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Do Daicha Iconic Markets Ltd offer fixed or variable spreads, and how are their spreads affected during periods of high market volatility, such as major news releases?

Broker Issues
Daicha Iconic Markets Ltd
Fees and Spreads
05-05
United States
WikiFX
Reply

Based on my research and analysis, Daicha Iconic Markets Ltd lists a range of minimum spreads, starting from 0.8, 1.2, and 1.5, depending on the account type and deposit size. However, they do not explicitly clarify whether these are fixed or variable spreads, which is itself a point of concern for transparency. In my experience, reputable brokers are typically clear about their spread structure because it impacts trading costs, especially during volatile markets. Generally, when brokers display “from” a certain spread, it usually means variable spreads are in place; these tend to widen substantially during periods of high market volatility – for example, during major economic news releases. Without clear regulatory oversight and considering the “suspicious regulatory license” status highlighted in the information available, I would approach their spread dynamics with caution. In my years of trading, I’ve learned that unregulated or under-regulated brokers may not always follow industry standards during volatile periods; spreads can widen to unpredictable levels, affecting both entry and exit prices adversely. This makes risk management particularly challenging. For anyone considering Daicha Iconic Markets Ltd, I would recommend seeking full, written clarification on their spread policy and testing trading conditions under a demo account during high-impact news events before risking real capital. This cautious approach is vital when transparency and effective oversight appear limited.

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