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Davis Wu
Within 1 year

Could you break down what the total trading cost is for indices such as the US100 on KODDPA?

Broker Issues
KODDPA
Fees and Spreads
07-02
United States
WikiFX
Reply

As someone who’s spent years navigating the real-world complexities of forex and CFD trading, I’ve learned to be careful when evaluating broker transparency, especially when it comes to trading costs for popular indices like the US100. With KODDPA, my research raised immediate red flags that make it impossible for me to reliably assess the true trading cost here. First, there’s an absence of concrete, verifiable information regarding spreads, commissions, or any other associated fees on indices. What stands out from my investigation is that KODDPA’s actual business operations are clouded by persistent, concerning reports of withdrawal blocks and possible account manipulation. Several firsthand accounts mention users being unable to access their funds, being asked for additional payments under dubious pretense, or finding account balances wiped out allegedly due to hacking incidents. For traders, costs are not just about spreads or commissions but also about the risk of not being able to access your capital. Given the serious nature of these allegations and a lack of transparent, clearly posted trading costs, I must state unequivocally that I do not feel safe or confident attempting to evaluate—or recommend—trading anything, including the US100, on KODDPA. In my experience, price transparency and secure fund access are absolute prerequisites for judging trading costs, and both are fundamentally lacking here. Any calculation would be speculative at best, and for me, that represents an unacceptable risk.

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