WikiFX

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As a forex trader who values transparency and risk management, I scrutinize every broker for details on costs such as swap fees and overnight financing. With M&G, my due diligence was met with some concerns. According to what I learned, M&G charges fees annually, calculated and taken daily based on the value of your investment, yet there is no specific mention of swap fees or overnight financing terms. In my experience, reputable brokers offering forex trading routinely detail their overnight financing or swap fee structure so traders can calculate the cost of holding positions overnight—a key element in risk management and strategy, especially for swing traders or carry trades. The relative lack of clarity around M&G’s swap fees puts them at a disadvantage compared to brokers who publish their financing rates transparently. This ambiguity increases my caution, particularly given the other reported issues—such as delayed or denied withdrawals and a license status flagged as "exceeded," which collectively point to elevated risk. Since swap fees can significantly erode or enhance trade profitability, the absence of this information makes it difficult for me to fully compare M&G to the competition. Personally, before entrusting any funds or opening positions, I would insist on a broker’s clear and accessible disclosure of all costs, including overnight charges. For me, the vagueness around M&G’s swap fees is a warning sign that cannot be overlooked.