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Based on my experience as a trader, I always prioritize transparency and regulation when it comes to evaluating brokers, especially regarding key costs like swap fees or overnight financing charges. With Pi Securities, I face a significant hurdle: there is no publicly available or clearly disclosed information on their swap fees, nor do they explicitly offer forex or commodity products where overnight financing would typically apply. Their main focus appears to be equities, derivatives, mutual funds, and bonds, with no support for standard forex pairs or commodity CFDs that usually incur swap charges. For me, this lack of clarity is a red flag. In contrast, many reputable and regulated brokers in the industry provide a transparent schedule of swap rates—either directly in their trading platforms or on their websites—so I can assess my potential costs ahead of time. Pi Securities does not publish such details, and combined with their unregulated status, this makes it impossible for me to meaningfully compare their overnight costs against industry norms. This uncertainty around costs, especially for someone concerned with the total cost of trading, would personally make me very cautious about considering this broker for any products that might involve overnight financing. In my judgment, other brokers with full regulatory oversight and transparent fee disclosures provide a safer and more reliable trading environment.