WikiFX

Sagot

In my time researching Daicha Iconic Markets Ltd, I found almost no transparent information about their overnight financing charges, or swap fees. This made it impossible for me to directly compare these costs to more established, regulated brokers that typically publish detailed swap rate tables for all instruments. The lack of published information is a concern in itself, especially in forex trading, where swap fees can heavily impact overall profitability for those holding positions overnight. What stands out for me is that reputable brokers, especially those under strong regulatory oversight, are generally upfront about such fees and provide clear calculators or tables. With Daicha Iconic Markets Ltd, not only is there no clear data, but the company is also unregulated, and their business operations have been flagged as high-risk by sources I trust. From my experience, the absence of concrete swap fee information—combined with a suspicious regulatory status—suggests caution. When a broker does not disclose something as fundamental as overnight financing costs, it’s a red flag, as it prevents informed decision-making and can introduce hidden costs. For me, the combination of opaqueness regarding swap fees and high-risk warning signs means I would not feel comfortable trading overnight positions here, especially when so many regulated alternatives are more transparent about their trading costs.