WikiFX

Sagot

In my direct experience evaluating brokers, fee transparency is a vital component for fostering trust and helping traders accurately understand their cost structure. With XSpot Wealth, according to their documented fee schedule, the broker primarily focuses on private wealth solutions and outlines its charges as management (1%), custody (0.2%), and transaction (0.2%) fees, without specifying a traditional commission per traded lot commonly seen on ECN or raw spread forex accounts. Their website and the available context do not present clear information about per-lot commissions for regular forex trading. I find this lack of precise detail concerning lot-based commissions concerning for independent forex traders like myself who rely on clarity around costs to manage risk and strategize effectively. When a broker operates under a model that isn’t explicit about trade-by-trade charges, especially for ECN or raw spread accounts, it adds uncertainty and potential hidden costs. For me, this vagueness around trading commissions—combined with flags such as a revoked EEA license and persistent, unresolved withdrawal complaints—means I would exercise considerable caution. Without verifiable, transparent information about each aspect of the fee structure, I would avoid assuming there are no commissions, and I’d seek explicit clarification in writing from the broker before ever considering opening or funding an account.