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Extreme Spreads Over Christmas/new year

Member Since Jul 05, 2015  2 posts hally2710 Jan 02 at 08:28
Hi All,
I was wondering did anybody else experience extremely high spread like between 30-60 pip spikes that caused stop losses to be hit/hedged trades to be closed out at bad prices.

I have currently have a account with my broker wiped with a negative balance because of this. It happen minutes before the market closed 5pm new York time. I think this is unacceptable especially when they 'Pride' themselves on some of the lowest spreads.
Especially when they say the average spread is 0.5 pips. Trading is hard enough without having to worry about major spread spikes.
I have been trading forex for over 5 years and have never had this happen.

Has this happened to anybody else? What was the outcome?


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