WikiFX

Sagot

One of the benefits of trading with SimpleFX is that they offer commission-free trading, which is great for keeping trading costs low. As a trader, I prefer brokers that don’t charge commissions, as it helps me focus on spreads. However, one thing I don’t like about SimpleFX is their inactivity fee. If I leave my account dormant for a period, I’m charged 3% of the account balance or a minimum of $25. This fee feels a bit excessive, especially if I don’t trade for a while due to personal reasons. In terms of withdrawal fees, SimpleFX doesn’t charge fees for most withdrawal methods, which I appreciate. However, wire transfer withdrawals can take 3-5 business days, which is slower than the e-payment or crypto options. So, if I need quick access to funds, I’d prefer using those faster methods.