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Ashraf Shahhat
Within 1 year

Could you break down the total trading costs involved when trading indices such as the US100 with HoxtonWealth?

Broker Issues
HoxtonWealth
Fees and Spreads
03-04
United States
WikiFX
Reply

From my perspective as a trader who prioritizes risk management and regulatory oversight, I’ve taken a particularly cautious approach when evaluating HoxtonWealth, especially regarding trading costs for assets like the US100 index. The most important factor for me is that HoxtonWealth operates without regulatory supervision. While they present themselves as based in the UK and offer a range of investment services and their proprietary Hoxton Wealth App, the absence of regulation increases overall risk, including the opaqueness of cost structures. When it comes to trading indices like the US100, my experience with reputable, regulated brokers is that you typically encounter transparent costs: spreads, possible commissions, overnight financing (swap) fees, and occasionally withdrawal or conversion fees. However, with HoxtonWealth, the lack of clear regulation and the limited public information about specific pricing on indices means that precise fees, spreads, and potential slippage are not disclosed or standardized. For me, the inability to access a full fee schedule or rely on regulatory complaint mechanisms introduces additional indirect costs and uncertainties. For traders who demand transparency and accountability, these hidden or ambiguous costs can have a significant impact on strategy and risk planning. In summary, while HoxtonWealth lists some general investment services, I personally would not be comfortable trading indices like the US100 on their platform due to the lack of disclosed fees and regulatory safeguards.

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