WikiFX

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In my experience as a forex trader, assessing cost structures is a crucial step before considering any broker. However, when I looked into Bendix FX, I could not find any transparent information about commission charges per lot for ECN or raw spread accounts. The broker claims to have been operating for five to ten years and presents itself as a forex and risk management specialist, but there is a worrying lack of regulatory oversight and clarity regarding account specifics. WikiFX identifies Bendix FX as unregulated, with a suspicious license and high potential risk, which raises significant concerns for me. Additionally, the platform appears to only accept wire transfers for deposits and withdrawals, which further limits transparency and convenience from a trader’s perspective. Given the absence of regulatory protection and detailed disclosures—for example, about commission costs—I believe it's prudent to proceed with extreme caution. Personally, unless a broker clearly outlines all fees and is transparent about its cost structure, I do not engage with them. The financial safety and clarity about trading conditions are non-negotiable for me, especially considering the high-risk environment associated with unregulated brokers like Bendix FX. Without clear, reliable details on commissions per lot, I cannot make an informed decision, and would advise others to be highly cautious.