I use Oanda and I am kind of happy with them...the only problem is when they widens the spread during the news. it sucks to see your stop touched and the price going in the good direction after. if it happen just two time a week, it can cost you a lot of money if you are not in the big move after. So i just wanted to know if all the forex broker worked with the same system of spreads widening during the news...or do other broker have non flexible spreads that they maintain during all time. if they exist can you give me their name and if they are good. Thanks in advance.
Thats like asking a midget to sh*t a watermelon out his **s. IT ISNT GONNA HAPPEN, bcuz of the dynamics of the market during news events
even the spreads on interbanks quotes widen during news events, so brokers protect themselves with similar widening of spreads.
http://www.forexfactory.com/showthread.php?t=8046 the link discussion is not specifically about spreads widening during major news events but might be relevant somewhat to your question.
This is a problem with many brokers but there are a little they never change the spread during news, Note: any good broker must have bad item.
I would be very very skeptic of a shop that did not widen their spreads. There are a few bucket shops out there but I would not give them my enemy's money. It is a scam in the most basic of terms. Nuff Sed