I need help with an abnormal EURUSD spread surge outside of trading hours!!!
Dec 18 at 08:15
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1 Replies
Dec 18 at 08:15
Hello everyone, I recently experienced an issue with my broker regarding an abnormal spread spike on the EURUSD pair, and I need advice or insights from the community.
Here are the details of the situation:
1. My broker's typical spread for EURUSD is around **2.7 pips**.
2. On the MT4 platform, between **23:59 and 00:02** (server time), the broker restricts trading.
3. However, during this period, I noticed that the spread increased abnormally to as high as **20–23 pips**.
4. There were no **geopolitical events** or **economic news releases** at that time that could justify such an increase.
5. It was also **not during Monday's market opening**, which might normally explain wider spreads.
I contacted the broker about this issue, and they asked me to provide comparative spread data from other brokers during the same period. Unfortunately, as most of you know, individual clients like me cannot easily access historical spread data from other brokers.
### My Questions: 1. Is there any tool, platform, or indicator that allows gathering **historical spread data** for EURUSD from multiple brokers? 2. Has anyone else encountered a similar issue where spreads spike unreasonably during restricted or non-trading hours? 3. What would be the best approach to address this issue with my broker? I would appreciate any insights, advice, or guidance you can share. Thank you!
Here are the details of the situation:
1. My broker's typical spread for EURUSD is around **2.7 pips**.
2. On the MT4 platform, between **23:59 and 00:02** (server time), the broker restricts trading.
3. However, during this period, I noticed that the spread increased abnormally to as high as **20–23 pips**.
4. There were no **geopolitical events** or **economic news releases** at that time that could justify such an increase.
5. It was also **not during Monday's market opening**, which might normally explain wider spreads.
I contacted the broker about this issue, and they asked me to provide comparative spread data from other brokers during the same period. Unfortunately, as most of you know, individual clients like me cannot easily access historical spread data from other brokers.
### My Questions: 1. Is there any tool, platform, or indicator that allows gathering **historical spread data** for EURUSD from multiple brokers? 2. Has anyone else encountered a similar issue where spreads spike unreasonably during restricted or non-trading hours? 3. What would be the best approach to address this issue with my broker? I would appreciate any insights, advice, or guidance you can share. Thank you!
Tham gia từ Nov 23, 2021
12bài viết
Dec 18 at 08:35
your typical broker should have 0 spread on normal working condition ..on major currency pairs although that changes considering type of trading session..or market hours or in the event of news releases..
one thing with spread is that the broker tends to widen spreads in events where the volatility is low in order to hedge against sudden price movements and during event of high volatility.
the case on day close that usually takes place for some minutes on currencies and even hours for commodities like gold and indices or stocks ..and that market shift spreads also widens because the market can open in huge gaps..
i think what you're supposes to do is ask for your brokers working hours schedule because others do info traders of events schedules like when is the market closing ..opening in individual assets ...carry trades and how much you get to incur ..spread differential min and max on individual assets or just migrate to commision based account which rebates on lots traded which have zero spreads..
so you can be able to adjust your trades accordingly ..last make a research on spreads comparison and choose which one suits your trading style
one thing with spread is that the broker tends to widen spreads in events where the volatility is low in order to hedge against sudden price movements and during event of high volatility.
the case on day close that usually takes place for some minutes on currencies and even hours for commodities like gold and indices or stocks ..and that market shift spreads also widens because the market can open in huge gaps..
i think what you're supposes to do is ask for your brokers working hours schedule because others do info traders of events schedules like when is the market closing ..opening in individual assets ...carry trades and how much you get to incur ..spread differential min and max on individual assets or just migrate to commision based account which rebates on lots traded which have zero spreads..
so you can be able to adjust your trades accordingly ..last make a research on spreads comparison and choose which one suits your trading style
THE GOAL ISNT TO BEAT THE MARKET RATHER TRYING TO HAVE AN EDGE IN IT.
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