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Speaking from my own experience and a careful review of Shaw and Partners, I have to approach the question of total trading costs for indices like the US100 with particular caution. Unlike many typical forex or CFD brokers, Shaw and Partners positions itself primarily as a wealth management and investment advisory firm, with offerings such as Shaw Managed Accounts, SMA portfolios, and goal-based investment solutions. Their platform is structured around model portfolios and managed accounts, with a strong emphasis on tailored financial planning and transparent ownership of assets. What is crucial for me as a trader is understanding that explicit, up-to-date spreads or commissions for directly trading instruments like the US100 index are not disclosed in the information available. Trading costs in such managed accounts often come in the form of management fees, advisory charges, and potentially other administrative costs, rather than the straightforward, per-trade spreads or commissions found on typical trading platforms. Instead, when working with Shaw and Partners, I would expect costs to depend on the chosen account structure (e.g., SMA or model portfolio), the strategies deployed, and the size of my investments. Furthermore, because the company's ASIC regulation status is currently marked as "Exceeded," I exercise additional due diligence and refrain from engaging with any products until I am fully informed and comfortable with the fee structure. Any trader considering this broker should request a full breakdown of all applicable fees—including management, advisory, execution, and custodial fees—before opening or funding an account. This approach aligns with my conservative philosophy in evaluating a provider’s trustworthiness and ensures that I do not encounter unexpected or opaque costs, especially in the absence of explicit, published data for trading individual indices like the US100.