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Thanh Thao
1-2 years

Does Questrade offer fixed or variable spreads, and how do these spreads typically behave when there is significant market volatility due to news events?

Broker Issues
Questrade
Fees and Spreads
07-18
United States
WikiFX
Reply

As someone actively trading forex with a personal focus on costs and order execution, I pay close attention to the type and behavior of spreads offered by a broker. Questrade operates as a market maker, and it provides variable (floating) spreads rather than fixed spreads for its forex products. Typically, their spreads begin from 0.08 pips, which can be competitive in normal market conditions. However, I’ve found that with any broker using variable spreads—including Questrade—the cost of trading can change rapidly during volatile periods. When significant news events occur, spreads at Questrade can widen noticeably. This is common across the industry, as market makers and liquidity providers widen spreads to manage increased risk and reduced liquidity. From my experience and observation, during calm periods, Questrade’s spreads are usually stable and generally align with other reputable brokers. Yet, during major data releases or surprise geopolitical developments, I've noticed more frequent requotes, wider spreads, and sometimes even platform slowdowns, as reflected in some user feedback. For me, this means risk management during volatile sessions requires careful planning, as wider spreads increase trading costs and can interfere with stop-loss and take-profit executions. In short, Questrade does not provide fixed spreads, and traders should expect variable spreads that can expand when volatility spikes—especially around news. Being mindful of this behavior allows me to better plan my trades and avoid unwelcome surprises during turbulent markets.

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