Does INFINOX charge any commissions?
Yes, INFINOX charges commissions on its ECN account type. The commission starts at 3 GBP/EUR/USD/AUD per side for each trade, which is typical for brokers offering low spreads. The ECN account provides tighter spreads, starting at just 0.2 pips, but the addition of commissions makes the total cost of trading higher than with the STP account, which does not charge any commission. Traders who prioritize low spreads and are willing to pay a commission fee may find the ECN account more appealing, especially for high-frequency trading or scalping strategies. On the other hand, if you are a trader who prefers simplicity and lower transaction costs, the STP account may suit you better. The lack of commission on the STP account means that traders will pay a slightly higher spread (starting from 0.9 pips), but they avoid commission fees entirely. When choosing between account types, it’s essential to consider your trading style and how much commission you are willing to pay for lower spreads. Active traders with high trade volumes may prefer the ECN account for the benefit of tighter spreads, despite the commission fees, while others who trade less frequently may find the STP account to be more cost-effective.