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Can I know the details about the Inefex fees?

Broker Issues
Inefex
Fees and Spreads
04-15
United States
WikiFX
Reply

Inefex offers a no-fee structure for deposits and withdrawals, which is fantastic for traders looking to avoid extra charges on their transactions. However, it is important to note that the broker's fees are instead built into the spreads, which vary depending on the account type. For example, on the EUR/USD pair, the spread for the Basic account is 3.0 pips, which narrows as the account type increases. For the VIP account, the spread goes down to 1.6 pips, which is quite competitive compared to other brokers. From my experience, these fee structures are common in the industry, where brokers with tighter spreads usually offset the costs through higher account requirements. In my opinion, Inefex provides a decent balance of low deposit and withdrawal fees, but traders should still pay attention to the spreads, especially if they are planning to trade frequently. As for inactivity fees, there is no mention of such charges, which could be a positive for traders who prefer to keep their accounts dormant for a while. However, I would recommend confirming this directly with customer support for full clarity.

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