WikiFX

Reply

As an experienced forex trader, my primary concern in evaluating any broker is overall trustworthiness—particularly where there is an absence of clear, regulated oversight. When it comes to Everforex, I find it difficult to meaningfully assess the competitiveness of their overnight financing (swap) charges, because their website and available sources simply do not provide transparent information about these fees. This stands in stark contrast to most reputable, regulated brokers, who not only publish their swap rates but also update them regularly in line with market conditions. In my experience, the lack of openness around critical cost structures like overnight financing is a red flag, as it prevents proper comparison and risk calculation. With established, regulated brokers, I can typically review the exact overnight rates for each currency pair and incorporate them into my trading models. For me, this transparency is essential, especially for strategies involving longer holding periods. Conversely, the inability to verify Everforex’s swap charges—and the gaps in details about other fee-related policies—leaves me uncomfortable and cautious. In summary, until Everforex improves its regulatory status and fee disclosures, I am hesitant to consider it on par with regulated market participants in terms of transparent overnight financing costs.