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Can I know the details about the INFINOX fees?

Broker Issues
INFINOX
Fees and Spreads
01-30
United States
WikiFX
Reply

INFINOX offers competitive fees with two primary account types: the STP (Straight Through Processing) account and the ECN (Electronic Communication Network) account. The STP account is designed for traders who prefer straightforward trading with no commission costs. The spread for STP accounts starts from 0.9 pips, which is reasonable for a retail broker. On the other hand, the ECN account offers a more attractive option for active traders who require tight spreads. The spread on ECN accounts starts as low as 0.2 pips, making it ideal for scalpers or high-frequency traders. However, this comes at a cost, as ECN accounts charge a commission of 3 GBP/EUR/USD/AUD per side. While the spreads are tighter, the commission structure means that costs can accumulate quickly for frequent traders. This commission is in addition to the spread, so active traders should consider their trading volume and frequency before deciding whether the ECN account is right for them. In addition to the spreads and commissions, INFINOX does not charge any deposit or withdrawal fees, which is a significant advantage over brokers that impose fees for moving funds. However, third-party payment providers, such as credit card companies or e-wallet services, may charge their own fees for processing transactions. It's always important to check with the payment provider to confirm any potential fees before proceeding with deposits or withdrawals. For traders focused on minimizing costs, the ECN account may be more beneficial, as it offers low spreads, though commissions must be considered in total trading costs.

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