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Nali5689
1-2 years

How do Core Financial Markets Ltd’s swap fees for overnight positions stack up against those charged by other brokers?

Broker Issues
Core Financial Markets Ltd
Fees and Spreads
07-20
United States
WikiFX
Reply

As an independent forex trader, I’ve come to prioritize both cost transparency and regulatory safeguards when choosing a broker—especially when it comes to swap fees for overnight positions. Unfortunately, with Core Financial Markets Ltd, I encountered some red flags that make direct comparison challenging and raise concern over the true cost of trading with them. Based on my research, Core Financial Markets Ltd lacks any valid regulatory status, and its operations are flagged as high risk with a suspicious regulatory license. What this means in practice is that there’s no clear oversight concerning their fee structure, including swap charges. For me, that absence of transparency is a significant issue. With established, well-regulated brokers, I can reliably review published swap rates, compare them to market standards, and judge if fees are fair or excessive. With Core Financial Markets Ltd, that information is not readily available or independently verified. When I contrast this with experiences at top-tier, regulated brokers, the difference is striking; those firms offer clearly posted, frequently updated swap rates and are subject to ongoing verification from regulatory authorities. For someone in my position, this not only makes costs predictable but ensures a level of accountability. The inability to access or verify Core Financial Markets’ swap rates leaves too many unknowns. Ultimately, I am unable to confidently compare their swap fees against others or judge them as competitive or fair—this, for me, is a dealbreaker given the risk and my priorities as a trader.

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