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Through my research and experience evaluating brokers like Channel Capital, I always prioritize regulatory status, business transparency, and risk controls before even considering spreads. Channel Capital is ASIC-regulated and operates an STP (Straight Through Processing) model, meaning that—based on industry norms—spreads are typically variable rather than fixed. STP brokers generally provide access to interbank pricing, where spreads naturally fluctuate depending on market liquidity and volatility. During calm market periods, spreads offered by STP-model brokers such as Channel Capital are usually competitive. However, from my own trading background, I know firsthand that spreads almost always widen during significant news releases or episodes of high volatility. This is not unique to Channel Capital; it’s a systemic industry reality due to decreased liquidity and increased uncertainty among liquidity providers. One thing I find lacking with Channel Capital is a clear disclosure about their exact spread structure on public-facing channels. For me, this lack of transparency means it’s essential to approach their offerings carefully, potentially verifying spread averages through a demo account or direct inquiry. In summary, because of the STP model and standard industry behavior, I expect Channel Capital’s spreads to fluctuate and widen considerably when market volatility spikes or major news breaks. For anyone trading around high-impact events, it’s prudent to manage risk accordingly and never assume spreads will remain narrow.