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Based on my own careful research and the details provided about EFG Holding, I have not found concrete, transparent information regarding the specific structure of their spreads—whether they are fixed or variable. In my trading experience, the nature of a broker’s spreads is a critical piece of operational transparency, so the lack of clear disclosure puts me on guard. Brokers that do not publish detailed spread information can introduce an additional layer of unpredictability, which becomes even more significant during periods of heightened market volatility, such as major news releases. Given EFG Holding’s “Suspicious Regulatory License” status and warnings about a high potential risk profile, I believe it is even more essential to approach them with caution. In my professional view, brokers who operate without robust and transparent regulation often implement variable spreads, which can widen substantially when market liquidity diminishes during news events or unpredictable market conditions. Such widening can lead to wider bid-ask gaps and unexpected trading costs, which is especially risky for retail traders. Without documented, verifiable evidence about EFG Holding’s spread behavior, I personally would not feel comfortable trading through them during volatile periods. Reliable spread and execution conditions are fundamental to risk management, and I would recommend confirming these details directly with the broker—in writing—before considering them for any live trading.