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DoreenVanDenHeever
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Does BPF offer fixed or variable spreads, and how do these spreads behave when the market is highly volatile, such as during major news releases?

Broker Issues
BPF
Fees and Spreads
01-03
United States
WikiFX
Reply

From my experience evaluating numerous brokers, the details available on BPF indicate they use a flat transaction fee structure—specifically, a fixed price of 3 points plus VAT per transaction. This is different from the variable or floating spreads offered by many international forex brokers. Instead of the commonly advertised "spread" model where the difference between bid and ask prices can widen dramatically during volatile conditions or major news announcements, BPF’s approach appears to provide some cost predictability. In my view, this could be advantageous for those who prefer transparency and want to plan their trading costs without worrying about sudden spread spikes. However, it’s important to recognize that, during high-volatility periods, even with fixed point transaction costs, the underlying asset prices themselves can experience slippage or gapping. Cost predictability in terms of fees does not guarantee order execution at expected prices when markets move rapidly. Therefore, while BPF's clients might avoid variable spread enlargement during news events, they are still exposed to market risks inherent to futures and FX. I would emphasize the importance of proper risk controls and order types, especially around major economic announcements, as no fee structure can entirely insulate traders from the impact of volatile price action.

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