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As someone who has traded with a variety of brokers over the years, understanding swap fees—or overnight financing charges—is crucial when managing longer-term positions, especially in forex. However, based on my research and personal experience reviewing Simplex Asset Management, I have not found any publicly available or transparent information regarding their specific swap fee structure. This lack of detail stands out to me, particularly when comparing Simplex Asset Management to many other brokers, where such information is typically easy to access and forms a key part of cost comparison. The firm is regulated by the FSA in Japan and has a long-standing presence, which in my experience generally provides a degree of operational reliability. Yet, the absence of swap fee disclosures makes it difficult for me to assess and compare the actual ongoing costs of trading with Simplex Asset Management versus their peers. For me, this information gap means I would approach trading with them more cautiously, as unknown financing costs can materially affect profitability, especially for those holding positions overnight or for extended periods. In summary, while the regulatory oversight and longevity of Simplex Asset Management are positive signs, the lack of transparency around swap fees is a significant drawback for me, and I would advise fellow traders to seek greater clarity directly from the broker before committing substantial funds or positions.