WikiFX

Sagot

FXGlory offers a commission-free trading environment on its Standard and Premium accounts, with spreads starting from 2 pips and 0.7 pips, respectively. For traders like me, this commission-free model is attractive because I don’t have to worry about additional charges per trade. However, I do find the spreads a bit higher than some other brokers in the industry. The VIP account offers a tighter spread starting from 0.7 pips, and the CIP account provides an even tighter spread starting from 0.1 pips, but this account requires a large minimum deposit of $50,000. In my case, I’d probably opt for the Standard account due to the low deposit requirement, but the higher spread would make me think twice if I plan to trade frequently. With no commissions on any account, the primary cost I’d face would be the spread. FXGlory’s spreads are something I need to consider closely when trading.