WikiFX

Sagot

As an experienced trader, I’ve learned that understanding the commission structure of any broker is crucial before opening an account, especially when considering how costs impact long-term profitability. With ZHONGYANG, the situation is not as straightforward as with brokers offering classic ECN or raw spread accounts. According to information I found, ZHONGYANG’s services center primarily around securities and futures brokerage, rather than the typical spot forex ECN model. Their fee structure lists specific commissions and turnover fees for different asset classes—for example, they charge per-share fees for U.S. stocks and set commissions for various futures contracts (like $20 for COMEX Gold futures). However, I did not find any indication of ECN or raw spread forex accounts or the per-lot commission structure commonly associated with such account types. For me, the absence of detailed information about forex trading accounts and explicit per-lot forex commissions is a red flag, requiring caution. Additionally, the company’s regulatory status appears ambiguous and potentially risky, with references to exceeded or suspiciously cloned licenses. Thus, based on what I reviewed, if I were specifically looking for a broker with transparent ECN or raw spread commission models for forex, ZHONGYANG would not be my first choice. Their commission structure is tied to specific securities and futures contracts, not to forex lots, so clarity and caution are both warranted before engaging with them.