Trading cost - Forex Broker Testimonials

I had an amazing experience with Tickmill. I found their spreads quite reasonable. They are probably not the cheapest in the market, but they are still affordable in my opinion. However, lately, there are an increase in deposit fees. This actually affects me more than I want to believe. I am not an active trader, so I don't deposit much. I still prefer them compared to any other broker tho. Simply because I found their trading conditions to be much more appealing than others.

I have to be honest, at first, I was very skeptical about this broker. Especially because the commission fees they stated on the website of 0.5 pips in EUR/USD. I think it was very low and I'm not sure anyone would do that. However, I decided to try because it does sound promising. As time goes by, this broker proves again and again, that they are a trusted broker with wonderful trading costs. By the time I realize this, I have stayed with them for almost a year. There are a few minor problems here and there but it's not worth discussing.

A little backstory about me and TriumphFX. I started investing with Triumph FX in 2014 till today, and I have been going through all these ups and downs with them. All I can say is that they are very professional and amazing throughout the years. I honestly have no complaints about their trading service. But, I do find them a little expensive as a beginner. But as I grow, TriumphFX's excellent service becomes the only thing that matters. For that, I am willing to pay more than I usually do.

I think this broker is best for professional traders as they have a lot of great features to support that. So far, they have checked all the boxes, including a narrow spread, low commissions, and compensation for bank transfer costs. Not to mention, the quality of each trade is really well preserved. However, I do think they aren't awful for new traders. But, they do have a pretty large spread and this might not be suitable for novice traders (1.6 pips I think). Their spreads can also widen according to market's volatility, so this might not the best condition for traders.

Actually, I believe the fees in eToro are at a bare minimum. I mean, zero commission and a low spread, isn't that enough for you? That is acceptable to me. When there are many inactive accounts, of course, they charge fees because I believe inactive accounts consume a lot of server memory. Also,  if you pay the fees, eToro will not be your inactive account. With so many features included, I believe the fees are reasonable.

eToro is one of the world's most innovative brokers. It has unique features that other brokers may not have. We can copy the strategies of other traders using social trading. It's similar to copy trading, but we copy from friends not from pro traders so we can discuss so many things there. It also has many features that I consider to be very advanced. However, one of the reasons I don't trade there frequently is that it charges an inactivity fee for accounts that do not trade for an extended period of time. Also, when we withdraw, we are charged $5, which can be costly for some traders.

For me, trading Forex and CFDs at eToro is slightly more expensive than most competitors, despite the fact that eToro recently reduced spreads and introduced zero-dollar commissions for US stocks. Remember, if they added a $5 withdrawal fee, it is not suitable for users looking for lower fees. But I must admit that their trading feature is exceptional. eToro is the platform of choice for users looking for a modern trading platform.

You guys! I finally created my first account in TriumphFX! And I think I have to tell the world about my experience. Keep in mind, this isn't my first rodeo so I have some basic understanding of what to expect. Honestly, I think creating an account in this broker is pretty simple. You just need to upload this, upload that, and VOILA it's done! It was that simple even I was surprised. The verification process happened quite fast. The only downside is I feel like their minimum deposit is pretty expensive (I use the VIP account).

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?

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.