WikiFX

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Drawing from my direct review of China Galaxy, I believe clarity on their spreads is notably lacking. As an experienced trader, transparent cost structures are one of my top priorities, especially when assessing potential brokers. Unfortunately, China Galaxy’s WikiFX profile does not disclose whether they offer fixed or variable spreads—and, more broadly, they provide no detailed breakdown of spread conditions at all. This makes it difficult for me to anticipate trading costs or to prepare for their behavior during major news events or periods of high volatility. In my experience, most brokers distinguish themselves by specifying whether spreads will widen during volatile markets. With China Galaxy, however, I found no documentation or assurance on spread management policies. Compounding this, the broker does not support popular platforms like MT4 or MT5, which typically offer clearer visibility on such trading conditions. The absence of this information means that, as a cautious trader, I cannot reliably determine how trading costs might fluctuate during times of market stress. Ultimately, this lack of transparency raises concerns for me from a risk management perspective. Without explicit information regarding spread types or behavior, it becomes challenging to make well-informed decisions, particularly if I intend to trade around major economic releases. For my own capital protection, I tend to avoid brokers that do not provide these critical details upfront.