Trading is largely about strategy, edge, percent points but it's also about clarity. And in terms of clarity, IM Markets seemed more like a foggy morning in London, lack of explicit commission values.
You buy a significant lot size, 10 lots of EUR/USD, thinking you've calculated all the costs with the minimal and vague information on commissions provided by IM Markets.
Your trade goes just as planned and you're predicting a substantial profit. You close the trade, feeling like a victorious warrior as you wait for the profits to reflect in your account. And then, bam! Out of nowhere, a significant chunk of your profit gets snipped off as commission.
Trading is largely about strategy, edge, percent points but it's also about clarity. And in terms of clarity, IM Markets seemed more like a foggy morning in London, lack of explicit commission values. You buy a significant lot size, 10 lots of EUR/USD, thinking you've calculated all the costs with the minimal and vague information on commissions provided by IM Markets. Your trade goes just as planned and you're predicting a substantial profit. You close the trade, feeling like a victorious warrior as you wait for the profits to reflect in your account. And then, bam! Out of nowhere, a significant chunk of your profit gets snipped off as commission.
Reply
I want to comment
Most Comments of the Week
Dbinvesting
JKV
Giraffe Markets
BESTONFX
FxPro
MaxiFy
Maono Global Markets
Vantage
Tickmill
Eightcap