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Could you break down the total trading costs involved when trading indices such as the US100 on Monex Europe?

Broker Issues
Monex Europe
Fees and Spreads
05-10
United States
WikiFX
Reply

Having traded with various brokers over the years, I always prioritize understanding total trading costs before committing funds—especially for products like indices. When I looked into Monex Europe for trading indices such as the US100, I found some important concerns that significantly affect transparency and cost calculation. Monex Europe, which previously operated under the UK’s FCA but has since had its regulatory license revoked, currently provides very limited public information regarding specific trading fees, spreads, or commissions on indices. As a trader, this lack of concrete, upfront cost details poses a serious risk: without regulatory oversight and clear fee schedules, it's challenging for me to accurately estimate spreads, overnight financing, or commission charges involved in trading indices. Additionally, Monex Europe primarily focuses on institutional FX and payment solutions rather than retail-oriented index trading. Their platforms and API tools are tailored toward corporate or high-volume clients, which might mean minimum trade sizes, tiered pricing, or bespoke fees that an individual trader like myself can’t easily verify or anticipate. In my experience, when a broker does not publish detailed cost breakdowns, hidden or variable expenses can significantly erode profit margins unexpectedly. Given these red flags—especially the revoked FCA license and absence of clear, itemized costs—I would approach trading any indices, including the US100, with Monex Europe with utmost caution. For me, explicit fee transparency and active regulatory supervision are non-negotiable for managing both risk and expenses effectively.

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