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Broker
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Karoline Hardy
Within 1 year

Could you give a comprehensive overview of HUNGSING’s fee schedule, covering both commissions and spreads?

Broker Issues
HUNGSING
Fees and Spreads
05-19
United States
WikiFX
Reply

As an independent trader with a focus on evaluating broker transparency, I always insist on conducting due diligence, especially regarding fee structures. With HUNGSING, my research reveals a concerning lack of clarity when it comes to their fee schedule. The information I found did not specify any concrete details about commissions, spreads, or other potential trading costs. In practice, these are essential factors for managing risk and forecasting trading expenses, so the absence of this information is concerning for me. Moreover, the broker does not provide a demo account, which means there is no straightforward way for traders like myself to test order execution or experience the practical impact of spreads and commissions before committing real funds. This, combined with the fact that their licenses for dealing in securities and futures have either been exceeded or revoked by the local regulator, further increases my caution. For me, regulatory oversight isn't just a formality—it's fundamental for ensuring that fee practices are fair and that client interests are protected. Given this context, I personally would be hesitant to trade with HUNGSING until there is transparent, verifiable information regarding all trading costs. In my view, fee opacity is a significant risk factor that should not be overlooked.

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