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From my deep dive into AP CAPITAL, I’ve found that the precise commission structure—including whether they charge per lot on ECN or raw spread accounts—is unclear. While AP CAPITAL is regulated by the Securities and Futures Commission of Hong Kong, which lends some credibility, I noticed a distinct lack of transparency regarding several key trading conditions. Important details such as minimum deposit, leverage, spread, trading platform, and specifically, commission charges are simply not disclosed in the available information. As a trader who places a high value on clarity before committing funds, this missing information is a significant drawback. In my experience, reputable ECN trading venues usually outline their commissions per lot clearly because that cost directly impacts trading profitability. Here, the absence of such disclosures makes it impossible for me to confidently assess and compare the real trading costs with AP CAPITAL. In summary, I have not found evidence that AP CAPITAL specifies commission-per-lot charges for ECN or raw spread accounts. For me, this lack of disclosure is a caution flag. Without a detailed fee schedule, I would be extremely hesitant to open an account or trade with them, as hidden costs or ambiguous pricing could materially affect outcomes. Whenever I evaluate a broker, I always seek full transparency on commissions and fees to ensure I’m making informed decisions about my trading capital.