Overnight fees

[lamprossmailis]

Does anyone else thinks that the overnight charges have increased significantly making it almost impossible to hold a position long enough?

I just paid yesterday for long eur/usd position of £5 per pip a charge of £4.75 for one day overnight fees.

Am i the only one thinking this is absurd?

[dmedin]

Did you have that position open prior to or around 27th December?  The overnight charges spiked at that time but are probably back to normal by now.

[lamprossmailis]

No, i opened the position yesterday night and it just seems absurd to me to be paying an extra pip for one days charge, it practically prevents me from keeping the position over a 10-14 time frame as this would diminish my profits in the good case and almost double my loss in the bad case. 

 

[dmedin]

Think you will need to look into 'Futures' rather than 'cash'.  There's no overnight charging.

Edited January 7, 2020 by dmedin

[lamprossmailis]

i was thinking the same exact thing, thanks for your time man