and name the broker (hopefully not get in trouble), since I read all the reviews here at FPA & I certainly was not the only one with this problem. Maybe it will act as a red flag to someone else. Apparently, OANDA is a "market maker" and has a LONG history OS moving stops, prices and having unbelievably huge spreads.
I was only trying them out to give a "US broker" a chance-but they're actually worldwide and as I said-they basically take the trade against you.
NOT a good choice for a newbie like me with a small account!! Shame....