WikiFX

Sagot

As an experienced trader who values transparent fee structures, I’ve looked closely at I-Access and found significant gaps in information regarding overnight financing charges, also known as swap fees. With many reputable brokers, swap rates or overnight fees are clearly outlined either in the fee schedule or within the trading platform. This transparency is essential for managing holding costs and making informed trading decisions. With I-Access, the available details focus primarily on commission fees for securities, futures, and options trading; there is no explicit mention of overnight financing costs. In my experience, when a broker provides little or no public information about such common costs, it presents a potential risk. A lack of transparency could mean hidden or unpredictable charges, which is something I always advise traders to treat with caution. Additionally, I-Access currently operates without valid regulatory oversight, and its operating license in Hong Kong has reportedly been revoked. This further compounds my concerns about cost disclosure and reliability. Comparatively, most regulated brokers provide thorough fee disclosures, including swap rates, so I-Access falls short on that front. For me, reliable cost information and regulation are non-negotiable aspects when choosing a broker, especially for positions held overnight. Therefore, until I-Access improves its transparency and regulatory standing, I would be very reluctant to engage with them, particularly for any strategies involving overnight holdings.