After carefully evaluating Applied Derivatives using only the information available, I found significant gaps regarding their fee structure. In my own trading career, a broker’s transparency about commissions, spreads, and other charges is non-negotiable, yet with Applied Derivatives, I was unable to locate specific details on these cost components. There is no published data on typical spreads, commission rates, or account-related fees on their publicly accessible resources. This, in my experience, is a major red flag. What adds to my caution is the explicit warning about the broker’s regulatory standing. According to all available evidence, Applied Derivatives currently has no valid regulatory authority overseeing its operations, and WikiFX rates its overall trust score as extremely low, flagging high potential risk and suspicious business practices. Without regulatory oversight, there is no third-party assurance of fairness in pricing or transparency around fees—a situation I believe exposes traders to significant risk. Based on my own standards as a trader who heavily weighs security and cost transparency, the absence of clear, verifiable information about the Applied Derivatives fee structure would prevent me from trading with them. I always recommend choosing brokers where all costs are made publicly and transparently available, and whose operations are under robust regulatory supervision. In this case, I urge extreme caution.