Jump to content
  • 0
Sign in to follow this  

Overnight fees

Question

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?

Share this post


Link to post

4 answers to this question

Recommended Posts

  • 0

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.

Share this post


Link to post
  • 0

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. 

 

Share this post


Link to post
  • 0
Posted (edited)

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

1335208718_Screenshotfrom2020-01-0714-08-18.thumb.png.896aa78799ea4abdc7c8c8a481537638.png

Edited by dmedin

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      8,048
    • Total Posts
      44,167
    • Total Members
      55,360
    Newest Member
    DanieBotha
    Joined 18/02/20 05:37
  • Posts

    • There is the 'potential' for a breakout in Natural Gas from these price areas. 
    • One of our financial writers have written a piece on smoking vs vaping vs cannabis. Really interesting read. Here's a snip:  Main points:  Big Tobacco turns smoke into vapour Vaping: UK and US take different approaches … with different results Altria’s JUUL investment costs it dearly US vaping crisis highlights importance of a diverse portfolio Can Big Tobacco thrive as cannabis legalisation gains momentum? Altria gets stung for early move into cannabis Can vaping and other smokeless devices become key to the cannabis market?   Find the full article here: Vaping or cannabis: where’s the growth for Big Tobacco?  
    • I see a trend here ... British Prime Minister Boris Johnson’s spokesman refused to comment on Monday when asked about the hiring of an adviser who has discussed the benefits of forced contraception and said data showed the U.S. black population had lower IQ than white people. https://uk.reuters.com/article/uk-britain-politics-adviser/johnsons-office-silent-as-rivals-call-for-adviser-to-be-sacked-idUKKBN20B1NI
×
×