Hidden Trading Fees That Eat Your Profits
Hidden fees can take a large bite out of your profits, especially if you trade often or deal with small margins. Scrutinize your broker's fee structure because many costs are not obvious. Common fees include foreign exchange fees on international assets, the bid-ask spread, and payment for order flow where brokers sell your orders to market makers for less favorable execution prices. Even small percentage fees add up fast. A 0.1% fee on both ends of a trade takes 20 percent of a 1 percent profit, and commission-free brokers often make up the cost elsewhere with wider spreads.
Kast Card Review: Pros, Cons, and User Experiences
The Kast card is a prepaid crypto debit card that lets you spend stablecoins like USDT and USDC in USD, with instant digital issuance and support for Apple Pay and Google Pay. Users report good cashback rewards, with some getting 3% back on USD purchases that can be converted into tokens, making it convenient for expats needing a USD multi-currency account. Drawbacks include frozen funds without clear explanation, a 2% foreign exchange fee on non-USD transactions, and a lack of FDIC deposit insurance.