I don't want to kickanybody when they are down, but I hope that you have learned never to "hedge" again.
"Hedging" will leave you exposed when you have low free margin and the spread widens.
In future please just close the trade instead of pointlessly opening another trade in the opposite direction.
Spread is another ways of broker making money .
It is in their term and condition.
However,If your current trading style allow you to get a margin call even by small movement of spread,
you need to change the style. Lesson learned.
Actually, even with Brokers who charge commission and offer the tightest spreads, you can see the spread widen considerably when the market becomes
highly volatile, which is usually around News and always around Session opening and closing times. It is not unusual to see the spread widen
several hundred pips after the weekend or holidays. If you read the small-print, you will find that the spread advertised by brokers is only
available "under normal market conditions", which means that there is no limit to how big the spread can get when the markets are highly
Oh, and ... the worst possible thing you can do if you see a trade going against you, is to start opening positions in the opposite direction to
"hedge" your loss. Why? Because every trade you open is going to cost you broker commission, while at the same time locks your current
profit/loss for the trade in the opposite direction, so ... instead of saving money, you are doing your Broker a favor by paying double
commission on your losing trades. To make things even worse, you will end up with a margin call for the opposite side of your trade as soon as you
close one side of the trade, because the margin that was made available to you by hedging will be gone.
Any broker can wider their spread any time, and because of this low margin or close SL hits, If you asking about top class brokers with
best conditions then I'm sure that brokers not using MT4/MT5 but using their own platforms for trade but their trade conditions are