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Recent FXTrade Spreads

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To increase the profitability of the trading strategies of its clients, OANDA strives to offer the lowest spreads in the industry without compromising its high standards of risk management.

The spreads offered on OANDA FXTrade vary over time. OANDA is the counter-party to trades executed over FXTrade. Trades are matched, and any net exposure above predefined thresholds is hedged with partner banks at the current market spread. Global market liquidity and volatility can result in large spread increases on the foreign exchange markets following news announcements, during political uncertainty, or at the close of the business day and on weekends when liquidity is lower. At such times OANDA is forced to pass on some of the spread increases to its clients.

The following graphs show FXTrade spreads over the last seven days for every currency pair offered. Vertical lines represent the minimum and maximum spreads at 15-minute intervals beginning at midnight EST each day. The red dot (if present) identifies the average spread during the 15-minute interval.