WikiFX

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Having examined Shikoku as an experienced forex trader, I found that the details regarding their overnight financing charges—otherwise known as swap fees—are not clearly disclosed on their platform or in public resources. This lack of transparency stood out to me, especially since, with many brokers, these fees can significantly affect longer-term positions. In my years of trading, understanding exactly what swap fees will be charged has always been critical for risk management and cost calculation, particularly when holding positions overnight or for several days. Compared to other brokers, especially those operating internationally and providing forex services through well-known trading platforms like MT4 or MT5, I often see clearer and more accessible presentations of swap rates. Shikoku, however, does not offer MT4/MT5 or cTrader support, and only supports its own web trader, which may limit the visibility of such costs. This is something I personally consider a drawback, as I prefer brokers who ensure full transparency about all trading conditions—including overnight fees. Given Shikoku is regulated by Japan's FSA and has a longstanding operational record, I would not expect unreasonable or predatory swap fees. However, for me, the absence of easily accessible, explicit information means I would proceed with a conservative approach. Before making any decision to hold positions overnight, I would contact their support directly for clarity on swap structures, or weigh my options with brokers that present this information upfront. In summary, Shikoku’s lack of swap fee disclosure is a limitation compared to many competitors, and it’s a key area where I’d urge other traders to exercise added caution and due diligence.