WikiFX

Sagot

As an experienced trader, I rely on transparent information about all trading costs, especially swap fees for overnight positions, since these can significantly impact profitability over time. For Fortune, however, I noticed a lack of any explicit details or published rates regarding swap or rollover fees on overnight positions. In my experience, this absence of information is unusual and concerning, as most reputable brokers, especially those under regulatory oversight, make such fees clear to clients in advance. The inability to compare Fortune’s swap fees directly with other brokers is a disadvantage for me, given that I typically make side-by-side assessments of overnight costs before deciding where to trade. Competitors I've worked with, particularly those regulated in established jurisdictions, usually provide detailed fee schedules. This transparency not only instills confidence but also helps me adequately estimate my trading expenses. Moreover, since Fortune operates without valid regulation, I am even more cautious. Regulatory oversight generally enforces fair and appropriate fee structures, whereas unregulated brokers like Fortune may have less predictable or potentially disadvantageous costs. For me, the absence of swap fee disclosures and regulatory backing means Fortune does not meet my minimum requirements for cost clarity and trustworthiness. Until these fees are explicitly outlined and some regulatory assurances are in place, I am hesitant to consider Fortune for any trading that involves holding positions overnight.