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seejay
Within 1 year

Could you break down what the total trading costs are for indices such as the US100 when using Mad Gain?

Broker Issues
Mad Gain
Fees and Spreads
03-16
United States
WikiFX
Reply

As an experienced forex trader assessing Mad Gain, I have to say that gauging the full trading costs for indices like the US100 through this broker is challenging due to a notable lack of detailed fee transparency in the available information. While Mad Gain is registered in the United States, holds a FinCEN registration, and has reportedly been operating for one to two years, specific data about spreads, commissions, swap rates, and other potential charges for trading indices is absent from their public disclosures. This makes it difficult for me to accurately estimate or rely on their fee structure compared to brokers who provide breakdowns of typical spreads and commissions upfront. In my personal risk management practice, unclear cost structures are a cause for concern, as hidden or unpredictable fees can severely impact overall profitability, especially when trading high-volume or volatile indices like the US100. I have learned that informed cost analysis is a core part of my strategy selection. Therefore, unless Mad Gain updates their disclosures and provides direct, detailed fee schedules for indices trading, I would recommend a very cautious approach. My own decision-making always favors platforms where all trading costs are clear before engaging in any real-money transactions. For me, transparency is not just preferable—it's essential for responsible trading.

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