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gnsrael
Within 1 year

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

Broker Issues
SSI
Fees and Spreads
01-11
United States
WikiFX
Reply

Based on my experience as an independent forex trader, evaluating brokers like SSI requires extra caution, especially when assessing trading costs and overall transparency. With SSI, the most critical concern for me is their lack of valid regulatory oversight. According to my research, SSI does not provide clear or accessible information on trading accounts, fees, or platforms, which immediately raises several red flags where risk management is concerned. For someone interested in trading indices such as the US100 with SSI, I would be wary due to the absence of published spreads, commissions, or other typical cost structures. Usually, a transparent broker will detail the spread or commission per trade on indices, any overnight financing (swap) fees, and any additional fees like withdrawal or inactivity charges. With SSI, none of this core trading information is available, and this obscurity makes it nearly impossible for me to estimate the actual total trading costs one might incur. In my view, the lack of a demo account further complicates the ability to test their offering or experience the real cost structure in a risk-free environment. I cannot confidently suggest using an unregulated broker where the total costs are not clearly disclosed, as unexpected or excessive fees can significantly impact trading outcomes. For me, transparency on all cost components is critical before committing any capital. In this case, I would personally look for a regulated broker that openly details all trading charges for indices like the US100 to ensure I could manage my risk and capital effectively.

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