WikiFX

Sagot

As someone who's actively traded with numerous brokers over the years, I prioritize transparency and regulatory clarity when I assess trading costs like swap fees. With CDX, I immediately noticed some concerning aspects: according to recent information, CDX operates out of Cambodia and holds no valid regulatory license. The WikiFX audit highlights a "Suspicious Regulatory License" and assigns a very low overall score, urging caution. In my experience, a lack of proper regulation can be a significant red flag—this not only affects trust, but it also means there’s less disclosure and external oversight regarding fee structures, including swaps. Unfortunately, I could not find reliable, publicly available details about CDX’s exact swap fee rates, which for me is a serious drawback. By contrast, established, well-regulated brokers in markets like Australia or the UK are generally upfront about their overnight financing costs, allowing me as a trader to compare and plan positions more effectively—this helps manage risk accurately. With CDX, the lack of transparency and regulation means I can’t confidently assess whether their swap charges are competitive, fair, or even consistently applied. Because of these uncertainties, I personally wouldn’t risk trading with CDX, especially when so many other brokers disclose their swap fees openly and are held to international standards. For me, that kind of oversight and clarity is essential when evaluating all trading costs—not only to safeguard my capital, but also for long-term trading consistency.