WikiFX

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As an experienced trader, I approach any broker with caution, particularly one like M&G, which currently raises some red flags for me. When I evaluated the potential trading costs for indices such as the US100 on M&G, there were several crucial points to consider. First, the broker does not provide full transparency on its fee structure. While M&G states that asset management and investment fees are calculated annually and taken daily, there’s no clear breakdown for trading costs specific to indices or forex—such as spreads, commissions, or swap rates. This lack of detail is problematic for me, as I rely on precise cost calculations to evaluate expected returns and manage risk. Moreover, the WikiFX context indicates numerous issues reported by users, including withdrawal difficulties and missing funds, which introduces further concerns about hidden or unexpected costs beyond standard trading fees. The company's FCA license is noted as "exceeded," meaning its regulatory status is not fully compliant—another factor contributing to high potential risk. Given that I value transparency and robust regulation above everything when assessing total trading costs, the absence of detailed fee information and the significant operational risks make me hesitant to recommend or even use M&G for trading any index, including the US100. For me, it’s critical to have full disclosure of spreads, commissions, overnight financing, and withdrawal fees before depositing funds, especially in a high-risk environment like this.