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Could you break down what the total trading costs are for indices such as the US100 on the BOOM platform?

Broker Issues
BOOM
Fees and Spreads
02-24
United States
WikiFX
Reply

Having evaluated the BOOM platform and its fee structure closely as someone who’s always prioritizing clear and predictable trading costs, I can offer a breakdown based on my personal understanding and careful review of their disclosures. For indices such as the US100, BOOM does not appear to use a spread-based model typical of CFD brokers. Instead, they rely on a flat commission structure when executing trades in global markets. According to the most current information, the commission for trading global markets on BOOM—under which US index futures would fall—is 0.50% or lower per trade. It's important to note that this fee could be lower depending on the specific market or product, but 0.50% is the figure I work with for cautious forecasting. In addition, there are no hidden spreads or unexpected platform fees. That said, exchange and clearing fees, which are standard on futures markets, may still apply though these specifics aren’t fully detailed on BOOM’s site. The absence of deposit and withdrawal fees is a positive, as is the lack of minimum deposit requirements. However, if your account becomes dormant, BOOM does charge a notable inactivity fee—HKD 200 for personal accounts and even higher for corporate accounts—which is worth keeping in mind for longer-term or less active traders. From my risk management perspective, I prefer this level of fee transparency, but before committing substantial capital, I’d always confirm the exact commission charged for any specific index product with customer service, and request a full run-down on possible exchange fees. This methodical approach has served me well in avoiding unpleasant surprises.

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