What are the detailed fees of the Turing broker?
Turing operates on a commission-free model, which can be highly beneficial for traders looking to avoid additional charges beyond the spread. The spreads themselves start from 0.0 pips on the standard account, which is quite low and allows for more cost-effective trading. However, while the absence of commissions is an advantage, it’s important to understand that the spread is the primary cost of trading, and it can fluctuate depending on the asset and market conditions. This is especially true for volatile assets like cryptocurrency, where spreads can widen significantly. In my opinion, Turing’s fee structure is competitive, but it’s vital to monitor the spreads closely during periods of high volatility. The high minimum deposit requirement of $1000 still stands as a barrier to entry for many traders, which should also be considered when evaluating the cost structure. Before performing a Turing login, it’s best to review the current spread conditions to ensure you’re aware of any changes.