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S jonas
Within 1 year

Does Daicha Iconic Markets Ltd charge a commission per lot on their ECN or raw spread accounts?

Broker Issues
Daicha Iconic Markets Ltd
Fees and Spreads
01-03
United States
WikiFX
Reply

In my professional experience as a forex trader, transparency around fees and commissions is non-negotiable, especially when evaluating brokers that claim to offer ECN or raw spread accounts. With Daicha Iconic Markets Ltd, I found an immediate concern: there is no explicit information regarding commissions on their ECN or raw spread accounts. Reliable ECN brokers typically disclose commission structures per lot, as tight spreads are usually coupled with a fixed fee per trade. Here, I could not verify such details anywhere in the information provided. This lack of transparency presents a significant risk factor for me. For any trader, but particularly for those managing significant volume, hidden or undocumented costs can materially affect strategy performance and bottom-line results. I also noticed that Daicha Iconic operates without valid regulatory oversight and has other red flags, such as user complaints of denied withdrawals and profit suppression. These concerns are compounded by the absence of detailed, verifiable commission data. Given all this, I remain highly cautious. Without full clarity on commission charges—and taking into account the broker's broader risk profile—personally, I would not feel comfortable trading with them until such information is both available and authenticated. Transparency is a minimum requirement for trustworthiness in this industry.

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