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Broker
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Sanford
Within 1 year

How do HMFS’s overnight financing charges, or swap fees, stack up against those offered by other brokers?

Broker Issues
HMFS
Fees and Spreads
04-28
United States
WikiFX
Reply

As someone who scrutinizes every aspect of a broker before trading, I found evaluating HMFS challenging due to major transparency gaps. Critically, HMFS does not publicly disclose information about overnight financing charges or swap fees. This lack of clarity stands in stark contrast to well-regulated brokers I’ve traded with, who typically provide detailed tables and real-time calculators for swap rates. In my experience, being able to review and compare such fees is essential for planning trades—especially for swing or position strategies where overnight charges meaningfully affect returns. Comparing HMFS to other brokers, particularly those who are regulated and cater to forex or multi-asset traders, I feel at a disadvantage. Regulated brokers usually publish their swap rates, update them regularly, and have customer support that can clarify any discrepancies. HMFS, being unregulated and only offering equities on its own proprietary platform (not industry standards like MT4/MT5), gives me little assurance regarding fee transparency or consistency. The absence of a demo account or clear fee schedule further increases my caution. For me, the inability to reliably research overnight financing costs signals significant risk—not only in terms of actual charges incurred, but also in the overall reliability and trustworthiness of HMFS as a trading venue. Until swap fees and wider cost structures are clearly disclosed, I wouldn’t consider them competitive with established, regulated brokers.

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