WikiFX

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Based on my research and review of Mad Gain’s publicly available background, I was unable to confirm whether they offer fixed or variable spreads, or to find specific details regarding the spread conditions under volatile market scenarios. The information available primarily highlights that Mad Gain has been operating for only 1-2 years, holds a United States financial service registration through FinCEN, and is labeled under “medium potential risk” with a “suspicious scope of business.” For me, these factors emphasize the need for caution—especially when transparency on trading conditions, such as spread type and behavior, is missing. From my experience, fixed spreads remain the same regardless of market conditions, making them somewhat predictable but often wider. Variable spreads, on the other hand, can widen dramatically during high volatility, such as major news events, which can have substantial cost implications. Not knowing which model Mad Gain uses—and with no official clarity provided—makes it difficult for me to reliably anticipate trading costs or risk during turbulent markets. Personally, I rely on clear, upfront information about spread structure when considering a broker, and in the absence of that, I tend to view such uncertainty as a significant risk. Conservative traders may want to verify these details directly with Mad Gain before committing real funds.