WikiFX

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Based on my close review of Everforex, I cannot confidently determine whether they charge a commission for each lot traded on what some brokers would label as “ECN” or “raw spread” accounts. From my experience, transparent fee structures are a minimum expectation, especially when trading forex. Unfortunately, Everforex’s WikiFX data provides limited disclosure on specific costs associated with trading, including commissions. Despite noting “tight” spreads, which sometimes appears with ECN models, I found no mention of explicit commission charges per lot—nor is their account structure broken out in a way familiar to me from more established, well-regulated brokers. This absence of clear information and their unregulated status both heighten my concerns. In regulated environments, brokers are typically required to detail their fee schedules and provide clarity about trading conditions—key elements for building trust. Given these unknowns, I would not trade significant funds or make assumptions about Everforex’s commission policies. Instead, consistent and explicit cost disclosure, ideally from an audited and regulated source, remains essential for my decision-making in choosing where to trade. For now, and in the absence of verifiable commission details, I must advocate for caution with Everforex.