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Mirrox Commissions and Fees Overview

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Mirrox isn't available in US
Mirrox REVIEW

We, at Traders Union, conducted a thorough analysis of Mirrox's fees, resulting in a score We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria of 2 /10. This corresponds to a High level. Here are some of the most relevant indicators of Mirrox’s fee structure:

Mirrox fees overview:

Standard account EUR/USD spread, min pips 4.1
Standard account EUR/USD spread, max pips 4.8
Withdrawal fee, % 3.5
Inactivity fee ($, per month) 100-500

Mirrox Forex spreads and commissions

To assess the cost-effectiveness of Mirrox, we analyzed its spreads across the most popular account types. These were compared with the top two competitors that have high overall ratings and accept clients in your region.

Mirrox Standard account spread

Standard accounts at Mirrox offer floating spreads with a broker markup. They typically have higher spreads than ECN or RAW accounts but do not charge additional commissions per lot, ensuring a straightforward cost structure.

Mirrox Trading.com USA Plus500
Floating spread EUR/USD, min pips The cost of 1 pip in USD for EUR/USD is $10. 4.1 0.9 0.5
Floating spread EUR/USD, max pips 4.8 0.9
Floating spread GBP/USD, min pips 4.7 0.5
Floating spread GBP/USD, max pips 4.8 0.9

Looking for tight market spreads without broker markup?

After reviewing data from over 200 brokers, we found that ECN accounts typically cost around $5.10 per lot on EUR/USD (including both spread and commission), while Standard accounts average 0.8 pips, which equals approximately $8 per lot.

Since Mirrox doesn’t offer ECN accounts, we compared three brokers that do, to help you evaluate lower-cost alternatives for EUR/USD trading.

OANDA FOREX.com Venom by Cobra Trading Industry
average Based on the evaluation of over 200 forex brokers
ECN
Commission
per lot, $
3.5 5 1.5 3,5
ECN Spread EUR/USD 0.15 0.2 0.1 0,17 pips
ECN Spread GBP/USD 0.2 0.4 0.1 0,21 pips

What is Mirrox’s average EUR/USD spread?

The average spread on Mirrox can fluctuate depending on overall market volatility. For EUR/USD, the typical spread is around 4.5 pips under normal trading conditions, but it may widen during periods of high volatility.

Mirrox non-trading fees

We conducted an analysis of Mirrox’s non-trading fees to provide a detailed overview of the additional costs that may affect traders outside their regular trading activities.

Mirrox Non-Trading Fees

Mirrox Trading.com USA Plus500
Deposit fee, % The indicated amount excludes potential fees charged by payment systems and banks.
No
No
No
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 3.5
No
No
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 30
No
No
Inactivity fee ($, per month) 100-500 10 10

What is the cost of executing one Forex lot with Mirrox?

The cost of executing 1 standard lot (100,000 units) with Mirrox depends on market volatility, which can fluctuate significantly throughout the day. Since there are no additional commissions, all trading costs are included in the spread. We calculated the approximate execution cost for 1 lot during peak market hours for clarity.

Spread cost in USD Commission ($ per lot) Total cost in USD
Standard account 44.5 0 44.5

Understanding Forex trading costs

When evaluating a Forex broker, it is essential to consider several factors that can directly impact the overall cost of executing trades, beyond just the average spread. Here are some key considerations:

Liquidity and daily turnover

Higher liquidity and larger daily turnover generally lead to tighter spreads and reduced slippage.

Top 3 Forex brokers by trading turnover

Broker Daily turnover ($, billion)
IUX Markets 37
IC Markets 29
DB Investing 24

Order Execution Speed

Faster order execution can reduce slippage, helping to ensure that trades are completed at the expected prices. Execution speed is typically highest on ECN accounts.

Mirrox does not offer ECN or Raw Spread trading accounts. For traders looking for true ECN execution, OANDA and FOREX.com are solid alternatives, known for providing direct market access and low trading costs.

Free VPS

A free VPS provides a stable, high-speed connection, which can reduce latency and slippage, especially for automated trading systems and high-frequency trading. This helps ensure consistent performance and potentially lower execution costs.

Mirrox does not offer free VPS services. For traders seeking this feature, OANDA and FOREX.com are suitable alternatives, known for providing free VPS access to active traders and those with high trading volumes.

Mirrox extra services for active traders vs competitors

The table below compares the extra services offered by Mirrox for active traders with those of its competitors. These features can enhance trading efficiency and strategy implementation. The comparison showcases how Mirrox stands out in meeting the needs of active traders through its advanced tools, such as API and TradingView integration, and convenient options like one-click trading and support for scalping.

Mirrox services for active traders

Mirrox Trading.com USA Plus500
API
No
No
No
Signals (alerts)
Yes
Yes
Yes
TradingView integration
No
Yes
Yes
Trading bots (EAs)
Yes
Yes
No
Scalping
Yes
Yes
No
One click trading
Yes
Yes
No

Minimizing trading costs: Expert tips

Choosing the right Forex broker is crucial for minimizing costs and boosting profitability. Below are expert insights from our recent fee analysis to help you make informed choices and maximize your trading returns.

Head of Company Reviews and Ratings

Some brokers may advertise tight spreads for high-volume pairs to attract traders but compensate with wider spreads on less commonly traded currencies.

For example, Mirrox's USD/JPY spread could be low. But what about more exotic pairs like USD/TRY (Turkish Lira) or USD/ZAR (South African Rand)? Those spreads could end up much wider.

Traders who trade a variety of currencies, not just major pairs, should be aware of these potential hidden costs. To fully understand Mirrox's fees, compare spreads across various currency pairs, including both major and minor pairs.

By conducting thorough research, you can determine if Mirrox's pricing aligns with your trading strategy. Don't assume that attractive offers on popular pairs extend to all currency combinations.

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