WikiFX

Sagot

From my careful review and experience evaluating lesser-known brokers, I’ve found it’s important to look closely at key trading conditions—especially spreads—when considering where to trade. With Daicha Iconic Markets Ltd, the information available shows that their standard account offers EUR/USD spreads starting from 1.5 pips. In my perspective, this is quite a bit wider than what I usually see with established and well-regulated brokers, where typical EUR/USD spreads on standard accounts often begin closer to 1.0 pip or less, sometimes even lower during periods of high liquidity. What raises concern for me is that, while a spread from 1.5 pips isn’t automatically unreasonable, it does enter into less competitive territory—particularly given the broker’s lack of valid regulatory license and other risk factors highlighted publicly. Beyond the numbers, the absence of transparent details regarding order execution, deposit/withdrawal processes, or concrete product lists makes me even more hesitant to consider these conditions as reliable or consistent. Personally, my approach is conservative: when a broker does not have comprehensive regulatory oversight and transparency, I treat their trading terms—including advertised spreads—as subject to possible slippage or change. For anyone considering Daicha Iconic Markets, my opinion would be to weigh these risks very cautiously, as both the trading costs and the operational uncertainties could impact any potential trading outcomes.