Global Broker Regulation Inquiry App
WikiFX
Rpy Sundram 
1-2 years
How much does UTrada charge in commissions?
Broker Issues
Fees and Spreads
07-07
United States
WikiFX
Reply
UTrada charges commissions only on the Ultra account type. The commission is USD 7 per lot, which is a reasonable rate considering the tight spreads of 0.0 pips offered on this account. However, for the Premium and Standard accounts, there are no commissions, but the spreads are wider. For traders who are looking for tight spreads and are willing to pay a commission, the Ultra account is ideal. However, for those who prefer not to pay commissions, the Premium and Standard accounts might be a better fit, even with the higher spreads. As a trader, I always weigh the pros and cons of spreads versus commissions, and UTrada provides flexibility depending on my trading preferences.
Similar Questions
Are there any inactivity fees charged by OMEGA, and if they do apply, under what circumstances are they imposed?
Tomas
07-12
Can you tell me what the typical spread is for the EUR/USD pair when trading on a standard account with H.H. Misbah Securities?
Rustam R
08-12
Can I know the details about Trading 212 fees?
Wahab
06-16
2. Does Exness broker charge account creation fees?
Xxpro
02-23
Does Tapbit offer fixed or variable spreads, and how do their spreads typically behave during periods of heightened market volatility or major news releases?
ritzyshona
07-10