I'm trading forex at mySmartfx, what is the campus trader's view on this broker and why does the swap fee change every day and the order liquidation is so slow?
To our knowledge, the broker is a local broker who opened micro-account services from a Monex subsidiary. For swaps, it should follow the rate from the central bank of the respective currency country. Regarding the implemented swap changes, we don’t know exactly. You can contact the broker's CS. Regarding the slow execution, it is likely due to very rapid market movement, usually when high news is released.
Thanks
To Slamet Castifa,
We apologize in advance, we are not very familiar with the trading conditions at that broker as we have never traded with them before.
However, fluctuating swap conditions are normal. This is also influenced by the interest rates of the currencies in question. However, the adjustment of swap rates for each pair is not done every day.
Hopefully this helps.