The last time I was aware, Oanda weren't operating an ECN facility. They were/are marketmakers. You buy & sell their book & they (to all intents & purposes) control the field.
Like we said, we've had direct experience with Hotspot & have colleagues & contacts who use the services of Interactive Brokers both in the States & Europe. Those 2 firms operate a variable spread, straight thru execution deal.
At the end of the day if folks are satisfied & happy with the costs of transaction, service & deals they're being offered thru their platform providers then fine. Just ensure you're fully aware & up to speed with exactly what you're being offered & how they operate.
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