Global Broker Regulation Inquiry App
WikiFX
Rpy Sundram 
1-2 years
How much does UTrada charge in commissions?
Broker Issues
Fees and Spreads
07-07
United States
WikiFX
Reply
UTrada charges commissions only on the Ultra account type. The commission is USD 7 per lot, which is a reasonable rate considering the tight spreads of 0.0 pips offered on this account. However, for the Premium and Standard accounts, there are no commissions, but the spreads are wider. For traders who are looking for tight spreads and are willing to pay a commission, the Ultra account is ideal. However, for those who prefer not to pay commissions, the Premium and Standard accounts might be a better fit, even with the higher spreads. As a trader, I always weigh the pros and cons of spreads versus commissions, and UTrada provides flexibility depending on my trading preferences.
Similar Questions
How do the overnight financing fees (swap charges) at GFX Securities stack up against those offered by other brokers?
Sanford
07-07
Is there a first deposit bonus?
maseko
05-10
Can I know the details about the SSC Smart FX fees?
Serious74
07-29
What is the spread on Strathos?
Interbank Trader
07-16
Can you tell me about the fees at CGFX?
Davis Wu
06-24