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How do BRAC EPL's swap fees (overnight financing charges) stack up against those of other brokers?

Broker Issues
BRAC EPL
Fees and Spreads
08-12
United States
WikiFX
Reply

As an experienced trader who thoroughly evaluates broker costs, I have not found evidence that BRAC EPL offers swap fees or overnight financing options, unlike many global forex brokers. This is because, based on my research and user experience, BRAC EPL focuses exclusively on equity trading within Bangladesh, without providing access to forex, commodities, or leveraged instruments that usually incur overnight charges. What stands out for me is the lack of transparency around fee structures, with BRAC EPL only disclosing a maximum 1% commission on total trade value. For someone used to trading with internationally regulated brokers, I expect clear and open disclosure, especially regarding often-overlooked costs like swap fees. The absence of such information raises a red flag for me, especially when factoring in their unregulated status and higher-than-average risk profile. Many brokers I’ve used in the past are very explicit about their overnight rates, helping me plan my trading costs with precision. With BRAC EPL, this simply isn’t possible. Thus, for traders who prioritize understanding the full range of fees—including swaps—BRAC EPL does not currently provide the level of clarity or product offering to allow for a meaningful comparison in this area.

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