I’ve gotten burned before by spreads blowing up during NFP and other major economic releases. I’ll be in a position that looks fine and suddenly the spread goes from 1.2 pips to 5+ pips on something like EUR/USD. By the time I can react, the slippage has already cost me.
I want to know which brokers actually manage spreads reasonably during these events without completely widening out like they’re running some kind of scam. I’m not expecting spreads to stay tight, but there’s a difference between a reasonable widening and getting absolutely crushed.
Has anyone here compared how different brokers handle spreads during news? And does the rebate from GlobeGain actually offset the cost damage when spreads blow out, or is cashback useless when volatility hits hard?
Spread behavior during news depends on the broker’s liquidity provider and their risk management. Tier-1 brokers like IC Markets, FxPro, and Exness maintain reasonable spreads because they have direct bank access. Spreads might double during NFP but rarely exceed 3-4 pips on EUR/USD.
Brokers with weak liquidity providers see spreads spike 5-10 pips. That’s a sign they’re matching retail order flow instead of accessing real markets.
Rebates help but don’t solve the core issue. If you’re scalping volatility, avoid trading the first 2 minutes after a major release. The spread cost and slippage exceed any rebate value. The rebate helps on regular trading days when spreads are normal. During news, just stay out and capture the move once the spike settles.
I tested Exness and FxPro side by side during the last NFP. Both held EUR/USD around 2-3 pips wide. Exness slipped me once but only by 0.5 pips. FxPro was cleaner but both are solid.
Tested a smaller broker during the same event and EUR/USD went to 7 pips. That’s the difference between real liquidity and bucket shop type setups.
For me, the GlobeGain rebates matter on normal trading days when I’m actively trading 10+ lots. During news events I don’t trade the spike anyway because the odds aren’t in your favor. I wait 5-10 minutes then trade. The rebate accumulates over time and helps offset regular trading costs.
I’ve noticed the same thing. NFP days are rough for spreads on most brokers I’ve used.
From my experience, Exness and IC Markets don’t expand their spreads as much as some of the smaller brokers. That said, I usually just close my positions or stay out 30 minutes before and after major news. The spread risk isn’t worth the potential reward.
The rebates help on regular trading days when you’re accumulating volume. On news days, the spread spike overshadows any cashback benefit. It’s better to use rebates as a long-term cost reduction rather than expecting them to save you during volatile moments.
Most brokers widen during news. Just don’t trade the first few minutes after releases. Spreads settle down after a bit.
IC Markets and FxPro hold spreads better.
Skip first 5 minutes after news. Rebates help later.