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Arnold Joseph
Within 1 year

How do Mahfaza's swap fees (overnight financing charges) stack up against those of other brokers?

Broker Issues
Mahfaza
Fees and Spreads
07-16
United States
WikiFX
Reply

As someone who evaluates brokers with great care, especially regarding ongoing trading costs, I was hoping to find comprehensive information about Mahfaza’s swap fees. However, during my review, I found that Mahfaza does not provide clear, accessible data on its overnight financing charges. This is concerning for me because swap fees can have a significant impact when holding leveraged positions overnight, particularly for strategies involving medium or long-term trades. In contrast, many regulated brokers are transparent about their swap rates and make this information easy to access on their platforms. I’ve found it much more reassuring to trade with brokers who clearly list these fees, as it allows me to accurately calculate my potential costs and make informed decisions. With Mahfaza, the lack of detailed information about swap fees—combined with the broker’s unregulated status and other missing details like leverage—introduces additional uncertainty for me. In my own experience, minimizing unknown costs is crucial for long-term trading sustainability. Since Mahfaza’s swap charges are not openly detailed, it makes direct comparison to other brokers impossible without opening an account and proceeding in the dark—something I’m personally reluctant to do. This lack of transparency is a red flag, in my opinion, and it’s a primary reason I would exercise caution before considering Mahfaza for any significant trading activity.

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