In Contracts for Difference (CFD) trading, "low spreads" are often regarded as the core selling point of the platform, but many users have found that there is a gap between the actual trading experience and the publicity: the spread clearly shows 0.8, but it slips to 2.5 when the transaction is completed; after holding the position overnight, the account is inexplicably reduced by a fee; the stop loss order is not triggered at a key position... These confusions often stem from the cognitive blind spots of "real transaction costs" and "execution mechanisms". WMax believes that true transparency is not about displaying ideal data, but about allowing users to see clearly the source and composition of each cost.

Spread is just the starting point, slippage is the key variable

Spread is the difference between the buying price and selling price, usually displayed in "points". However, the spread is divided into "quotation spread" and "actual transaction spread". The former is the theoretical value of the market liquidity pool at a certain moment, and the latter is the actual cost you pay. When the market fluctuates violently or liquidity is insufficient, orders may not be filled according to the quoted price, resulting in slippage.

WMax adopts the no-dealer model (NDD), and all orders are directly connected to global liquidity providers. After each transaction, the system automatically generates an Execution Report, clearly listing:

Requested price Actual transaction price Slippage value (positive or negative) Liquidity source identifier

Users can call up comparisons at any time in the history. This means that you can not only know "what the spread is", but also verify "how much I paid." At WMax, transparency is not a promise, it's a traceable record.

Overnight interest (Swap): Hidden costs cannot be ignored

Many users ignore the interest costs incurred by holding positions overnight, especially on Wednesdays. Due to weekend settlement rules, Swap fees are usually three times higher than on weekdays. If you hold long positions on high interest rate currency pairs (such as long USD/TRY) for a long time, the interest may erode most of the profits; conversely, short orders may obtain positive returns.

WMax provides Swap cost preview function before opening a position. Enter the trading type, direction and expected holding days, and the system will automatically estimate the overnight fee. All Swap rates are based on the Interbank Offered Rate (IBOR) plus platform profit sharing, which is open and transparent, with no hidden price increases. We encourage users to incorporate Swap into strategic considerations rather than being surprised by account changes afterwards.

Why does stop loss "fail"? Understanding market execution and liquidity gaps

Users often complain that "stop loss is set but does not take effect". In fact, most cases are not caused by platform intervention, but caused by the instantaneous depletion of liquidity under extreme market conditions. For example, at the moment the non-agricultural data was released, a huge gap appeared in the buying and selling order. After the stop-loss order was triggered in the form of a market order, the transaction could only be executed at the next available price, causing slippage to expand.

WMax does not provide additional paid functions such as "Guaranteed Stop", because its essence is that the platform bears risks and passes on costs. We choose to be more honest:

Negative balance protection is turned on by default to ensure that losses do not exceed the principal; the reasons for slippage are truthfully recorded in the execution report; Depth of Market is provided to allow users to observe the intensive areas of pending orders in advance and predict the strength of support/resistance.

True risk control is not about promising “perfect execution,” but about holding the bottom line amid uncertainty.

Why might your "low cost" be higher?

Taken together, the true transaction cost = spread + slippage + swap + potential liquidation loss. Although some platforms advertise "0 pips", they raise hidden costs through commissions, increased liquidity or internal betting; other platforms perform well in calm markets, but suffer significant slippages in key market conditions.

WMax insists on earning only from transparent spread profits and does not act as a counterparty or profit from user losses. Therefore, during periods of high volatility, our execution quality is more consistent - because the interests of the platform are consistent with the users: the smoother your transactions, the better our reputation.

We recommend that users regularly export their trading history and calculate the average comprehensive cost per transaction instead of just focusing on the "minimum spread" on the promotional page. Only when you can fully calculate the cost structure can you truly take the initiative in trading.

Conclusion: Transparency is the starting point of professional services

In the financial market with asymmetric information, WMax chooses to be the platform that "shows you the mechanism". We do not simplify complexity, but strive to illuminate it. Because for you, every transaction is about real money; for us, every execution is about long-term trust.

At WMax, fairness is not in the slogan, but in every order that you can check, calculate, and verify.