WikiFX

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Inefex does not charge commissions on trades, which is often an attractive feature for traders. Instead, the cost of trading is incorporated into the spread, which means that the spread is the primary cost that traders will incur when placing a trade. Depending on the account type, the spread on the EUR/USD pair can range from 3.0 pips for the Basic account to 1.6 pips for the VIP account. Personally, I appreciate this approach because it simplifies the cost structure and allows traders to more easily calculate their trading expenses. However, I always caution traders to pay attention to how the spread changes with different account types, as this can significantly impact your overall trading costs. From my perspective, while no commissions may seem like a good deal, it’s important to evaluate the spreads carefully when deciding which account type to open.