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.

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.

TriumphFX is a broker for specific purposes. Yes, if you are a professional trader and have a large deposit of at least $500, you can get many of the features it has. Like low commissions, tight spreads, and compensation for bank transfer fees! But unfortunately less than $500 won't get any of these features. The minimum spread is already 1.6 pips and under ideal conditions can exceed 2 pips.

How much is the spread for indices trading in this broker? I've noticed that TriumphFX offers all kinds of indices including that outside of the US indices. So, I think that this broker might be the one I am looking for. However, I can't find any information regarding the indices spreads. Am I looking it at in the wrong place? I would be glad if anyone can answer my question.