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Thanh Thao
Within 1 year

Could you clarify what the total trading cost includes for indices such as the US100 when using FX Connect?

Broker Issues
FX Connect
Fees and Spreads
02-21
United States
WikiFX
Reply

From my perspective as an experienced trader, evaluating the total trading cost for indices like the US100 with FX Connect requires extra caution. Based on the available data, I found that FX Connect primarily advertises its broad financial services—such as execution flexibility, settlement solutions, and workflow management—without providing any transparent or detailed fee schedule for trading instruments like the US100. The platform does not disclose specifics on spreads, commissions, overnight financing (swap) fees, or any ancillary charges that are typically part of index trading costs. This lack of transparency is especially concerning to me given FX Connect’s unregulated status and the warnings about suspicious regulatory claims and high potential risk. There are also no reliable user reports or published experiences detailing cost breakdowns for trading major indices. Because I aim to protect my capital and value clear cost disclosures, I would be hesitant to proceed without receiving explicit written confirmation from their support about all possible trading expenses—spreads, commissions, slippage, swaps, and platform fees—before committing funds. In summary, the full scope of trading costs for indices at FX Connect remains unclear, and I advise a conservative, vigilant approach.

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