The execution speed is fast, but the issue is their commission, which can be confusing. They say they charge $5 for trading the US30. Normally, 1 lot on US30 earns $100 for every 10 pips.
However, they actually charge 50 cents for every 0.01 you trade. So, for 0.10 (which should be $10 per 10 pips), they charge $5. This should be only 5 cents. Even though it's listed as 0.10, it behaves like 0.01, earning only $1 per 10 pips. Despite this, they charge $5 for the commission. So for a standard 1 lot on US30, they're taking $50 but claim it's only $5.
This can be misleading and feels like they're not being honest with their charges. When you bring this up with them, they apologize but say there's nothing they can do. Their advice is to avoid trading indices altogether.
Other Problems
DDwayne Price Oct 19 2023
Alright, folks, let's dive into this! First off, the execution... More
VVera Valdez Oct 10 2023
The execution speed is fast, but the issue is their... More
The execution speed is fast, but the issue is their commission, which can be confusing. They say they charge $5 for trading the US30. Normally, 1 lot on US30 earns $100 for every 10 pips.
However, they actually charge 50 cents for every 0.01 you trade. So, for 0.10 (which should be $10 per 10 pips), they charge $5. This should be only 5 cents. Even though it's listed as 0.10, it behaves like 0.01, earning only $1 per 10 pips. Despite this, they charge $5 for the commission. So for a standard 1 lot on US30, they're taking $50 but claim it's only $5.
This can be misleading and feels like they're not being honest with their charges. When you bring this up with them, they apologize but say there's nothing they can do. Their advice is to avoid trading indices altogether.