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How do Tasman FX’s swap fees, or overnight financing charges, stack up against those of competing brokers?

Broker Issues
Tasman FX
Fees and Spreads
02-20
United States
WikiFX
Reply

From my experience as a trader, when comparing brokers, swap fees—or overnight financing charges—are a significant consideration, especially if you habitually hold positions overnight. In the case of Tasman FX, the available context does not provide transparent details on their specific swap rates. This lack of published information presents a challenge for traders such as myself, who value upfront cost structures to accurately factor in potential charges to longer-term trades. In general, reputable brokers operating under Australian regulation, as Tasman FX does, tend to offer transparent schedules or at least provide information on request. However, Tasman FX’s main focus appears to be on cross-border payments and FX spot/forward contracts, rather than leveraged CFD services or margin trading, where swap fees are usually a core concern. There is even mention of a lack of leverage products, setting them apart from conventional brokers who list swap rates clearly due to their importance in leveraged trading. Other brokers in the region, such as XM or AvaTrade, typically publish comprehensive tables or calculators for overnight charges, allowing traders to make informed decisions prior to entering the market. The absence of this transparency with Tasman FX means that, for me, I would proceed with caution. If overnight charges are a priority for my trading style, I would reach out directly to the broker for explicit figures before committing any capital. For those intent on frequent overnight trades, the more conventional brokers with established disclosure of swap fees might offer greater peace of mind and predictability. Ultimately, my trust hinges on clear cost structures, and I always advise others not to make assumptions where specifics are not published.

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