charging -ve swaps on EUR CHF even though it must be +ve

Agent_47

Recruit
Messages
2
Hello folks,
I have problems with iforex
1. I took a position in EUR CHF long and they started charging -ve rollover rates that too to the extent of -2PIPS/ Day. when contacted they say that they charge because they want to charge. is it legal and right to do so
2. I being in india is iforex legally registered to operate in india as i need to submit losses incurred here i have to show in my investment during tax filing as per laws of my land.
 

Pharaoh

Colonel
Messages
19,722
If they publish the rates on the website, screwing clients on swap is a bad thing, but doesn't qualify as scam. My best suggestion is to close your account. Once the money is safely back in your hands, leave them a 1 star review.
 

fxfrench

FXOpen AU Representative
Messages
392
A broker is just as free to add a markup to the published swap rates as they are to add to spread or add a commission to make a profit from their service.

The question is though, do they mention their swap markup in the customer agreement or trading terms documents?
 
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