Spreads Gone Wild.

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Hi Gurus,

Is it possible to detect if your broker is doing some nasty business? spread manipulation, slippage, etc

I just noticed recently unbelievable spreads on GOLD and EURUSD last Novermber 28, 2025. (I back tested the same date in strategy/indicator tester.)

Gold reached soaring 400+ points (normal 19-20 points). EURUSD @ 200+ points (normal 10).

I'm on XM broker btw.


Regards

 
umad:

Hi Gurus,

Is it possible to detect if your broker is doing some nasty business? spread manipulation, slippage, etc

I just noticed recently unbelievable spreads on GOLD and EURUSD last Novermber 28, 2025. (I back tested the same date in strategy/indicator tester.)

Gold reached soaring 400+ points (normal 19-20 points). EURUSD @ 200+ points (normal 10).

I'm on XM broker btw.


Regards

Much larger spreads than usual are normal around rollover time and during high impact news.
 

Most brokers with variable spreads widen considerably at end of day (5 PM ET) ± 30 minutes.
My GBPJPY shows average spread = 26 points, average maximum spread = 134.
My EURCHF shows average spread = 18 points, average maximum spread = 106.
(your broker will be similar).
          Is it reasonable to have such a huge spreads (20 PIP spreads) in EURCHF? - General - MQL5 programming forum (2022)

 
Right click in the market watch window, go to columns, and activate the spread column. You can see the live spreads then
 

Such high spreads are typical for CFD's during periods of low liquidity. CFD broker-dealers can operate with a small pool of third-party liquidity providers or none whatsoever. In contrast, an FX broker-dealer that is connected to the interbank market will have a larger and wealthier liquidity pool and hence, lower spreads during those same periods.

I should note that you won't be able to trade XAUUSD as a non-CFD. You would have to find a broker-dealer that has synthetic spot gold, gold futures, or gold ETF's.

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