WikiFX

Reply

Straits Financial offers a relatively competitive fee structure with spreads starting as low as 0 pips. This is a significant advantage for active traders who rely on tight spreads to maximize their profitability. For those engaged in short-term trading or scalping, such tight spreads can make a noticeable difference in overall costs. However, it is important to note that Straits Financial may charge additional fees, such as overnight swap fees for positions held beyond the trading day. These swap fees can vary depending on the type of asset being traded and the direction of the position. While Straits Financial doesn’t charge commissions on most accounts, traders should also be mindful of other potential costs, such as inactivity fees, which can be charged if an account remains inactive for an extended period. These hidden fees could add up for traders who do not engage in regular trading, so it’s crucial to thoroughly review the fee structure before signing up. Additionally, traders should consider potential withdrawal fees or charges associated with certain payment methods, which may be applicable depending on the selected funding option.