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Mohammed Mazhar
1-2 years

How do GFFM’s overnight financing (swap) fees stack up against those offered by other brokers?

Broker Issues
GFFM
Fees and Spreads
07-17
United States
WikiFX
Reply

From my firsthand experience and thorough due diligence, I’ve found that evaluating GFFM’s overnight financing (swap) fees is unfortunately not possible due to the lack of published information from the broker itself. When I attempted to compare swap rates—an important operating cost for leveraged traders—GFFM does not provide these figures transparently on their website or in available broker resources. In contrast, most reputable brokers make their overnight financing costs, whether positive or negative, clear either on their trading platforms or client portals, allowing for cost comparisons and proper strategy planning. This opacity is a significant drawback for me. Without published swap rates, I can’t determine if GFFM is competitive, expensive, or fair when it comes to holding positions overnight. Swap fees can have a substantial impact on long-term strategies, particularly with commodities and energy products—areas in which GFFM specializes. I am only comfortable allocating capital to brokers who make all trading costs, including overnight financing, explicit. This transparency is not just a matter of preference; it is vital for proper risk assessment, accounting, and compliance with best trading practices. Based on the information available, traders like myself should approach GFFM with caution until these fee structures are explicitly clarified, especially if overnight positions are part of their strategy.

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