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Tricia54
Within 1 year

How do RHB's swap fees, or overnight financing charges, stack up against those offered by other brokers?

Broker Issues
RHB
Fees and Spreads
03-17
United States
WikiFX
Reply

In my experience as a forex trader evaluating brokers for overnight financing costs, I place a strong emphasis on transparency, clarity, and regulatory standing. With RHB, I noticed that while they provide several financing options—such as Share Margin Financing, Foreign Shares Financing, and Discretionary Financing—the exact details of their swap fees or standard overnight charges are not fully itemized in their public material. For foreign shares financing, there's a minimum rate of 4.55% per annum, but this appears tailored to equity trading rather than classic forex or CFD overnight swaps. When comparing RHB to other established brokers, especially those with clear regulatory oversight, I have consistently found that top-tier providers publish comprehensive swap rate tables or daily financing charges, which I can reference before committing positions overnight. This level of clarity is essential for managing long-term trading costs. RHB’s lack of specific disclosure on overnight swap rates, combined with the notable risk flagged by their revoked SFC license, leaves me uncertain about what to expect in terms of ongoing fees. Given the broker’s regulatory history and the ambiguity around day-to-day trading costs, I have not selected RHB for trades where overnight financing is a key consideration. For me, transparent and predictable swap fees—backed by strong regulation—are vital, and I always encourage fellow traders to scrutinize these details before opening an account.

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