Trading cost - Forex Broker Testimonials
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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 1
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.
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?
In the past, I had a very bad experience with swap fees. I was a new trader and didn't know what it was, so I let my account open overnight and I was surprised to find out that I was charged just to keep my position open.
Recently my friend recommended I use Islamic Account or normally called a swap-free account. Does TMGM also have this account type? Would it affect the spread I choose?
How much is the minimum amount of deposit on TMGM? Are there any differences regarding the minimum deposit for each trading account type? I have my fair share of troubling brokers that didn't disclose their minimum deposit fees, this has caused me to spend more than I am willing. Normally I wouldn't mind the fee but I would prefer to be informed beforehand.
You can call me a cheapskate I don't care, but for me, reducing trading costs is a must. So I always try to find out what kind of fees I need to pay during trading. As for IC Markets, I know that you guys charged commission fees for your raw account and that is to be expected. What I want to know is if there is any other trading cost I have to pay (I use an MT4 raw spread account). I also want to know if I will be charged a deposit and withdrawal fees? If yes then how much?
Honestly, I have no complaints about this broker. They have a good spread, good leverage, smooth trading platforms, and overall affordable trading cost. Although there is one thing I believe they should improve on, and that is the withdrawal system. I just feel like it's taking too long than other brokers. Normally, it would take 5 business days but now it takes more than 2 weeks for withdrawal. Although I am still thankful that my money arrived safely, I just feel like it should me quicker.
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.