WikiFX

Reply

From my experience as a trader, transparency around trading conditions—specifically spreads—is critically important. When evaluating NatWest Markets, I found that the broker’s WikiFX profile does not disclose explicit details about typical spreads for EUR/USD or other major currency pairs on standard accounts. This absence greatly concerns me, as it’s difficult to gauge overall trading costs or compare NatWest Markets to established, regulated forex brokers that publish detailed spread information. It’s worth emphasizing that NatWest Markets lacks regulation by the UK’s FCA or any major global financial authority, according to the profile. For me, this raises further questions regarding client protection and the reliability of pricing, as regulated entities are generally required to disclose their trading conditions and adhere to strict transparency standards. The ambiguity about spreads and absence of regulatory oversight is a combination I approach with caution, especially since trading costs can impact performance over time. Given this lack of published spread data and the firm’s regulatory status, I would advise anyone—including myself—to proceed very carefully. Personally, I would not commit real funds without complete and trustworthy disclosure of spreads and other trading conditions. For my own trading, I regard clearly disclosed, competitive spreads and robust regulation as non-negotiable factors in selecting a forex broker.