WikiFX

Sagot

UBK Markets charges commissions based on the account type. For the Classic Account, the commission is $9 per 100,000 units, while the iPA-Investor Account charges $16 per 100,000 units. In my opinion, these fees are reasonable, especially when compared to brokers that charge higher spreads or commissions. However, I’ve found that, depending on the frequency of my trades, these commissions can add up, especially if I’m trading larger volumes. While the low minimum deposit for the Classic Account is a big plus for beginners, I do think that traders using more advanced accounts with higher commissions might need to carefully monitor their trading costs. Personally, I prefer having transparent fees like these because it makes it easier for me to calculate my trading costs and adjust my strategies accordingly.