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Trading cost - Forex Broker Testimonials

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

Carissa Christianson
Mar 23 2023

 


I am extremely frustrated with Admiral due to the following reasons. While making a deposit, the displayed transfer fee appears as £0, giving the impression that there are no charges. However, this turns out to be misleading because, in the "instructions" provided in their help and support section, it states that there is a small percentage fee for currency conversions.

Consequently, I am left wondering if transferring GBP to GBP incurs a fee of £150 per £5000, and I cannot find any clear information regarding this anywhere. The information available only mentions a 0.3% fee for CFD currencies without addressing this specific scenario.


Leonardo
Nov 10 2022

 

If you are a cryptocurrency trader looking for the lowest trading fees, eToro is not your first choice because you can find other lower-cost platforms. You can find information about each broker's trading fees on this website. This eToro has too many charges in transactions. For example, You must pay a 1% fee in advance for the eventual sale of crypto coin, as well as an additional 1% fee on the purchase.


Lila Aguilar
Oct 10 2022

 

I would like to share my review regarding the deposit process of this company. While making a deposit, it is appreciated that the transfer fee is displayed upfront. However, I have noticed an issue where the displayed fee shows £0, but it turns out to be inaccurate. To my surprise, upon exploring the 'instructions' in their help and support section, I discovered a small percentage charge for currency conversions.

This raises my concern regarding transfers from GBP to GBP, as it seemingly incurs a fee of £150 per £5000. I am perplexed about where this information is clearly stated, as I could not find it anywhere on their platform or documentation. It would greatly benefit users if this information is presented more transparently to avoid any confusion or unexpected charges.


Gena Schott
Aug 8 2022

 

I can't believe how enormous their trading fees are! It's atrocious!

Sure, at the beginning they are very helpful, not to mention they give you this smooth experience. They have a very modern feel to their platforms, really perfect for young traders.

My opinion changes once I'm experiencing very high fees and unknown CFD fees without trading anything leverage. They are also charging day and night fees.

Please be careful when trading with them. Really, trading fees are normal, but I really wish they would tell me beforehand!