Brokerage company FIBO Group has announced a significant reduction in commissions for their MT5 NDD (No Dealing Desk) accounts, making trading more cost-effective for their clients.

The move is part of the company's ongoing efforts to improve trading conditions and provide more value to their clients. The new commission rates are now among the most competitive in the industry, allowing traders to maximize their profitability.

Effective July 1, 2024, FIBO Group has reduced commissions on MT5 NDD accounts to $30 per $1 million traded. This reduction is expected to attract more traders to the platform by reducing transaction costs, thereby increasing trading efficiency and profitability.

The reduction in commissions directly affects traders' profits, allowing them to retain a larger portion of their income. Reducing transaction costs can significantly improve the overall trading experience, especially for high-frequency traders and those who work with high volumes. This change emphasizes FIBO Group's commitment to providing a competitive trading environment.

MT5 NDD accounts offer a number of benefits including direct market access, narrow spreads and fast execution speeds. These features are particularly useful for traders who rely on fast and accurate order execution. The reduced commissions make the MT5 platform even more attractive to new and experienced traders alike.