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Based on my review of StoneX as an experienced trader, I must highlight that the information currently available is quite limited and raises some critical concerns that shape my approach to fees and commissions. Specifically, StoneX does not provide transparent details regarding its fee structure, including whether it charges commissions per lot on any ECN or raw spread account types. This lack of clarity is something I always view with caution, as understanding the cost of each trade is fundamental for consistent trading performance and risk management. Additionally, it’s important to recognize that StoneX is not regulated by any recognized authority at this time. This absence of regulation, coupled with an unclear fee schedule and no mention of ECN or raw spread trading accounts, forces me to be especially conservative. In my experience, regulated brokers will always make their commission and spread structure very clear in their account details, as this is essential for both trust and compliance reasons. While StoneX does offer a demo account and a proprietary platform, these positives do not offset my concerns regarding the ambiguous pricing model. Without verified and transparent information about trading commissions or spreads for forex trading, I cannot comment definitively on the costs for each lot traded, and therefore, I would not proceed with live trading or significant capital commitments under such conditions.