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Yousef47
1-2 years

Could you break down the total trading costs involved for indices such as the US100 when trading through R K Global?

Broker Issues
R K Global
Fees and Spreads
08-30
United States
WikiFX
Reply

As an experienced forex trader, I always approach brokers with an emphasis on transparency and regulatory clarity. With R K Global, I've observed that the broker outlines a variety of fees for different instruments, but clear and detailed cost information specific to index products like the US100 is noticeably absent from the available information. What stands out for me is their commission structure for derivatives trading: the stated rate is Rs. 9 per lot for retail clients—this applies generally to derivatives, though it's not explicitly tied to index CFDs or specific indices such as the US100. Beyond trading commissions, there are additional costs to be aware of. R K Global imposes a DP fee of Rs. 12.5 per equity transaction, a call transaction surcharge of Rs. 25, and charges for digital or physical contract communications. However, it's unclear if these equity-related fees directly apply to index trading, which generates uncertainty for someone budgeting overall transaction costs. Just as importantly, there are gaps in information about other standard trading costs I routinely examine with brokers—such as spreads, overnight financing (swap) fees, or slippage. Furthermore, the lack of regulatory oversight and the broker's high-risk warning on their profile raise red flags for me; without regulation, clients may not have recourse in the event of disputes, which amplifies the need for caution. In summary, while I see a flat Rs. 9 per lot commission as part of the derivative product suite, the absence of comprehensive cost disclosures and unclear fee allocation make it challenging for me to fully quantify the total cost of trading indices like the US100 at R K Global. Given these uncertainties and the regulatory risks, I would proceed very cautiously and seek direct clarification from the broker before trading.

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United States
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