WikiFX

Sagot

In my experience as a forex trader, swap fees—also known as overnight financing rates—can have a significant impact on strategy and profitability, especially for positions held overnight. With Eddid, I could not locate any transparent or verifiable information about their swap fees. This is a fundamental concern for me, given that most reputable brokers provide clear schedules or calculators to let traders compare costs across pairs and account types. The fact that Eddid operates without regulation and holds a suspicious regulatory status further complicates this. I generally expect regulated brokers to disclose all trading costs, including swaps, and to adhere to industry norms. The absence of this information means I have no reliable way to compare Eddid’s swap charges to those of well-known, regulated brokers. In my previous trading with licensed firms, swap fees were always accessible in advance, helping me anticipate overnight costs and plan my trades accordingly. With Eddid, the uncertainty over swap rates adds unnecessary risk. Given this opacity and the broker’s unregulated standing, I would be extremely cautious. Without clear, published swap fees and regulatory oversight, I find it difficult—if not impossible—to recommend Eddid for any trading style reliant on overnight positions. For me, transparency in such costs is non-negotiable, and I recommend traders seek brokers who offer clear, regulated fee disclosures.