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Based on my review of Bull Market’s publicly available details, I could not obtain direct information on whether they offer fixed or variable spreads. This lack of transparency itself raises a cautionary flag for me, especially as spread structure is fundamental to assessing a broker’s suitability for active trading. Additionally, as someone with years of experience, I have learned that brokers who do not openly disclose such terms may not be prioritizing trader clarity or best execution standards. Compounding this, Bull Market is currently unregulated by any major financial authority, which means there’s no framework in place to enforce fair dealing or provide recourse in the event of unfavorable trading conditions. Given that their primary product suite appears to revolve around Argentine and US investment instruments—mutual funds, stocks, and bonds—rather than typical spot forex, it’s much less likely that Bull Market uses standard fixed or variable spread models seen in the global forex space. Even if they do, in my view, high market volatility (like during major news releases) almost always leads to spread widening in unregulated or less-transparent environments. My experience tells me that without regulatory oversight, brokers have greater latitude to adjust spreads unfavorably, which can significantly increase trading costs and risks precisely when precision and reliability are most essential. In summary, Bull Market does not clarify its spread model, and their lack of regulation suggests extra caution is warranted. When trading around high-impact events, I would personally be very cautious about execution quality and cost with any broker operating under these conditions.