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As an experienced trader, I approached Midas Securities hoping for clarity on spreads, especially since managing transaction costs is critical for my strategies. Based strictly on the available context, Midas Securities primarily acts as a securities broker, focusing on Hong Kong-listed stocks, bonds, ETFs, and derivatives, rather than as a traditional forex broker. The fee structure outlined by the firm centers around commissions and statutory charges rather than spreads, which is typical for equities and bond trading in Hong Kong rather than forex pairs. There’s no explicit mention of fixed or variable spreads in their provided materials, which for me signals that trading costs at Midas Securities arise from published commissions and exchange fees rather than dynamic bid/ask spreads as seen in the forex market. Furthermore, during periods of market volatility—especially around news-driven events—transaction costs at equity brokers in Hong Kong are generally governed by these set commissions and exchange fees, with execution slippage or widened spreads playing a much smaller role compared to the forex environment. For someone prioritizing predictable transaction costs and not wanting the uncertainty of spread widening during volatile news, this structure can be considered more transparent. However, if your strategy relies on ultra-tight spreads or high-frequency intraday moves around news events, it would be prudent to review their official trading platform or contact their support directly for any recent changes in cost structure. As always, I wouldn’t commit funds without full clarity on all trading costs and how they might affect trade execution during turbulent market conditions.