I’ve had a few bad experiences trading around major economic announcements. Spreads blow up, I’m getting filled at terrible prices, and my rebate doesn’t even come close to covering the damage.
I’m wondering if the RoboForex account type I’m using is even designed to handle volatility. Like, does it matter which one I pick when spreads go from 1 pip to 5 pips in seconds?
I’ve heard some account types have better execution during news because of their infrastructure or market maker setup. Others seem to just widen spreads and let traders suffer. And I’m trying to figure out if a slightly higher cost account type with tighter execution during volatile times is actually cheaper in the long run, even after rebates.
Has anyone tested different RoboForex accounts specifically during news events? What actually happened to your spreads and execution? Did switching account types make a real difference or is it all the same?
News events are where account type choice really shows.
I tested this on purpose. Opened positions on an NFP Friday with my Standard account and tracked execution versus what others reported on Pro accounts. Standard spreads hit 5+ pips. Pro stayed around 2.5 pips on EUR/USD.
That sounds small but if you’re doing 5 lots per trade, you’re looking at 12.5 pips of extra cost on Standard. Rebate barely covers 1 pip. The Pro account paid for itself that day alone.
Now I trade Standard for regular conditions and switch to Pro for scheduled news. Costs more commission but execution during volatility is worth it. GlobeGain rebates help offset the higher commission structure on Pro.
News impact depends on RoboForex account tier. Standard and Pro behave differently during volatility.
Standard accounts on RoboForex use market maker execution. Spreads widen significantly during news because the liquidity pool shrinks temporarily. Execution gets queued.
Pro accounts use direct market execution. Spreads widen less and fills happen faster, but you pay commission. During low volatility that commission costs you. During news it saves you.
Strategy: Trade Standard during calm hours. Switch to Pro 30 minutes before major data releases. The extra commission during news is cheaper than the cost of wide spreads and slippage on Standard.
Track your actual execution times and fill prices during news on both. That data tells you which account type fits your news trading.
Pro account better during news slower standard when quiet stays cheaper.
Pro account spreads stay tighter during news but costs more fees overall so it depends on how often you trade volatile times.