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Tom Rossito - Toronto
Within 1 year

How do CENTRAL's swap fees (overnight financing costs) stack up against those charged by other brokers?

Broker Issues
CENTRAL
Fees and Spreads
05-05
United States
WikiFX
Reply

Based on my own careful review, I was unable to find any clear information about CENTRAL’s specific swap fees or overnight financing costs. As a trader, transparency in fee structures—especially for overnight positions—is something I consider critical when choosing a broker. Swap rates can significantly impact long-term profitability, so I always want detailed, up-to-date numbers before making decisions. In CENTRAL’s case, the publicly available materials focused on commissions and other core trading fees, but there was a lack of clarity about their approach to overnight charges or whether they even offer margin forex and CFD products that typically incur such fees. This absence of precise swap fee information is, for me, a significant limitation. Many reputable brokers provide readily accessible comparative tables or calculators for overnight financing, which helps me accurately assess ongoing costs and compare them with industry averages. The lack of explicit details at CENTRAL means I can’t reliably benchmark their overnight financing against other brokers, and I strongly advise that anyone considering them for leveraged products should proceed with caution—reaching out directly to obtain full, official details before funding an account. Overall, for traders who are sensitive to the costs associated with holding positions overnight, this uncertainty represents an important consideration. I personally would need comprehensive, verifiable figures regarding such fees to feel confident trading with CENTRAL—especially given the complexities already apparent in their regulatory status and the need for clarity in all aspects of client cost.

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