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How do SHENGDA FUTURES' overnight financing charges stack up against those of other brokers?

Broker Issues
SHENGDA FUTURES
Fees and Spreads
06-04
United States
WikiFX
Reply

In my experience as a trader, evaluating a broker's overnight financing charges—often crucial for anyone who holds positions past session close—requires careful consideration of both fee transparency and comparability with industry peers. With SHENGDA FUTURES, I noted that the structure of commissions and fees appears variable, depending on the commodity traded and even the specific contract terms. The broker does not disclose explicit overnight financing charges on their public materials; instead, they advise traders to consult the official website for fee details. This lack of immediately available, clear information can make it challenging to directly benchmark their costs against international competitors. From a conservative risk management standpoint, I am always wary of fee schemes that aren’t fully transparent up front. In my experience, a reputable broker typically provides clear, consistent information about all trading costs, including any ‘rollover’ or overnight funding fees. While SHENGDA FUTURES is regulated by the China Financial Futures Exchange and has a record spanning nearly a decade, the absence of English-accessible, detailed charge breakdowns means I would need to conduct further due diligence before trading overnight. Because different branches may even charge different commissions, I cannot confidently compare SHENGDA FUTURES’ overnight costs to other well-known brokers offering similar futures instruments outside the Chinese market. For me, the uncertainty around actual overnight costs is a significant consideration, especially when compared to brokers who provide detailed fee schedules upfront. In summary, while SHENGDA FUTURES appears stable and regulated, a cautious trader should rigorously review and confirm all overnight costs before engaging in positions that might incur such charges. This approach helps minimize unpleasant surprises and ensures I retain proper control over my trading expenses.

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