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Bhavani Durga K
Within 1 year

How do RBC's swap fees (overnight financing costs) stack up against those charged by other brokers?

Broker Issues
RBC
Fees and Spreads
01-26
United States
WikiFX
Reply

As an experienced trader, I’ve often weighed the significance of swap fees—those overnight financing costs that can quietly erode profits, especially for longer-term positions. With RBC Direct Investing, I immediately noticed that while the platform is thorough in providing regulatory transparency and detailed on standard commissions and spreads, it was conspicuously opaque about specific swap fee rates. This lack of explicit information doesn't just make direct comparison tricky; it raises caution when considering RBC for strategies that require regular overnight holding. In my practice, transparent and predictable swap rates help me assess whether a platform fits my trading style, especially for positions held beyond a single session. Many brokers—especially those catering specifically to forex and CFD traders—will publish comprehensive swap tables, making it easy to benchmark. RBC, being primarily an investment platform for equities, options, and fixed income products, doesn’t tailor its disclosures to active forex traders in the same way. Given this, I have to assume that, compared to dedicated forex brokers with aggressive, clearly listed swap rates, RBC’s overnight costs might not be as competitive or straightforward. For me, this is an important consideration. Not having easy access to swap fee details means I’d proceed with caution if I were planning to employ strategies dependent on rollover rates, and I would recommend contacting their support directly for clarification before committing significant capital to overnight trades. In summary, while RBC excels in regulation and core commissions, its approach to swap fee transparency falls short compared to specialized forex brokers, which may affect its suitability for certain trading styles.

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