WikiFX

Sagot

PrimeXBT offers zero commission on trades, which is a significant advantage for me as a trader. The spreads for CFD trading start as low as 0.1 pips, which is highly competitive compared to other brokers. In my experience, low spreads make a big difference, especially when using high leverage like up to 1:1000. However, there are some fees to be aware of, particularly the withdrawal fee of up to 1%, which can add up over time. While 1% doesn’t seem like much at first, for a frequent trader like me, this fee could become substantial. Also, while the trading costs are competitive, I would need to consider other hidden costs, such as swap rates for overnight positions, which could affect my overall profitability. In my PrimeXBT review, I would emphasize that the zero-commission structure is a great selling point, but the withdrawal fee is a potential downside that I would recommend traders factor into their cost calculations.