Global Broker Regulation Inquiry App
WikiFX
QM Trader
1-2 years

Does RCG offer fixed or variable spreads, and how do these spreads behave when there’s high market volatility, such as during major news events?

Broker Issues
RCG
Fees and Spreads
08-21
United States
WikiFX
Reply

From my experience and the details provided about RCG, I have to point out that there is no clear, verifiable information about whether RCG offers fixed or variable spreads. The broker’s WikiFX profile focuses on their futures brokerage, agricultural market analysis, and risk management services, but lacks transparent disclosure on spread types—something I consider a red flag, especially for anyone who actively manages risk around spreads during volatile news events. As a trader, knowing whether a broker uses fixed or variable spreads is fundamental because it directly affects trading costs and risk exposure; variable spreads, for instance, can dramatically widen during high volatility, while fixed spreads may be subject to slippage or execution caveats with unregulated brokers. RCG’s unregulated status and a zero risk management rating further concern me. Without robust regulatory oversight, there’s no guarantee the broker maintains fair pricing or clear execution during periods of market stress. In my practice, I would be extremely cautious about engaging with any broker lacking explicit spread, execution, and regulation details. When managing trades around major news, the integrity and transparency of a broker’s pricing model—and its regulation—give me confidence or tell me when to steer clear. With RCG, these critical answers simply aren’t available, and for me, that’s a risk not worth taking.

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