WikiFX

Reply

Based on my research and approach as a cautious, experienced trader, I try to dissect all cost elements before committing to a platform. With Test Flight (test), however, it's a challenge to get a transparent calculation of total trading costs for indices like the US100. The broker's listing mentions a 2% commission and a maximum leverage of 1:50, but crucial details like minimum spread, overnight swap rates, or even typical margin requirements for indices are absent from the available data. In my experience, these omissions mean it's extremely difficult to accurately model total costs per trade, which is a significant red flag for anyone prioritizing cost control and risk management. I also noticed concerns about withdrawal difficulties from at least one user, which sets off alarm bells for the overall trustworthiness and operational integrity. Even if commission is clearly listed, hidden costs often reveal themselves through slippage, platform stability, or withdrawal fees, especially with brokers operating under what WikiFX flags as "medium potential risk" and "suspicious scope of business." For me, a reliable broker must be fully transparent about spreads, swaps, platform fees, and all non-trading costs upfront. Without that, any cost calculation—including for popular indices like the US100—remains more of a guess than a plan, and I personally wouldn’t risk substantial capital under such uncertainty.