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Tricia54
Within 1 year

Could you break down what the total trading costs are for indices such as the US100 when trading on Senshu Ikeda?

Broker Issues
Senshu Ikeda
Fees and Spreads
05-10
United States
WikiFX
Reply

From my experience in the forex and broader securities market, understanding total trading costs is fundamental before committing to any broker, especially one like Senshu Ikeda, which operates primarily as a securities brokerage under clear Japanese FSA regulation. Unfortunately, when it comes to indices like the US100, Senshu Ikeda’s product focus seems more concentrated on stocks, bonds, and domestic instruments rather than Contract for Difference (CFD) products or spot indices trading that are standard with many international brokers. The context about Senshu Ikeda makes no explicit mention of offering index CFDs such as the US100, which is a critical point for me when calculating trading costs. For the financial instruments that Senshu Ikeda does support—like domestic and foreign stocks, bonds, and investment trusts—the fee structure appears transparent. Deposits and withdrawals are free, which eliminates those hidden costs that can add up with some other brokers. Transaction fees for stock brokerage are clearly outlined, and the absence of complicated commission structures is reassuring. However, as a trader interested in indices like the US100, I notice Senshu Ikeda does not state availability or fee details for such products. Additionally, they do not offer the MT4 platform or a typical derivatives trading environment, which limits access for typical index or CFD traders. In summary, for me, the total trading costs for traditional assets at Senshu Ikeda are relatively transparent. But if you’re seeking to trade the US100 or similar indices, I would urge caution and recommend clarifying with the broker before proceeding, given that index products might not be supported or may incur different fees that aren't directly disclosed. This conservative approach not only manages cost expectations but also ensures regulatory and product transparency are maintained—principles I always prioritize in my trading choices.

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