Spreads And Commissions Problems

Alright, folks, let's dive into this! First off, the execution speeds at FirewoodFX are pretty snappy, gotta give 'em that. But here's the kicker – they've got a real sneaky side when it comes to those commission fees. They claim it's just a mere $5 per lot size on the US30. Now, you might be thinking, "What's the big deal?" Well, here's the deal: 1 lot on US30 can rake in a sweet $100 for every 10 pips. So, that $5 commission starts to look pretty hefty when you do the math. It's like they're pulling a fast one on you!

I was actively trading during the NFP release, and to my surprise, my order was executed at a non-market price. When I raised this issue with them, their response was rather dismissive, to say the least. I had solid evidence in the form of screenshots, which I promptly shared with them, but it seemed like they simply absconded with my funds. My account is set up with fixed spreads, yet the order was executed at a level significantly higher, approximately 200 pips beyond my intended entry point.

I'm starting to believe this company vanished into thin air. Every email I send bounces back. The spreads were fantastic. The deposit options were on point – it was like a dream compared to the other brokers I've dealt with before. But out of the blue, total radio silence.

I deposited $89 into my account and bought Tesla with a stop loss. Surprisingly, I was charged a $30 commission, and my balance now displays only $45. I'm completely baffled by how they calculated this commission, and I have no idea where the remaining $14 went.

The customer service experience has been dreadful, with them providing only standard scripted responses. They haven't offered any explanation, and it's been two days with no resolution in sight.

Because of their spread manipulation and canceling orders out of the blue, I'd rate this broker as pretty subpar. If you're into fundamental trading, steer clear of these guys. They're a dead end for success. Do yourself a favor and skip this scam

Although IronFX provides various types of accounts, an excellent platform, trading with them can be expensive. While the broker offers zero spreads, the commission per Lot can be lower.

As a beginner trader, this platform was an excellent start for Forex trading. They offer different accounts, resources and support that made my learning journey smooth and helped me grow as a trader. However, the platform's high spreads are a drawback.

The spread is not tight enough. 2 pips for eurusd is high. But as they do not charge any swap or commission that seems reasonable.

And yes, the fact that the spreads are very high on the standard and pro accounts at this broker, although on other accounts the spreads are pretty low. Why is there such a big gap in the spread of each account? instead of having to be balanced or at least close together. However, on the positive side, there is a free exchange on some financial instruments, for example on cryptocurrency (my favorite instrument). And VPS can also be used 24/7, so I feel safe considering the risk of trading, especially cryptocurrencies, is quite high.

Well, I admit overall, this broker is pretty great. However, I feel unsuited to trading crypto in this company. Why does this company provide multiple accounts for crypto, but the spreads that it offers are very high and it annoyed me. Why should it be like that? Even though there is no commission, isn't it more convenient that the spread is competitive with other brokers?