This post is about Oanda. Some jackass modified my original post without even asking me.
I recently opened a short in USDINR pair for the interest rate differential to gain the advantage of 7 + % base rate on the INR pair. A couple of observations:
The current quote at 54.35/48 is not being offered by any respectable broker. But this is not the main bone of contention here. What pains me more is that they spike the pair up to 54.74 whereas see the attached GTIS feed screenshot (this is from a combined source of over 200 fx contributors)- the maximum was 54.43!! I contacted them via chat and got no reasonable response. I have attached the chat as well. Beware of Oanda and I suggest stay away when trading pairs like INR with Oanda.
I recently opened a short in USDINR pair for the interest rate differential to gain the advantage of 7 + % base rate on the INR pair. A couple of observations:
The current quote at 54.35/48 is not being offered by any respectable broker. But this is not the main bone of contention here. What pains me more is that they spike the pair up to 54.74 whereas see the attached GTIS feed screenshot (this is from a combined source of over 200 fx contributors)- the maximum was 54.43!! I contacted them via chat and got no reasonable response. I have attached the chat as well. Beware of Oanda and I suggest stay away when trading pairs like INR with Oanda.
Its all in the mind.