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As an experienced forex trader, I pay close attention to swap fees or overnight financing charges, as these can significantly impact long-term trading strategies. In my own use of LIGHT FX, I've observed that while the broker is regulated by the Japanese FSA and maintains a transparent, stable trading environment, the publicly available context from LIGHT FX does not reveal detailed information about their current swap rate structure. This lack of published swap fee details has made it challenging for me to make direct, rigorous comparisons against brokers that are fully transparent about their fee schedules. From my perspective, Japanese brokers, particularly those regulated by the FSA, tend to align their overnight fees with industry averages, but can at times be less competitive than brokers with a global presence—especially those operating in less strictly regulated jurisdictions. LIGHT FX is not an exception, especially considering its focus on regulatory compliance and operational safety. While I’ve appreciated their no-commission structure and the notably tight EUR/USD spreads (around 0.28 pips floating), the uncertainty around overnight costs means I must be extra diligent in monitoring cumulative trading expenses when holding positions overnight. Therefore, while swap rates don’t seem unusually high or punitive based on my trading experience and the overall reputation of regulated Japanese brokers, I would advise anyone, especially those intending to hold trades for several days or weeks, to directly inquire with LIGHT FX for up-to-date, instrument-specific swap values before committing significant capital. This cautious approach is vital for risk management and helps ensure there are no unwelcome surprises impacting your trading performance over time.