Overnight charges

[andyintenerife2020]

Which broker has the cheapest overnight charges for currency and index trading?
I'm not using futures because the spreads are huge on IG and the timeframes aren't great.
I'm currently being charged £1000 a week for usd/jpy overnight costs.

 

[Rufus_Leakey]

These might help

4 Best Low Swap Fees Forex Brokers for 2024 | FXEmpire

Explore our selection of top forex brokers with low swap fees, meticulously evaluated by seasoned financial experts for compliance with regulations, competitive fees, versatile trading platforms, and more.

www.fxempire.com

Which forex broker has lowest swap fees? | Forex Academy

Forex Brokers Swaps Comparison | Myfxbook

Compare and review forex broker swaps. Find the highest and lowest swap paying forex brokers.

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Compare Forex Broker Swaps | Forex Rollover Rates

Compare Forex Broker Swaps - compare real time swap rates for forex brokers across numerous currency pairs to find the best forex swap rates.

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Lowest Swap Forex Brokers For Major Pairs

If you are interested in being a long-term trader, take note that you need to pay an overnight interest charged by a broker or a swap. In this list, we will help you find the lowest swap forex brokers for Major Pairs, as these currency pairs are very favorable for traders.

www.brokerxplorer.com

 

[ClaireAnderson]

Probably my broker is not on these lists because it's not regulated. However, my broker offers swap-free accounts and there are no swap fees at all. The name is FxGlory, if you want to take a look.

 

[andyintenerife2020]

I won't use an unregulated broker, I have too much in my account to risk that

 

[ClaireAnderson]

I won't use an unregulated broker, I have too much in my account to risk that

That makes sense because no one wants to risk their hard-earned money. I also started with a small account with them.

 

[ThaddeusFinch]

Which broker has the cheapest overnight charges for currency and index trading?
I'm not using futures because the spreads are huge on IG and the timeframes aren't great.
I'm currently being charged £1000 a week for usd/jpy overnight costs.

Why not choose a broker without overnight fees? It can lower your costs. There are plenty available.

 

[FranziskaSchulz]

Simply use one that is swap-free; mine is fxglory and has worked well as of now.

 

[Oliviathejackson]

I have been working with Capitalcore recently. They are regulated, and no overnight fees.

 

[The Cube]

I have been working with Capitalcore recently. They are regulated, and no overnight fees.

Are you sure they are regulated? I think you need to exercise extreme cation with this broker.

 

[Benjaminbullish82]

That's quite a price you're paying, capitalcore charges no commissions, and is swap-free for that matter.

 

[The Cube]

CapitalCore is not a good broker. I would not suggest being lured in by the low costs

 

[Oliviathejackson]

Are you sure they are regulated? I think you need to exercise extreme cation with this broker.

I have not run into any problems with them, everything has been smooth. But if you know something I don't, please do share.

 

[The Cube]

I guess I'm really cautious when looking at brokers, but if it's working for you with no problems, great.

This is what concerns me:

They claim to be regulated by IFSA but I am convinced they are a non existent, scam regulator.

They have 'badges' on their home page, stating their regulation, and claiming other awards, but these mean nothing.

Operationally, they don't allow news trading, and they also consider trades closed within 8 minutes of opening to be scalping(!) and will not guarantee to pay you on these trades.

 

[Lightning McQueen]

According to their FINANCIAL SERVICES AUTHORITY there is no such thing as a regulated broker in St. Vincent and the Grenadines.

It doesn't get much clearer.

Please be advised that forex trading brokerage activities are not licensed in St. Vincent and the Grenadines. While registered St. Vincent and the Grenadines Business Companies (BCs) or Limited Liability Companies (LLCs) are able to engage in any legal activity, if they engage in forex trading and brokerage, they are doing so without a licence from this jurisdiction.

No further promoting of a St. Vincent and the Grenadines broker please.

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