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As an independent forex trader, I always look closely at a broker’s transparency and regulatory status before even considering their cost structure, especially when it comes to something as critical as swap fees or overnight financing rates. With M&H, the first major hurdle is the lack of clear, accessible information. Their website is currently inaccessible, and according to the available information, M&H operates without any valid regulatory oversight. For me, this represents a significant risk, as swap fees should be both transparent and subject to oversight to protect clients from unfair or opaque practices. Unlike well-established, regulated brokers who usually publish their overnight swap rates right on their platforms or in dedicated fee schedules, M&H provides no visible structure or documentation about their swap fees. In my experience, this lack of disclosure is a red flag and makes it impossible to reliably compare their rates to those offered by the more reputable, regulated brokers I have used. Established brokers often have competitive—and closely monitored—swap fees, and even offer calculators so traders can estimate costs in advance. Without M&H sharing similar information, I can’t justify opening an account or risking capital with them, regardless of any potential cost savings. For traders concerned with trust and long-term viability, transparency and regulation should always outweigh the appeal of possible lower fees.