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WoodCrusher
1-2 years

Can you tell me the typical spread for EUR/USD when trading on a standard account with SOCIETE GENERALE?

Broker Issues
SOCIETE GENERALE
Fees and Spreads
07-13
United States
WikiFX
Reply

As someone who always places risk management and transparency at the top of my priorities, I find myself treading very carefully when considering SOCIETE GENERALE for forex trading. At this time, I have not found any validated or official information about the typical spread for EUR/USD on a standard account with them. The absence of these essential trading details is a red flag for me, especially considering that knowledge of the spread is fundamental to evaluating trading costs and comparing brokers. What's more concerning is that SOCIETE GENERALE, despite its corporate size and reputation in other financial sectors, operates in the forex space without any verified regulatory oversight according to my research. The lack of clear, accessible information on core aspects like spreads, deposit and withdrawal conditions, as well as the warning about a suspicious regulatory license, means I cannot establish the level of trust necessary to commit my own funds. For me, reliable data on spreads, especially for major pairs like EUR/USD, needs to come from a fully regulated broker that provides transparent trading conditions. In SOCIETE GENERALE’s case, until they can present clear, regulated, and publicly accessible trading terms, I would personally refrain from opening or funding an account or making any trading decisions based on assumptions about their spreads.

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