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As someone who trades both spot forex and other global markets, I’ve learned to pay close attention to swap fees—or overnight financing charges—when choosing a broker. With HSBC, however, this issue is unique. Based on my review of HSBC’s accessible information, I found that HSBC does not offer traditional forex trading or leveraged CFD products for individual retail clients, so classic swap fees as seen in most forex brokers simply do not apply. What stands out for me is that their investment suite is wide-ranging—covering shares, bonds, trusts, and structured products—but not spot forex, commodities, or indices. This means the overnight financing charges commonly encountered in forex trading—where positions held open overnight accrue costs or earn credits based on interest rate differentials—are not present here as they might be at a typical multi-asset broker. I’ve been cautious about fee structures because hidden or complex costs can erode returns. HSBC’s fee schedule leans more into traditional banking and investment account charges, as opposed to daily swaps or rollovers. For traders specifically seeking low or competitive swap rates for active forex positions, I would say HSBC’s offering is not directly comparable—because such trades simply aren’t available for retail. In my decision-making, understanding these distinctions is critical to avoid assumptions about costs. For pure forex swap fee competitiveness, I look elsewhere, but for diversified investment and regulated banking, HSBC’s platform appears robust and transparent.