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Crypto: Up to Trade Sizes Trade sizes start from 0. We do not know what the trade increments are or what the maximum trade size is, it is also not clear to us how many trades or orders you can have open at any one time. Trading Costs There is no extra commission when trading as the account uses a spread based system that we will look at later in this review. There are, however, swap charges when you hold a trade overnight this interest charge is added to the account, it can be both positive or negative and can be viewed within the trading platform that you are using.
There is mention of a VIP account having spreads as low as 0 pips but no further information. The spreads available are variable which means they are influenced by the markets, the more volatility the higher the spreads will be. Furthermore, any complaints about the company can be addressed to the Financial Ombudsman Service in the UK. Traders enjoy up to leverage and tight spreads across the financial instruments available.
We saw that GWFX Global, takes Corporate Social Responsibility seriously and actively supports charities and volunteer groups working in the community. Users of the Demo account experience a simulated trading environment on a dedicated demo platform with , USD of virtual funds. A free operating manual is provided along with real time quotes, just as those enjoyed by users of the real-time trading platform. The object of a Demo account is to become confident and familiar with trading in financial instruments before investing real funds at GWFX Global.
Both accounts provide access to 31 analysis tools and 30 financial indicators on the trading platform. Most online brokers allow trading in Micro-lots which is 0.