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How do Mashreq's swap fees or overnight financing charges stack up against those charged by other brokers?

Broker Issues
Mashreq
Fees and Spreads
09-01
United States
WikiFX
Reply

In my experience as a forex trader, evaluating a broker's swap fees and overnight financing charges is essential for anyone who holds positions longer than a trading day. With Mashreq, I found their fee structure—especially around trading and account management—to be quite transparent, but I need to note that their specific swap or overnight financing charges are not explicitly detailed in the available documentation. This lack of upfront clarity is itself a caution flag for me as an experienced trader because transparency is key to trust. Comparing Mashreq to other brokers I have used, especially those with clear regulatory oversight and published swap rates, Mashreq’s absence of regulation further raises concerns. Most well-regulated brokers provide a fully itemized list of swap fees per instrument, so customers can accurately calculate the carrying cost of maintaining positions overnight. With Mashreq, I would need to contact support or run a live trade to discover the true charges. This lack of detail and regulation means I cannot confidently benchmark Mashreq’s overnight financing costs against industry standards, which could expose traders like myself to unanticipated expenses—an unnecessary risk for my capital. For me, protecting both my funds and peace of mind takes priority. Until Mashreq demonstrates both regulatory oversight and up-front disclosure of all trading costs—including overnight fees—I would remain conservative in my approach and favor brokers who make these charges explicit and verifiable.

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