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As an experienced trader, transparency around costs like swap fees or overnight financing charges is essential for me when choosing a broker. With Utsumiya, my primary concern is the significant lack of published information on critical trading conditions, including swap fees. Unlike many other reputable brokers, Utsumiya does not provide clear details about its swap rates, spreads, or even basic account features. This absence of disclosure stands in stark contrast to other brokers I have used, where swap fees are clearly listed and can be compared easily. Adding to my caution, Utsumiya’s regulatory standing raises further red flags. The firm’s retail forex license from Japan’s Financial Services Agency has been revoked, meaning it is currently unregulated. For me, this elevates the risk profile and makes any cost assessment—including overnight financing—virtually impossible. In my experience, reputable brokers with robust regulation generally ensure transparent communication regarding all client fees, which is vital for sound risk management. Because the key facts about swap fees are simply not made available, I cannot make a fair, evidence-based comparison with other brokers. For responsible trading, I personally require full clarity on such costs and strong regulatory assurances—neither of which Utsumiya currently offers. Therefore, I would proceed with extreme caution and prioritize brokers that meet both transparency and regulatory standards.