Overnight fees

  • This topic has 4 replies, 1 voice, and was last updated 1 week ago by Caishen.
  • Creator
    Topic
  • #179347 Reply
    Caishen

      Hoping there’s no such thing as a silly question policy on here 🙂 but presumably if I’m day trading I don’t need to stress about overnight swap fees? If I ALWAYS close my positions by EOD then no charge?

      Reply
    Viewing 1 reply thread
    • Author
      Replies
      • #179388 Reply
        James Barra
        Moderator
          DayTrading.com Team

          Hi Caishen,

          Thank you for your message.

          You are correct in that if you close your positions in the same day you shouldn’t be charged overnight fees.

          For context, overnight fees cover the cost of carrying a position over to the next trading day, which typically includes interest rates. Brokers can have their own policies for overnight charges but they should be upfront about these when you sign up.

          PS you are right – there’s no such thing as a silly question here 😊

          Reply
          • #179415 Reply
            Christian

              It’s also worth noting that different instruments have different swap fees, and those fees also depend on lot size (bigger the lot, bigger the fee).

              Reply
            • #179421 Reply
              James Barra
              Moderator
                DayTrading.com Team

                Yes, excellent point. Thanks Christian 👍

                Reply
            • #179508 Reply
              Caishen

                Cheers guys!

                Reply
            Viewing 1 reply thread

            Reply To: Overnight fees
            Your information: