Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Shoofar
Within 1 year

How do BLUEMOUNT's swap fees (overnight financing costs) stack up against those charged by other brokers?

Broker Issues
BLUEMOUNT
Fees and Spreads
01-04
United States
WikiFX
Reply

As an experienced trader, I approach every broker by carefully examining their fees, transparency, and whether they clearly disclose all trading costs. In the case of BLUEMOUNT, I've found that while their fee structure for commissions and transaction-related fees is relatively transparent—explicitly detailing their commission at 0.25% with a minimum of HK$100—there’s a lack of readily available information about swap fees or overnight financing costs. This stands out to me, as overnight fees are a significant component for anyone who holds positions past market close. It's important to note that BLUEMOUNT offers access only to shares and securities; there’s no provision for forex or other leveraged instrument trading, where swap rates are typically most relevant. For equity positions, overnight financing can still apply especially with margin trading, but I wasn't able to locate detailed specifics regarding those charges on their site or in the summary provided. The absence of this information means I cannot directly compare BLUEMOUNT’s overnight fees with those of other brokers who usually publish this data more transparently. For me, transparency around all trading costs, especially hidden or ongoing charges like swap fees, is critical. When a broker omits such crucial details, I become more cautious, particularly given that BLUEMOUNT currently operates with an "exceeded" license, meaning their activities aren’t under active regulatory oversight. In summary, without clear disclosure, I’m not able to confidently compare BLUEMOUNT’s swap fees to industry peers and advise any trader to thoroughly inquire directly before opening or maintaining positions overnight.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com