Understanding the cost structure of a trading platform is crucial for traders. This review provides a detailed examination of FXIFY’s commission and spread policies, a crucial aspect for traders using their services.
FXIFY’s Commission Policy
At FXIFY, affiliated with FXPIG™, they offer an All-In Feed, ensuring traders benefit from some of the industry’s fastest execution metrics. A standout feature of their commission policy is the absence of commission fees on a wide range of trading instruments, including:
- Forex (FX)
- Precious Metals
- Cryptocurrencies
- Indices
However, it’s important for traders to note that stocks trading on FXIFY incurs a commission of 0.35%. This information is vital for traders focusing on stock markets to factor into their trading strategies.
Spread Details and How to Access Them
FXIFY provides a transparent view of its spreads by offering read-only accounts for both MT4 and MT5 platforms. Traders can log in using the following details:
MT4 Platform Access
- Server: FXPIG-NY7 DEMO
- MT4 Login: 621238
- Investor Password: u6hdvDa
MT5 Platform Access
- Server: FXPIG-Server
- MT5 Login: 2100133370
- Investor Password: 6dtvtbjs
This accessibility allows traders to explore and analyze the spreads for various symbols in real-time, ensuring they have all the necessary information for effective trading decisions.
Advantages of FXIFY’s Spread Transparency
By providing direct access to spread data, FXIFY demonstrates its commitment to transparency. This feature is particularly beneficial for traders who base their strategies on spread analysis, as it helps in identifying the most cost-effective trading opportunities.
Conclusion
In summary, FXIFY offers a unique commission structure, with no fees on most trading instruments and a specific commission on stock trades. Coupled with the provision of live spread data, FXIFY stands out as a platform that caters to the needs of diverse traders, from forex enthusiasts to stock market investors. This detailed insight into their fee structure is essential for any trader considering FXIFY as their trading partner.
