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I need help with an abnormal EURUSD spread surge outside of trading hours!!!
Dec 18, 2024 at 11:39
146 Paparan
2 Replies
Ahli sejak Dec 18, 2024
3 hantaran
Dec 18, 2024 at 11:39
Hello everyone, I recently experienced an issue with my broker regarding an abnormal spread spike on the EURUSD pair, and I need advice or insights from the community.
Here are the details of the situation:
1. My broker's typical spread for EURUSD is around **2.7 pips**.
2. On the MT4 platform, between **23:59 and 00:02** (server time), the broker restricts trading.
3. However, during this period, I noticed that the spread increased abnormally to as high as **20–23 pips**.
4. There were no **geopolitical events** or **economic news releases** at that time that could justify such an increase.
5. It was also **not during Monday's market opening**, which might normally explain wider spreads.
I contacted the broker about this issue, and they asked me to provide comparative spread data from other brokers during the same period. Unfortunately, as most of you know, individual clients like me cannot easily access historical spread data from other brokers.
### My Questions: 1. Is there any tool, platform, or indicator that allows gathering **historical spread data** for EURUSD from multiple brokers? 2. Has anyone else encountered a similar issue where spreads spike unreasonably during restricted or non-trading hours? 3. What would be the best approach to address this issue with my broker? I would appreciate any insights, advice, or guidance you can share. Thank you!
Here are the details of the situation:
1. My broker's typical spread for EURUSD is around **2.7 pips**.
2. On the MT4 platform, between **23:59 and 00:02** (server time), the broker restricts trading.
3. However, during this period, I noticed that the spread increased abnormally to as high as **20–23 pips**.
4. There were no **geopolitical events** or **economic news releases** at that time that could justify such an increase.
5. It was also **not during Monday's market opening**, which might normally explain wider spreads.
I contacted the broker about this issue, and they asked me to provide comparative spread data from other brokers during the same period. Unfortunately, as most of you know, individual clients like me cannot easily access historical spread data from other brokers.
### My Questions: 1. Is there any tool, platform, or indicator that allows gathering **historical spread data** for EURUSD from multiple brokers? 2. Has anyone else encountered a similar issue where spreads spike unreasonably during restricted or non-trading hours? 3. What would be the best approach to address this issue with my broker? I would appreciate any insights, advice, or guidance you can share. Thank you!
Ahli sejak Dec 09, 2024
2 hantaran
Dec 23, 2024 at 10:47
alex7001 posted:
Hello everyone, I recently experienced an issue with my broker regarding an abnormal spread spike on the EURUSD pair, and I need advice or insights from the community.
Here are the details of the situation:
1. My broker's typical spread for EURUSD is around **2.7 pips**.
2. On the MT4 platform, between **23:59 and 00:02** (server time), the broker restricts trading.
3. However, during this period, I noticed that the spread increased abnormally to as high as **20–23 pips**.
4. There were no **geopolitical events** or **economic news releases** at that time that could justify such an increase.
5. It was also **not during Monday's market opening**, which might normally explain wider spreads.
I contacted the broker about this issue, and they asked me to provide comparative spread data from other brokers during the same period. Unfortunately, as most of you know, individual clients like me cannot easily access historical spread data from other brokers.
### My Questions: 1. Is there any tool, platform, or indicator that allows gathering **historical spread data** for EURUSD from multiple brokers? 2. Has anyone else encountered a similar issue where spreads spike unreasonably during restricted or non-trading hours? 3. What would be the best approach to address this issue with my broker? I would appreciate any insights, advice, or guidance you can share. Thank you!
This is common with all brokers. The spreads widen at 17:00 Eastern time USA and stay that way for the entire hour. It's due to low liquidity as the futures markets in the USA are closed during this hour.
Ahli sejak Dec 02, 2024
75 hantaran
Jan 03 at 05:32
I’m so sorry for your experience. Have you checked TradingView or Myfxbook itself to find the historical spread data? They offer charting tools to compare spreads between various brokers on different pairs (although sometimes the data comes from community-shared information).
For your second question, I have been trading with Fxview and their spreads have been generally consistent even during off hours. You can check them out if the unusual spread spike is a consistent problem. Sometimes, the server issues or liquidity providers can also cause the spread spike.
You can always reach out to the support team of your broker and be specific about your problem. Share the screenshots and if they are not responding, I think it would be the time to switch!
For your second question, I have been trading with Fxview and their spreads have been generally consistent even during off hours. You can check them out if the unusual spread spike is a consistent problem. Sometimes, the server issues or liquidity providers can also cause the spread spike.
You can always reach out to the support team of your broker and be specific about your problem. Share the screenshots and if they are not responding, I think it would be the time to switch!
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