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From my careful review of MFG, I can confirm that the broker’s public documentation is detailed when it comes to regulation, product range, and platform options. However, I was unable to find any clear information about whether MFG uses fixed or variable spreads. This absence itself is worth noting. For me as a trader, spread transparency is essential in evaluating a broker’s trustworthiness and determining the true cost of trading, especially during volatile periods around major economic news. MFG is regulated by the Securities and Futures Commission (SFC) in Hong Kong, which adds a level of legitimacy. Yet, SFC rules don't dictate a fixed spread policy; rather, they oversee financial soundness and fair practices. In my own experience, most brokers offering a wide array of products—especially futures and forex—tend to use variable spreads. Variable spreads typically widen during high market volatility or important news releases, sometimes dramatically. This can significantly affect trading outcomes if not anticipated, so it is crucial to have clarity on how spreads behave under such circumstances. Based on the lack of explicit spread information on MFG’s public channels, I must proceed with caution. Before committing funds, I would strongly recommend contacting MFG directly for clarification on their spread policy, especially if you plan to trade during market-moving events. Understanding the potential for wider spreads and execution uncertainty in fast markets is vital for sound risk management. I prefer brokers who clearly outline their spread policy so that I can make fully informed decisions about my trading exposures.