WikiFX

Sagot

FenzoFx provides a spread as low as 0.5 pips on forex trading, which is competitive compared to many brokers. However, the platform does not charge any commission on trades, making it attractive for traders who prefer a simple cost structure. While this commission-free model is beneficial, I still need to be cautious about the spread, as it can widen during volatile market conditions, potentially increasing trading costs. In addition, FenzoFx offers a no deposit bonus, which is a great way for new traders to try the platform without incurring fees. However, the lack of clear details on the spreads for other asset classes like commodities, stocks, and cryptocurrencies makes it difficult for me to assess the true cost of trading on FenzoFx. I would recommend contacting their customer support to get a clearer picture of the fee structure before opening an account.