WikiFX

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From my experience as a forex trader, a broker’s swap fees—also known as overnight financing rates—can significantly impact long-term trading strategies or positions held overnight. However, when I reviewed FFA, I found a pronounced lack of transparency around their swap fees. In contrast to most established, regulated brokers, where detailed fee schedules (including swap rates) are readily available on their websites or trading platforms, FFA does not provide this information publicly. The absence of clear, accessible documentation regarding overnight rates makes it difficult—if not impossible—to accurately compare FFA’s swap fees against those from mainstream, regulated brokers like FXCM, AvaTrade, or IC Markets. For me, this lack of disclosure is a red flag. Most regulated brokers are required to maintain transparency in their pricing structures to promote trust and client protection. The fact that FFA operates without any regulatory oversight underscores my caution, as it removes certain obligations around client communication and fair dealing. In practical terms, if I cannot evaluate or even access information about swap fees in advance, I cannot reliably assess my trading costs or risk exposure. Until FFA provides credible, regular disclosures that meet industry norms, I do not feel comfortable comparing their swap fees or recommending them for overnight trading activity. For my own capital and peace of mind, I prefer brokers who operate transparently and are accountable to recognized regulatory entities.