WikiFX

Sagot

Yes, commissions are applied to Premium and VIP accounts. For the Premium account, the commission is $7 per lot, and for the VIP account, it is slightly lower at $5 per lot. On the Standard and Trader accounts, no commissions are charged. From my experience, commission-based accounts tend to be favorable for traders who trade in larger volumes, as the spreads can often be tighter, which compensates for the commissions. The absence of commissions on the Standard and Trader accounts is appealing to beginners and casual traders who don't want to deal with extra fees. However, for experienced traders, the commission fees on Premium and VIP accounts are relatively low compared to other brokers, especially considering the tighter spreads offered. I personally prefer commissions on higher-volume trades because they can make up for the larger spreads, but this depends on individual trading strategies.