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Spreads and Commissions - Forex Broker Testimonials

Identifying a good broker will not be complete without checking the testimonials. This is because experience speaks louder than words.

Dianne
Jul 27 2020

 

Pro

  • Deposit and withdraw quickly, can be with a bank transfer through an intermediary site, good in this case

Cons

  • Why does it feel like the spread is high? Even it is not in a state of volatility
  • the profit is also not in accordance with the pips even though there is no swap, I'm confused

Katie Glover
Sep 10 2019

 

I have a different kind of account in IC Market, But, I noticed that last few weeks on my MT5 Zero account, the spread is not 0 (zero) anymore. Precisely on the SP 500 and Dax40. This feels off for me because to my understanding these two should be on zero spread account and not standard. After all, I am still paying the commission fees. Have there been any changes to Admirals policy that I am not aware of? Can anyone tell me?


Dixie Hughes
Aug 12 2019

FBS offers a massive range of assets to trade, like global indices, stocks, metals, and oil. There's something for everyone, making it super easy to build a diverse portfolio. What's cool is that FBS keeps it fair and transparent, with no sneaky fees or hidden commissions. You can also move your money around hassle-free, thanks to many payment options and commission-free transfers between accounts. That's a big deal for me and many fellow traders. I can see them blowing up and becoming even more awesome.


Benny Mcgee
Jan 10 2019

 

There are some server errors when I'm using a demo account. The good news is, I haven't experienced it during the two months I'm using a live account, which is a good thing. Although I've read that a lot of people experienced server errors during news releases, we'll just have to see. Despite that, there are several things that I don't really like. The commissions are too high, 20% of the profit when the trade is in earnings, but also when they are at a loss. I think it should be only at 10%. But the order executions are good, so there is that. Right now I'm still undecided whether to like IC Markets or not, so I gues for now I'll give it 3 stars.


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