Brokersview Nov 2025 Swap Rates in Singapore Review: A Transaction Cost Analysis of Brokers

November’s swap rate assessment reveals significant differences among major brokers across EURUSD, GBPUSD, and XAUUSD. These variations provide valuable insights for traders—especially those engaged in carry trading, swap arbitrage, or medium-to-long-term positioning.

1.Doo Prime

EURUSD: 0 USD/lot

GBPUSD: 0 USD/lot

XAUUSD: -17.23 USD/lot

Doo Prime is the only broker offering zero swap spreads on both EURUSD and GBPUSD, making it the most cost-friendly choice for FX overnight traders. Its gold swap is also moderate compared with peers, giving it the most balanced performance overall.

2.AUS Global

EURUSD: -0.96 USD/lot

GBPUSD: -1.16 USD/lot

XAUUSD: -17.8 USD/lot

AUS Global offers competitive and stable FX swaps across both currency pairs. Its XAUUSD rate, while negative, remains within the low-to-mid range compared to the market.

3.DLSM

EURUSD: -3.37 USD/lot

GBPUSD: -3.76 USD/lot

XAUUSD: -9.25 USD/lot

DLSM delivers the most attractive XAUUSD swap costs among all brokers, with only -9.25 per lot. This makes it an excellent choice for gold traders.

FX swaps are moderate and consistent.

EURUSD Swap Rates

1.Doo Prime — 0 USD/lot (no swap cost)

2.AUS Global — -0.96 USD/lot

3.DLSM — -3.37 USD/lot

Doo Prime stands out as the only broker offering zero swap fees, making it highly attractive for EURUSD long-term traders. Meanwhile, Windsor and WeTrade remain the least favorable choices due to steep carrying costs.

GBPUSD Swap Rates

1.Doo Prime — 0 USD/lot

2.AUS Global — -1.16 USD/lot

3.VT Markets — -1.93 USD/lot

Again, Doo Prime leads with zero swap fees for GBPUSD, showing a strong edge for swing and position traders. WeTrade and Decode Global impose heavy overnight charges that significantly eat into profitability.

XAUUSD Swap Rates

1.IC Markets — -8.74 USD/lot

2.DLSM — -9.25 USD/lot

3.Doo Prime — -17.23 USD/lot

(Note: Although still negative, these rates remain much milder compared to other brokers.)

Gold swaps are harsh across the board. ThinkMarkets charges the most expensive overnight cost at nearly -43 USD/lot, making it a highly unfavorable broker for XAUUSD overnight positions. IC Markets and DLSM offer comparatively lighter swap burdens, making them safer choices for gold carry strategies.

Conclusion

November’s swap analysis highlights clear differences in cost structure across brokers: Doo Prime dominates swap competitiveness, offering zero swap on major FX pairs and maintaining manageable fees on gold. AUS Global and DLSM provide stable and balanced swap conditions. WeTrade, ThinkMarkets, and Decode Global impose heavy overnight costs that may significantly erode trader profits.

For traders engaged in carry trading or swap-sensitive strategies, choosing the right broker can dramatically improve long-term returns.

Data Source: Brokersview Swap Rates Ranking