Any idea why the spread is so large on my meta quotes demo account? I can’t figure it out. 3 days ago the spread was 2-3 pips.
It’s the weekend and the markets are closed.
(The company you’re thinking of as your “broker” is actually your counterparty (they hold the other side of your bet) and they widen the spread enormously to protect themselves against the market re-opening for a new week with a jump to a different level. It would be similar with a different broker, too.)
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So if it hits my stop loss due to the wide spread over the weekend will it close my position as soon as the market opens?
There are brokers where you can open a Zero-spread account. 