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Based on my experience as an independent trader and after closely analyzing all available information about TF SECURITIES, I have to clarify that there is no accessible or transparent detail regarding whether this broker offers fixed or variable spreads on their platform. This is an important consideration for me because understanding the nature of spreads—whether they are fixed, variable, or how they might fluctuate during high volatility events—is crucial for risk management and accurate cost assessment. Given that TF SECURITIES operates without clear international regulatory oversight and the FAQ and public materials do not specify spread structures, I would personally approach this with additional caution. In my trading career, I've learned that unregulated brokers, especially those in highly competitive markets like China, sometimes do not provide the detailed trade condition disclosures that are standard in globally regulated environments. This omission can directly impact trading outcomes, especially during major news events or periods of high volatility, when spreads can widen dramatically and affect both entry and exit prices. For me, absent concrete information, I cannot assume the spreads remain stable, especially in volatile markets. When transparency is limited, the potential for sudden cost increases is higher. Therefore, if tradability of major economic news or minimal slippage is a core part of your strategy, I would recommend conducting live demo tests or seeking more direct answers from official customer service before making any financial commitment. I always advocate erring on the side of caution when key cost factors remain opaque.