One of the downsides of forex is the high fees and commissions charged by brokers. XGo, on the other hand, offers daily interest on my assets with zero fees.
Many brokers do charge high fees and commissions which is the reason why forex traders most time will not want to end there trades because of the commission they will pay including the fee if they end the trade at early stage. They would want to trade more or wait for the market so that they can get a preferred level when the market will go bullish and appreciat more and at the end they might incurred loses which might have been avoided if they left the trade at an early stage. We all trade for profits and I don't always know when loses will appear.
Not that all because there are brokers who do charge less fees like XM and ICmarkets but i do agree into the point that when it comes to commissions or fees then i do see that crypto market does have lesser.
When it comes to regulation or being that centralized then we know on how Forex is really that tough and strict when it comes to compliance or whatsoever but the main reason on why some of Forex
traders did really choose up crypto over forex is about on the money that they could possibly make out which we arent that blind that volatility is really mainly the difference
among the two.The more volatility of an asset is much more profitable but of course when it comes to risks then it would be an another story.