WikiFX

Reply

In my research and experience as an independent forex trader, clear and reliable information about trading costs is absolutely crucial before I commit any funds to a broker. When assessing Master Door FX, I was particularly concerned by the lack of transparent details regarding commissions, especially as this relates to their ECN or raw spread accounts—a standard industry point I'd expect to be explicitly stated. What I did find is that Master Door FX does promote spreads starting from as low as 0.8 or 0.9 pips, which generally suggests some form of ECN or raw spread model. However, nowhere in the available information could I verify if they charge an explicit commission per lot alongside these spreads—something that is common practice with true ECN brokers. For me, this absence triggers caution, as reputable ECN brokers are always upfront about both spread and commission structures, allowing traders to accurately assess trading costs. The opacity here makes it impossible for me to calculate my potential expenses or compare the broker on a level playing field with regulated, established competitors. Given the high risk rating and the fact that Master Door FX holds no valid regulatory license, the lack of commission transparency is a significant concern. Personally, I would not fund an account or trade until these costs are detailed in writing by the broker; surprise fees or unclear cost structures can quickly undermine trading performance and overall trust. For responsible risk management, I need every facet of the fee structure laid out before even considering opening a position.