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From my experience and review of BOOM, I found that their main fee structure is based on transparent commission charges per trade rather than spreads in the traditional sense, especially for equities and futures. The broker is regulated in Hong Kong and focuses on stock and futures trading across multiple global markets, but the information provided does not specify whether spreads are fixed or variable as is commonly seen in forex brokers. Instead, BOOM charges a set commission depending on the market, for example, USD 20 per trade for U.S. equities and percentage-based fees for Hong Kong and global stocks. As a trader, it's critical to understand why this matters. Fixed and variable spreads become especially important during periods of high volatility—such as major economic news releases—because variable spreads typically widen and can materially impact trading costs in traditional forex environments. However, since BOOM operates with commission-based pricing rather than spread-based, the direct impact of widening spreads during volatile times may be less of a concern compared to brokers who quote variable spreads. That said, because BOOM’s platform is proprietary and not industry-standard like MT4 or MT5, I am cautious. In volatile markets, some brokers may adjust other trading conditions such as margin requirements, or execution speeds could be affected. I advise any trader considering BOOM to carefully review the platform’s execution policy and to keep in mind that, without explicit detail from the broker on spreads, transparency might be limited. In summary, for me, the fixed versus variable spread question is less relevant here than understanding BOOM’s overall commission structure and execution reliability during fast-moving markets.