WikiFX

Sagot

Drawing directly from my experience as a trader who values transparency and cost structure, NOMURA’s approach to swap fees (or overnight financing charges) reflects typical practices among large, regulated Japanese brokers but stands out in certain ways. At NOMURA, there aren’t explicit transaction fees on FX trades; instead, income is primarily derived from spreads—which, for major pairs like USD/JPY, currently sit at 2.8 pips. Swap charges at NOMURA fluctuate with market conditions and depend on the interest rate differentials between the currencies being traded. I appreciate that swap points can result in either a credit or a charge, which is standard across reputable brokers. However, compared to international competitors—many of whom offer tighter spreads and sometimes more favorable swap rates—NOMURA’s swaps can, in my observation, be somewhat less competitive, especially when factoring in their wider spreads. This is particularly evident for those who trade with higher leverage (up to 1:25 here, which is lower than at some global brokers), as the impact of overnight charges accumulates over time. For me, the key takeaway is that, while NOMURA is fully regulated and transparent under Japan’s FSA, with all the attendant investor protections, their swaps and associated costs, taken together with their spreads, are not the lowest on the market. This means that for active traders—especially those holding positions overnight—careful cost analysis and direct comparison with other brokers is essential before committing larger funds or employing multi-day strategies.