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Darren Ross
Within 1 year

Could you break down the total trading costs involved for indices such as the US100 when trading on BYDS?

Broker Issues
BYDS
Fees and Spreads
07-08
United States
WikiFX
Reply

As an experienced trader who evaluates brokers carefully, I must say that determining the total trading costs for indices like the US100 on BYDS is quite challenging due to a lack of transparent, independently verified fee disclosures. In my review of BYDS, I found that the platform’s official materials focus on its range of services—like futures account opening and market analysis—rather than providing clear, detailed information on spreads, commissions, or overnight fees for index contracts. What concerns me most is that BYDS is not licensed or regulated by any recognized financial authority. From my perspective, this absence of oversight means there is no external guarantee that fee structures, pricing models, or trading execution for products like the US100 are held to fair or industry-standard benchmarks. Even with demo accounts and educational resources, the core data about real-money trading costs remains elusive, and several user reports highlight issues with transparency and withdrawal restrictions, which further erodes trust. Without published specifications, a trader considering BYDS has no objective way to calculate the true cost per contract for the US100 or other indices—including potential hidden fees or slippage. Personally, this level of uncertainty is an unacceptable risk. For me, consistency, transparency, and regulatory assurance are non-negotiable when assessing the total trading costs for any asset class, and these are aspects that BYDS fundamentally lacks.

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