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Ashraf Shahhat
Within 1 year

How do Grand Capital's overnight financing charges (swap fees) stack up against those of other brokers?

Broker Issues
Grand Capital
Fees and Spreads
06-12
United States
WikiFX
Reply

Based on my close review of Grand Capital, my experience and the available data have left me cautious, particularly regarding their overnight financing charges, also known as swap fees. The figures published for swaps at Grand Capital reveal that long positions, in particular, are subject to significant negative values. For example, a charge of -59.86 USD per lot for long positions stands out as highly unfavorable compared to what I have seen at most multi-asset brokers in the market. Even the lower value, -13.25 USD per lot, is notable. In contrast, many other established brokers I have traded with typically offer far more competitive swap rates, with negative swaps usually falling well below these levels for equivalent instruments and lot sizes. From a risk management perspective, expensive overnight financing can quickly erode profits, especially for traders like me who employ strategies that require holding positions for multiple days. While short positions at Grand Capital occasionally offer minor positive swaps, the large potential cost—particularly on the long side—adds a significant burden to running trades overnight. Furthermore, the general lack of detailed, transparent information about their fee structure makes it difficult for me to fully assess and anticipate total trading costs. In my view, it is always essential that traders factor such funding expenses into their calculations, and with Grand Capital’s elevated swap fees, I would proceed with even greater caution. It’s advisable for anyone considering this broker to obtain the latest, instrument-specific swap rates and compare them rigorously against more established, better regulated competitors before making a decision.

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