I’m using OANDA trading platform for some time and I’m pretty happy with it since they provide flexible accounts (sub-accounts with custom leverage), very low minimum deposit and position size and straightforward API.
However, I have noticed that they have pretty wide spreads over the weekend (well, basically the spread widens just before market close). It’s usually not a problem for majors, and I assume it’s similar for other platforms, when instead of few pips, there is 10 - 20 spread (so usually 5x).
But for EUR/PLN (and other minor/exotics too) pair it seems to be a little too much. During the week the spread for this pair is around 15 - 25 pips which is fine as it’s more exotic pair. I had a position with trailing stop on 300 pips distance and just few seconds before market close (4 seconds exactly) the spread widened to 500 pips hitting TS. It’s like 20x more than during the week which seems a lot.
Is it normal that for such pairs the spread over the weekend is increased so much? Should I consider changing broker? What are your experiences here?
P.S. There are few older topics about wide spreads, but I haven’t found a definite answer there (thread ids since as a new user I can’t post links - 30067, 33991, 11136).