I’ve been trading on Deriv for a couple months now and I keep hearing warnings about spreads blowing up during major news releases. I haven’t experienced this myself yet, but I’m trying to understand what traders actually see when it happens.
Does the platform just show wider spreads, or do your orders get rejected? Does the rebate still apply when spreads widen? And more importantly, is this something that happens to everyone or just certain account types?
I’m trying to figure out if I should avoid trading around news events entirely or if it’s just a matter of being careful with position sizing when volatility spikes. What’s the actual experience been for people here?
Spreads on Deriv blow out pretty hard during major news. I’ve seen EUR/USD go from 1.0 pip to 3-4 pips on NFP releases.
The platform doesn’t reject your orders, but slippage becomes real. You place a market order expecting 1.0 pip and get filled 2-3 pips away. It’s not a glitch, it’s just the market.
The rebate still applies to whatever spread you actually trade at, so that helps a bit. But the real cost is the slippage, not the rebate. I just avoid trading Deriv during major news now. Not worth the risk.
Spreads widen but the platform stays up. Saw 2 pip spreads during US job reports.
Spreads widen significantly during news, but execution depends on your account type and the liquidity available.
Standard accounts see the widest spreads. Some traders use limit orders specifically for news events to avoid the worst slippage. Your rebate still applies, but it helps less when spreads are 4 pips instead of 1.
Better strategy: either avoid news events entirely or use smaller position sizes. The risk-reward doesn’t work out when you’re giving up 2-3 pips just to enter.
Spreads triple during news. GlobeGain rebate barely helps.
Track your actual entry and exit prices during news events. Compare the spread you see when you place the order versus the price you actually get filled at. That gap is slippage, and it’s often bigger than the spread itself.
This is why Deriv’s rebate matters more outside of news events. Use your trading plan to avoid news times, and save the rebate benefit for normal market conditions.