There are many kind of fees involved when using the service of iForex.
There is no hidden extra commissions charged by iForex.
There is only the spread you need to pay.
The spread is fixed in iForex FXnet trader, so if you want to find out the spread you can find them in the contract specifications in iForex official website.
Spread could get widen up
Although there is no commissions for trading and the spreads are fixed, iForex may widen the spread if the market volatility is high.
So especially when an important news is released, there may be extreme volatility in the market and iForex will need to widen the spread in order to avoid certain risks.
There is no certain time set for the increased spread, so normally you can consider that the spread is fixed at all time.
Account maintenance fees
As long as you keep trading, there shouldn’t fees charged for having a real/live account with iForex.
But if you have not traded in the account for 12 consecutive months, iForex may charge you 15 USD every month.
If there is not account balance in the account, there is no charges occur in this case.
To avoid the 15 USD maintenance fees, you only need to trade once within 12 months.
Swap points (over night charge)
If you are a Muslim, you have an option to use the swap-free account by iForex but if not, you will need to pay for Swap charges when holding positions over night.
Swap charges are different for each symbol and it varies periodically.
If you don’t hold a position opened over night(Server time 00:00), there is not swap charged on the positions.
There are certain rules and conditions for deposit and withdrawals to iForex.
There are also fees charged for making a transfer.
The fees maybe small amount, but you may want to plan from deposit to withdrawals to avoid any troubles in the future.
Negative Balance Protection
In terms of profit/loss, there won’t be extra losses in your account as iForex applies NBP(Negative Balance Protection) to all real/live accounts of iForex.
So you will not lose money more than you deposit, and the exceeded losses(losses more than you deposit) will be covered by iForex immediately when it occurs.
By trading with iForex, you can leverage your profit to 400 times more, and limit the losses to the deposit amount.
There is no concept of additional margin(re-margin) or debt in real/live accounts with iForex.