I’m looking at Exness for event trading and trying to understand the real cost when spreads blow out.
If you have actual logs or screenshots from NFP, CPI, FOMC, please share: pair, account type, time window, max spread, slippage on market or stop orders, commission, and whether cashback reduced the hit. I’m interested in EURUSD and XAUUSD mostly, but any majors help.
Also, did support resolve any bad fills or is it just part of news trading? If you compared Exness with another broker during the same release, was your net cost after rebates lower, similar, or higher?
What numbers did you record and what would you avoid next time?
NFP last Friday spread jumped 6 pips EURUSD.
USDJPY widened to 9 pips during CPI then normalized.
If you want clear numbers, record the one minute around the release with tick logs. Track max spread, average spread over the first sixty seconds, commissions, and slippage on entries and exits. Compute net per lot as spread value plus commission minus cashback plus slippage cost. Do this for five events at least. Avoid the first ten seconds if you cannot tolerate slippage. Place a control limit order away from price to see execution behavior without fills. That shows platform stability and pricing during stress.
My notes from a recent FOMC showed raw spreads near 0.2 to 0.4 on EURUSD before the event, widening to 5 to 7 for about thirty seconds. Commissions were standard. Slippage on market entries was around 0.8 to 1.5 pips depending on direction. Cashback reduced the effective cost by about 0.3 pip per lot. The total impact on a chase entry was still roughly 2.5 to 3.5 pips. Waiting until the second minute lowered both spread and slippage a lot.
I only trade the second minute after news.
Spreads are calmer and slippage is smaller, so my fill cost is closer to normal. Cashback helps, but it does not save bad entries.
If you can, logbook the events.
I use a simple sheet with time, pair, max spread, slippage, commission, and rebate. After five releases the cost pattern becomes clear.
Tracked EURUSD for three NFP releases.
Pre news was 0.3 to 0.5. Spike hit 4 to 6 for about half a minute. Market orders slipped near 1 pip. Cashback returned around 0.2. Net still heavy if you hit the first candle.
Better results using stop orders placed early.
I saw less slippage than market clicks and I avoid the first ten seconds. My average cost per lot dropped by about one pip after that change.