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Tom Rossito - Toronto
Within 1 year

Does Multigain offer fixed or variable spreads, and how do these spreads behave when major news events cause market volatility?

Broker Issues
Multigain
Fees and Spreads
06-24
United States
WikiFX
Reply

Based on my careful review and experience as a forex trader, I was unable to determine whether Multigain offers fixed or variable spreads—the available information simply doesn’t clarify this point. For me, that is a significant issue: when I evaluate a broker, transparency about spreads and clear terms for pricing under various market conditions are fundamental for risk management. Especially during major news events, the way spreads behave can drastically impact trading outcomes. Fixed spreads theoretically offer some predictability, but most brokers adjust their policies during periods of market volatility, widening fixed spreads or even suspending them. Variable spreads, on the other hand, can widen substantially due to lower liquidity and higher uncertainty. Unfortunately, Multigain does not offer sufficient details about their spread structure or behavior during volatile periods, so I’d personally adopt a very cautious stance. Given that Multigain operates without regulatory oversight and displays a lack of transparency on crucial trading conditions, I am not comfortable engaging in live trading through their platform. For traders who prioritize predictability and prudent risk management—especially around news events—this lack of clarity regarding spreads is a critical concern. In my view, until Multigain provides clearer, verifiable information and tighter compliance standards, I wouldn’t risk significant capital or expect reliable spread behavior, particularly when markets are moving fast.

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