Reflecting on my experience as an independent trader, evaluating IndiaNivesh's offerings has made me acutely aware of certain risk factors. The most notable concern for me is the lack of valid regulation, which is always my starting point when assessing a broker’s reliability. This influences every aspect of the trading environment, including transparency on spreads. Based on the available information, there’s no public disclosure regarding whether IndiaNivesh operates with fixed or variable spreads. In regulated environments, such details are usually provided clearly, as they are fundamental for both risk management and informed decision-making. In my practice, the type of spread—a fixed versus variable—directly impacts the predictability of trading costs, especially during periods of high market volatility or major news releases. With unregulated brokers like IndiaNivesh, I have to stress extra caution: variable spreads often widen significantly during volatile conditions, and with limited transparency or regulatory oversight, there’s an elevated risk that spreads could become disadvantageous unexpectedly. This could lead to higher transaction costs and less efficient trade execution, impacting my ability to manage positions prudently. Since IndiaNivesh does not specify their spread model and given their high-risk profile, I would personally avoid trading during major news events or volatile sessions on such a platform. For me, the absence of clear, regulated spread policies undermines trust and adds unnecessary risk to my trading strategy.