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From my experience with Bell Potter’s offering and after reviewing their available public details, the broker does not explicitly highlight whether they provide fixed or variable spreads as part of their main trading conditions. Instead, Bell Potter functions as a full-service stockbroking and advisory firm in Australia, and my understanding is that their focus is more on direct market access to Australian and international equities, plus other instruments like derivatives and fixed income, rather than the typical spread-based model used by many retail forex brokers. When engaging in forex or derivative trading through such firms, spreads are usually variable, influenced directly by the underlying market conditions and liquidity. In my own trading during high-impact news releases or periods of significant volatility, I have noticed spreads will often widen regardless of the broker, including at firms similar to Bell Potter. That’s because underlying liquidity drops and market makers hedge their risk. As Bell Potter is ASIC-regulated and appears to use a market maker model for some products, it is likely spreads are not fixed and can become considerably wider during major events—potentially increasing transaction costs and slippage. I approach such times with particular caution, especially where fee transparency is not front-and-center, as occasional feedback suggests is the case here. If spread consistency is crucial to me, I always verify these details with support before trading around volatile periods to properly manage risk.