No "bonus" spread during NEWS

Hi,

I trade breakout strategy so I always exactly at the same hour place two pending orders.
In last three week I have two trades executed during NEWS and I get HUGE spread.
SO my question is:
Does exist some reliable broker which DOES NOT wide spread during news?

Generally speaking, reliable brokers WILL widen spread during the news. They have a reason... your strategy is quite profitable meaning someone will be consistently on the expensing side. No bank or ECN will fill you during news right where your limit orders wait to be executed. If they need to hedge you, they would be instantly on the losing end. As for majority of market maker brokers, they all widen the spread these days in order to protect their books (buckets). If I were a broker, I would do the same, it does not make business sense to be consistently losing.

Your strategy will be further diminished once you start trading large size. Even if you find a broker that does not widen spreads, soon or later they will tell you to stop.

My honest advice to you is invest time in less controversial strategy... you will be better off in a long run. I remember doing exactly the same in 2005... you could get filled during NFP and be instantly +20 or +50p ... those days are long gone and are not coming back. Majority of market maker brokers put stop on this and banks and ECN's never had enough liquidity during news to fill accurately.

To be clear, most deal desk brokers will widen their spreads to protect themselves during news. Most STP/ECN brokers WILL SEE THEIR SPREADS WIDEN because there is less liquidity shown by banks and a lot of orders taking out bids and offers on news. STP/ECN brokers don't make their spreads.

What you are describing is true in all markets. When big events occur, there are a lot of orders trying to go one way (more than usual) and a lot of people trying to stay out of the way. It isn't a function of an evil broker.

I know that this is a normal forex broker behaviour. I dont blame them.
Just want to know if it is even possible find someone who dont do that...