WikiFX

Reply

As someone who has spent considerable time evaluating forex brokers over the years, the first thing I look for before even comparing fee structures—including swap fees or overnight financing charges—is regulatory credibility and transparency. With fxonet, I find myself unable to conduct a meaningful comparison on swap fees simply because there’s a glaring lack of credible, verifiable information. The broker holds no valid regulatory license and has been flagged with warnings for suspicious business practices and an extremely low trust score. For me, a broker’s approach to swap fees is a window into their broader business practices. When reputable brokers hold legitimate regulatory oversight, swap fees tend to be transparent, published clearly, and fairly consistent with global standards. In contrast, with fxonet operating from a loosely regulated jurisdiction and providing no public oversight, I would be cautious—there’s a risk those fees might be unpredictable or non-competitive, if not outright disadvantageous. In my experience, without regulatory frameworks that require clarity, a trader is often left in the dark about the true cost of holding positions overnight. Therefore, I would advise anyone—myself included—to prioritize transparent and regulated brokers for evaluating swap fees or any cost structure. Ultimately, I cannot judge fxonet’s overnight charges against industry norms because the information simply isn’t reliably available, and that alone is a significant red flag for me.