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Having traded with numerous brokers over the years, I approach firms like KKJSEC with extra caution, especially given the lack of any regulatory oversight and the “high potential risk” warning currently flagged. In conducting my due diligence, I found that KKJSEC does not publish transparent details regarding its overnight financing charges (swap fees), either on its website or in publicly accessible documentation. This absence of clear, standardized swap fee information makes it impossible for me to directly compare their costs to those at more established, regulated brokers. From my experience, reputable brokers—particularly those regulated by authorities in Australia or the UK—will explicitly list swap rates or provide calculators because these costs have a noticeable impact on trading profitability, especially for traders holding positions overnight. The fact that KKJSEC neither discloses these fees nor offers even a demo account for trial further frustrates any effort to test or estimate the real cost of trading with them. When a broker is unwilling to provide such fundamental operating details, I interpret it as a potential red flag. For me, transparency around swap fees is critical, as unexpected or opaque charges can quickly erode returns. Until KKJSEC can demonstrate greater transparency regarding its overnight financing structures—ideally under reputable regulatory supervision—I would remain very cautious and not make cost assumptions in their favor.