Based on my direct research into Finansia, I found their transparency around spreads to be limited. Official documentation from Finansia does not explicitly state whether they offer fixed or variable spreads on their trading accounts. In my experience as a trader, this lack of clear information is a red flag—especially since spread behavior is crucial for risk management, particularly during volatile news events. From what’s detailed about their tiered fee structure, it appears that Finansia operates more on a commission and percentage-based cost model tied to trading volume, rather than advertising traditional forex-style spreads. Because they focus primarily on securities within Thailand, their transaction costs seem to be a product of brokerage fees rather than dynamic spread offerings like those common at global forex brokers. Given the absence of regulatory oversight and the high-risk warnings associated with Finansia, I would be extremely cautious. In my own trading, I’ve found that brokers who are not transparent about their spread mechanisms tend to widen their spreads dramatically—or adjust other transaction costs—during heightened volatility around news releases, which can negatively affect trade outcomes. Without clear assurances, my advice is to consider these risks very seriously, as unpredictable costs can quickly erode trading capital, particularly in rapidly moving markets.