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Based on my review of Renta 4’s available information, I was unable to find any clear details regarding their spread structure—whether they offer fixed or variable spreads. This absence of transparency raises concerns for me as a trader, especially given Renta 4’s lack of regulation by the CNMV or any other financial authority. In my experience, when a broker does not provide essential trading conditions like spread type or costs, it introduces a significant layer of uncertainty into real-world trading, especially during periods of high market volatility or major news events. Typically, in the forex industry, unregulated brokers without explicit disclosure on spreads can be susceptible to wide, unpredictable variations—particularly during market turbulence or economic releases. This ambiguity could negatively impact trade execution and costs, as I’ve personally encountered dramatic spread widening with other non-transparent brokers at critical times, sometimes resulting in unexpected losses or stopped out trades. As someone who weighs risk management above all, the combination of regulatory uncertainty and incomplete information on a fundamental trading element like spreads would make me hesitant to open or maintain an account with Renta 4. In markets as dynamic as forex, clarity about trading costs and conditions, especially during unpredictable events, is simply too important for me to overlook.