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Drawing on my years as an active trader and based on the available information, I couldn't find a detailed, transparent outline of MFG’s specific swap fees or overnight financing rates—only that their overall fee structure is described as complex and potentially challenging to parse. In my experience, this lack of clarity is a notable drawback because understanding your ongoing costs is vital for any serious trader, especially those holding leveraged positions overnight that can accrue substantial financing charges over time. Other established brokers often provide clear, easily accessible breakdowns of overnight financing costs, sometimes allowing native currency calculators or FAQs that spell out the methodology. This fosters trust, helps with strategy planning, and allows for effective fee comparisons across brokers. Unfortunately, with MFG, I personally felt limited by the absence of that level of transparency and the need to dig through multiple documents or contact support for specifics. If you trade strategies sensitive to swap rates, this opacity raises caution for me. I’d advise anyone considering MFG to reach out directly for exhaustive fee details before funding an account and to compare those rates to industry standards. Given that MFG is regulated by the SFC, which is a comfort, I still believe it's best to have a crystal-clear understanding of all costs involved before engaging in active trading.