Any hidden costs?

Beginner Questions
1

Hi guys,

Atm I have a demo standard account (not raw spread) with ICmarkets. I’ve been trading on my demo account for a few days and it all seems a bit to easy so I’m wondering if there’s any hidden catches I’m missing

What I’ve been doing is trading fairly quickly - buying/selling pairs within minutes or sometimes seconds to make small margins of a few quid - I made almost £200 in a few hours today and not one loss on a trade (out of around 50)

I find it hard to believe I could achieve this if I was trading for real as it seems easy so I was wondering it where hidden costs somewhere ? Do brokers charge per trade or anything ? Do I pay a monthly fee ? What costs are their to trading (baring in mine the standard account with IC markets I have). I’ve attached a few images of the some of the trades I did

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2

Commissions for both opening and closing.
Swap as usual, however on Wednesdays swaps are charged at triple rate
and Commission (per lot) in your case with standard acc it’s 0.

I might be missing something, but as long as I know (I’m trying this platform myself atm) that should be it.
Also, there might be a small like 0.05% or so exchange fee, not sure about this one, but other platforms have it.

3

hidden cost very stupid thing i have ever faced , it depends on your trading broker , choose the right one and stay away from that.

4

Wow is Sagpip the next Al Brooks ???

The ‘second coming’ - landed here on Babypips and he hasn’t even started yet !!! :clap:

5

if you choose a wrong trading platform then you realize what actually hidden fees, in order to me , its all about brokers cheating issue, nothing without it.