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tabawan_dreamer
Within 1 year

Can you explain the fees at TMi Markets?

Broker Issues
TMi Markets
Fees and Spreads
02-26
United States
WikiFX
Reply

TMi Markets claims to offer low spreads starting from 0.8 pips, which is attractive to me as a trader because lower spreads reduce my overall trading costs. However, there’s a lack of detailed information on commissions and swap rates, which is something I would need to inquire about before committing to the platform. The broker also does not charge deposit fees, which I find beneficial since many brokers tend to charge fees for certain payment methods. However, the 1% withdrawal fee on certain methods is something I need to consider when withdrawing my funds, as it can add up over time. In my TMi Markets review, I would recommend that traders carefully review the fee structure, especially the withdrawal fees, as these could increase trading costs. Despite the low spreads, I would be cautious of hidden costs, particularly for frequent traders.

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