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Ahmed Harb
Within 1 year

Could you give a comprehensive overview of the fees charged by I-Access, covering both commissions and spreads?

Broker Issues
I-Access
Fees and Spreads
09-02
United States
WikiFX
Reply

As an experienced trader, I always approach any broker’s fee structure with careful scrutiny, especially when transparency is a concern. With I-Access, what stands out immediately is their commission-based pricing model rather than spreads—in fact, forex and commodities trading aren’t even offered, so the familiar spread-based cost structure is not relevant here. Instead, I found that fees are clearly tied to commissions on securities, futures, and options transactions. For trading Hong Kong securities, the broker charges a 0.25% commission per transaction, with a minimum of $100 per trade. Shanghai and Shenzhen A-shares incur a flat $5 commission per order. Futures contracts are charged $5 per contract, though if you trade more than 3,000 contracts in a month, the rate drops to $2 for subsequent contracts, and there are further reductions for exceptionally high volumes. Options, whether stock or index-linked, generally carry a $5 per contract fee, although for stock options over five contracts, a 0.1% of total premium (with a minimum of $30) may apply if that proves to be lower. In my opinion, these commission levels are notably high, particularly the minimum charges. This structure may significantly impact smaller investors or those making frequent-but-small trades, as costs can quickly add up. I also couldn't find precise information regarding other incidental fees such as deposit or withdrawal charges, which leaves some uncertainty I personally find a bit unsettling. Ultimately, while their commission scheme is straightforward for the products offered, anyone considering I-Access should factor these sizeable charges and lack of regulatory clarity into their risk assessment.

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