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Broker
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Regulators
Mohammed Mazhar
Within 1 year

Does NetDania charge a commission per lot on their ECN or raw spread accounts?

Broker Issues
NetDania
Fees and Spreads
08-08
United States
WikiFX
Reply

From my perspective as a trader with a focus on platform diligence, I approach questions about NetDania's commissions with significant caution. Based on my review of essential details, NetDania does not provide transparent or specific disclosures about its trading account types—there is no readily available information on ECN or raw spread accounts, nor any clear breakdown of commission structures per lot. This lack of basic trading information, particularly regarding fees or commissions, is a significant concern for me. Transparent cost structures are fundamental for managing trading expenses and understanding a broker’s business model. Another issue I noted is that NetDania operates without any regulatory oversight. As someone who prioritizes regulated environments for capital protection, this alone would prevent me from opening any live account, let alone trading with unknown commission terms. In my experience, unregulated brokers that do not outline crucial facts like commission charges or account specifications present an even higher risk to traders, especially if disputes arise. Because no official evidence clarifies whether NetDania charges a commission per lot on ECN or raw spread setups, I must conclude that prospective users are unable to make an informed decision about trading costs. This uncertainty is unacceptable for my trading standards, and I urge anyone considering this platform to exercise the utmost caution until comprehensive, verifiable details become available.

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