Trading cost - Forex Broker Testimonials
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Jul 4 2022
Do IC Markets allow soft commodity trading?
If yes, do they provide zero spreads trading for these instruments as they do on forex pairs?
Also, how much leverage can I get for soft commodity trading? It is very hard to find a trusted broker that has these instruments, and when they do, it usually comes with ridiculous spreads and costs.
Jun 15 2022
Besides commission fees, are there any other trading fees that should be worried about? I really hate it when a broker claims to have no other hidden fees when in reality they apply a bund of secret fees here and there. This has caused me to lose more money than I intended. Some things that I would be interested in are:
1. deposit/withdrawal fees
2. management fees
3. inactivity fees
if there is any other fees I should pay, I would love to know beforehand.
Jun 6 2022
Besides the standard account, does IC Markets have another account that doesn't apply commission fees? There is nothing wrong with it, but sometimes their amount can be unpredicted. Unfortunately, it makes my trading cost higher than it's supposed to be. I am the kind of person who wants to know how much I am spending and I can be very strict. So, an unpredictable cost like this is really troubling.
Jun 3 2022
How much do the inactivity fees cost in ThinkMarkets? Also, how long should an account be inactive for it to be charged with inactivity fees? The thing is I have just recently started trading in this broker and I think I have about $300 in my account balance.
But I have to take care of real-life business and I might not be able to trade for a while. If ThinkMarkets does charge inactivity fees, will they take it out of my balance or will they send me an invoice? I am a new trader so I don't have much knowledge about this.
Jun 2 2022
What are the base currencies provided by HotForex? I am an Australian trader and I would love to find a good broker with AUD as its base currency.
Some people might think it's a trivial matter but for me, it is very important as it might affect your trading cost. While we're at it, are there any hidden fees in HotForex that I should know about?
Jun 2 2022
I have been trading with IC markets for about 5 months or so. But I am only actually active trading for about a few weeks, I don't open too many positions and therefore I still have plenty of funds left in my account. So, I am about to take some rest from trading for a while. But I do want to continue it once I have sorted out my problems. I am not sure if I should close my accounts or let it just the way it is but risk being charged with inactivity fees?? How long should an account be inactive before it is charged with inactivity fees?
May 31 2022
In my honest opinion, eToro has one of the best trading platforms I have ever tried. I mostly use it for trading cryptocurrency. So far, I found it to be very simple and better than most exchanges. It offers an engaging communal experience that can make my trading activities become much better and different. However, I don't understand why does it charge relatively high fees for all coins besides Bitcoin? Other platforms don't do this, but of course, they don't really offer the same experience. For the most part, I do not feel any major differences compare to other brokers.
May 30 2022
Trading costs are very important for me as a trader. This is what concerns me
1. Does ic markets charge trading costs? If yes then how much?
2. How much does the withdrawal and deposit fee costs? I use bank transfer.
3. Does IC Markets has Islamic account or swap-free accounts?
May 30 2022
Why does IC Markets' minimum initial deposit be $200? I agree that this amount isn't too expensive but most brokers with similar specifications only charged $100 minimum deposits. Is this have something to do with the regulations? Also, does IC Market charge deposit fees and withdrawal fees as well? If yes then how much? This might seems to be a trivial matter but for me, it helps me reduce trading costs.
May 26 2022
I think I have a fair share of experiencing loss because of the overnight fee. This is a daily problem for long-term traders I guess, but it still sucks nonetheless. My old broker claimed to have swap-free account or Islamic account but it's a big lie. I am considering moving to Blueberry markets, but I don't know if they offer a swap-free accounts or not. Does anyone know about it?