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Speaking as an experienced forex trader, when evaluating a broker, overnight financing (swap) fees are a core consideration, as they can significantly impact long-term positions. However, with Leverate, based on my in-depth review and the available context, I simply haven’t found direct, transparent information about their swap fee structure—if any is actually applicable. This lack of detail raises concerns, especially compared to other established brokers where swap rates are clearly published and consistently updated. But the most important discovery for me is that Leverate does not operate as a traditional retail forex broker. Instead, they position themselves as a technology provider and business-to-business (B2B) liquidity provider. According to verified information, retail traders—including myself—cannot open accounts, deposit funds, or trade directly through them. Leverate’s core clients are institutions or brokers rather than individuals. Therefore, any comparison of swap fees is not directly relevant, as those fees would ultimately depend on the actual retail broker utilizing Leverate’s solutions, not Leverate itself. For this reason, I would strongly advise caution. If you are a retail trader seeking to minimize overnight costs, you’ll need to look at regulated retail brokers that openly provide swap schedules and detailed fee breakdowns. With Leverate, not only is detailed swap information absent, the firm’s operational model means retail swap rates are not their domain. This critical gap, combined with reported concerns about suspicious licensing and regulatory status, makes me extremely cautious, and I would not recommend pursuing swap-related comparisons involving Leverate for individual retail trading.