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Could you give a comprehensive explanation of IFA’s fee structure, covering details about commissions and spreads?

Broker Issues
IFA
Fees and Spreads
04-11
United States
WikiFX
Reply

In my thorough exploration of IFA, I found it noticeably difficult to verify any transparent information regarding their fee structure, particularly with respect to commissions and spreads. As an experienced trader, transparency about costs is crucial for my own risk management, and IFA’s lack of clear public disclosures immediately gave me pause. What’s especially concerning is that IFA does not hold any valid regulatory license, which means there is no oversight compelling them to publish or standardize their fees. This situation often leaves traders vulnerable to unexpected costs or unfavorable trading conditions. IFA mainly advertises services like financial intermediation on the Amman Stock Exchange, financial advisory, and margin funding. However, I was unable to locate any specifics about typical spreads on currency pairs or commission schedules for trades. For me, this degree of opacity forces a particularly conservative approach—without dependable breakdowns on how trades are charged, I simply cannot assess the true cost of trading. In my view, absence of regulation amplifies this risk because traders lack any third-party protection regarding hidden or excessive fees. Based on my experience and the available data, anyone considering this broker should be extremely cautious, especially regarding possible undisclosed charges. Without verified fee details, it’s difficult to trust that trading costs will be reasonable or predictable.

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