I had bought 100,000 units of EUR/USD and decided to hold my position overnight. Typically, the interest rate of the base currency is always higher than the quote currency. In this case, I was expecting to earn a swap fee, but with Mayfair Markets, my expected profit was significantly reduced, eaten into by their overcharged swap fees.
I had bought 100,000 units of EUR/USD and decided to hold my position overnight. Typically, the interest rate of the base currency is always higher than the quote currency. In this case, I was expecting to earn a swap fee, but with Mayfair Markets, my expected profit was significantly reduced, eaten into by their overcharged swap fees.
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