WikiFX

Reply

As a trader who closely examines all aspects of brokerage services, I find Nittan Capital Group’s handling of overnight financing fees, or swap charges, somewhat unclear. While their offering as an interbank market trading broker—dealing with foreign exchange transactions, money market activity, and derivatives—is noteworthy, their fee structure is not transparently disclosed. This lack of clear information concerning swap charges stands out for me and makes it challenging to perform a straightforward comparison with other brokers, many of which, especially more retail-oriented firms, publish their overnight financing costs with detailed tables or calculators. From my perspective, transparency in all potential trading costs is crucial for prudent risk management and strategy planning. It’s especially important when engaging in multi-day holds or when employing strategies sensitive to swap rates. With Nittan Capital Group being primarily regulated in South Korea and presenting a somewhat “suspicious scope of business” flag on their risk profile, I take a more careful approach. The potential for medium risk listed on their profile further adds to my hesitation. Ultimately, unless they provide clear, up-to-date information about their swap charges, I would be cautious about trading products that accrue significant overnight fees with this broker, especially when compared to competitors who disclose these rates openly.