I just noticed that Pepperstone and Thinkforex (now Thinkmarket) charge their clients triple swap rate on Wednesdays for weekend clearance thingy. When asked what happen if I close the trades on next day, i.e. Thursday, will they return the extra 2 days swap back to me? The answer is a miserable 'NO'.
Can someone please enlighten me whether this is industry wise practice or just some cunning brokers finding a way to squeeze more juice from their clients unnoticed?
Can someone please enlighten me whether this is industry wise practice or just some cunning brokers finding a way to squeeze more juice from their clients unnoticed?
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