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Thobani Dlalda
Within 1 year

Does SIBL charge a commission per lot on their ECN or raw spread accounts?

Broker Issues
SIBL
Fees and Spreads
05-09
United States
WikiFX
Reply

Based on my investigation of SIBL, I could not find any direct or transparent information regarding commission charges per lot for ECN or raw spread accounts. This is concerning for me as a trader, as transparency on trading costs is crucial when comparing brokers and developing a viable trading plan. From what I saw, SIBL has no valid regulatory status and is flagged as high risk, with a warning about its low score. This lack of clear regulatory oversight makes me especially cautious regarding any implicit costs or fee structures that might not be disclosed upfront. Personally, I've learned to be vigilant about trading with brokers with suspicious or unregulated status, precisely because important account details—like commission per lot—can be omitted or hard to verify. For me, the absence of clear commission disclosures, paired with SIBL’s risk profile, means I would be very hesitant to proceed, let alone deposit funds. I rely on brokers that put their fee structures front and center, both for my own peace of mind and as a best practice for responsible trading. In conclusion, given the available information, I have no evidence that SIBL openly publishes its commission-per-lot rates for ECN or raw accounts. This lack of clarity, combined with the regulatory concerns, is a significant red flag in my trading experience.

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