We offer traders the flexibility to hold trades overnight across all account types and phases. However, it's important to note that holding trades overnight may incur swap fees (unless you are trading a swap-free account) and expose your capital to additional risk due to rollovers and market open/close volatility.
1. Overnight Trade Holding: We allow traders to hold their positions overnight, regardless of the account type or phase they are in. This means you have the freedom to keep your trades open beyond the daily trading session and capitalise on potential price movements that occur outside regular trading hours.
2. Swap Fees: When holding trades overnight, it's important to be aware of swap fees. Swap fees, also known as rollover or overnight financing charges, are applied to positions held beyond a specific cutoff time. These fees reflect the cost of maintaining a position in the market and are primarily influenced by the interest rate differentials between the currencies involved in the trade.
Swap fees are charged to offset the interest costs incurred by brokers for maintaining open positions on behalf of traders. These fees are calculated based on the size of the position, prevailing interest rates, and the specific asset class or currency pair involved. It's important to review and understand the swap fee structure applicable to your account before deciding to hold trades overnight.
If you have any further questions or require additional information regarding swap fees please reach out to our support team.