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Karoline Hardy
Within 1 year

Could you break down what the total trading costs are for index instruments such as the US100 when using Nova Finance?

Broker Issues
Nova Finance
Fees and Spreads
05-08
United States
WikiFX
Reply

As an experienced forex trader, my priority is always to understand the full scope of trading costs before committing any capital, especially with brokers whose transparency and regulatory status might be in question. With Nova Finance, I found it quite difficult to obtain a clear, reliable breakdown of total trading costs for index instruments such as the US100. According to the available information, Nova Finance lists multiple account types with a wide range of spreads—from as tight as 0.8 pips up to 3.0 pips, depending on the minimum deposit and leverage. However, I couldn’t find any official confirmation of whether these specified spreads precisely apply to index CFDs like the US100, or if they are exclusive to forex pairs. Furthermore, details about commissions remain entirely absent for all account tiers. From my experience, when a broker doesn’t clearly disclose whether trades are commission-free or if there are additional charges per lot, this introduces a significant layer of uncertainty—and potential cost. Other costs such as overnight financing (swap rates) or slippage under normal or volatile conditions are also not mentioned, and this lack of transparency makes it impossible for me to accurately estimate the all-in trading cost for US100 or any other index. Based on the information gaps and the overall high-risk profile—including unverified regulatory licenses and public warnings—I would advise extreme caution. Without full access to a detailed fee schedule, including typical spreads, commissions, and non-trading fees specifically for index trading, I do not feel comfortable calculating or speculating about the total cost structure. For me, clear and comprehensive cost disclosure is non-negotiable, especially when dealing with YMYL decisions like investing substantial personal or client funds.

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