WikiFX

Reply

As someone who has traded across numerous platforms, I appreciate the importance of overnight financing charges—often called swap fees—in managing long-term trading costs. From the available information, Yuanta applies a margin interest rate of Prime Rate plus 5% for trading on margin. While this isn’t labeled explicitly as a swap fee in the typical forex sense, for positions held overnight, this margin interest rate effectively functions as the carrying cost—especially relevant when considering leveraged positions in stocks and derivatives. Compared to many international brokers, this rate is on the higher side. Some global brokers offer more competitive swap or financing rates, especially on major forex pairs or large-cap equity CFDs, where spreads and financing costs are strong selling points. The absence of a detailed, published swap/rollover schedule for each asset at Yuanta makes it difficult for me to anticipate precise costs in advance, which is something I find less transparent than I would like for effective risk management. My experience with other Hong Kong-based and global brokers has shown that financing rates, and the associated lack of detailed disclosures, can impact long-term profitability if not watched carefully. If overnight financing is a key part of your strategy, I would recommend reaching out to Yuanta's customer service for specifics before committing significant capital, as apparently high administration or nominee fees may further affect your net returns. As always, understanding your total cost of trading is crucial for prudent financial decision-making.