WikiFX

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Having researched and evaluated NetDania as a potential broker, I found it difficult to make a reliable comparison regarding swap fees for overnight positions. In my experience, transparent disclosure of trading costs—especially swap or rollover rates—is essential for risk management, particularly for swing traders who regularly hold positions overnight. Unfortunately, NetDania does not offer clear, published information about their swap fees or even comprehensive details on their tradable instruments. This stands in stark contrast to most established brokers I have worked with, who provide dedicated resources for clients to review current swap rates and fee structures. The lack of regulatory oversight adds another layer of uncertainty for me; unregulated brokers aren’t required to adhere to best practices for cost transparency, leaving traders exposed to potentially unfavorable or unexpected overnight charges. When I assess a broker, both fee competitiveness and transparency weigh heavily in my decisions, since even small fee differences can erode profitability over time. Without adequate documentation from NetDania, I am unable to determine if their swap fees are competitive or fair relative to regulated, well-reviewed alternatives in the market. For my own trading, this level of opacity is a significant red flag, and I would exercise considerable caution before committing any capital—particularly for strategies that involve holding positions overnight.