Wesley H
US • 4/14/2025
Making the account is easy which is a…
Making the account is easy which is a plus. Accessing the trading software is easy. They provide news article releases which is nice. However the core issue in my experience is the gold spreads they offer are very poor. I paid the commission to have tighter spreads on Gold and with commission based spreads it was still a spread of 18-25! During peak trading on New York? By comparison my Oanda account yielded spreads of 3-5 on Gold. On EURO/USD they do take the spread from a 4-5 to 1-2. If your trading metals this firm is a waste of time. You already making a loss with such high spreads on Gold, so adding on fee's that do nothing to tighten spread just means you barely make any profit. In addition you have to add in any typical losses on trades you would make. However I assume it's done this way to ensure you fail. I mean the whole point of the tighter spread is to increase profits, so if they aren't delivering on that then your essentially just getting charged a fee for nothing. If you stick with currency pairs and are selective on trades then it may not be a big issue. Just my 2 cents.