Do you offer swap-free account?

No, Pivex does not offer swap-free accounts. All trading accounts at Pivex are subject to swap fees.

What Are Swap Fees and Why Do They Exist?

Swap fees—also known as rollover or overnight fees—are a standard part of trading in leveraged markets. They exist because when you hold a leveraged position overnight, you’re essentially borrowing capital to maintain that trade. The fee represents the cost of this overnight financing and reflects the interest rate differential between currencies (in forex) or the cost of borrowing the asset (in other markets). These fees are charged (or sometimes credited) every time you hold a position past the daily market close.

They are not unique to Pivex—swap fees are part of how global financial markets function and are applied by all brokers who provide margin trading.

How Swap Fees Work at Pivex

Swap fees at Pivex apply when positions are held past the end of the trading day (typically 9 PM UTC). Depending on the direction of the trade and market rates, a trader may either pay or receive a fee.

For example:

If you buy EUR/USD and hold it overnight, you may pay a swap fee depending on the interest rate difference between the Euro and US Dollar. If you sell the pair, the fee structure may differ. Swap charges are automatically applied to your account daily.

What Affects Swap Fees at Pivex?

Swap costs are not fixed and depend on several factors:

• Asset class (e.g., forex, commodities, indices)

• Trade direction (buy or sell)

• Lot size or position volume

• Current interest rates and liquidity provider conditions

You can view the specific swap rates for each instrument directly in the MatchTrader platform under instrument details.

Why Traders Should Be Aware of Swaps

Swap fees can accumulate over time and impact the profitability of swing or long-term trades. Understanding how they work helps you plan more effectively and avoid unexpected charges.

For example:

• Day traders who close all positions before the market rollover time may not incur any swaps.

• Swing traders and position traders should include swap costs in their risk/reward calculations.

• On Wednesdays, triple swaps are applied to cover the weekend when markets are closed.

Swap fees are a normal part of trading with leverage and reflect the real cost of maintaining positions overnight. At Pivex, they are transparently calculated based on your instrument, position size, and market rates. While we do not offer swap-free accounts, we ensure that all relevant swap charges are clearly visible and factored into the trading environment.

If you’re unsure how swap fees apply to your trades, feel free to reach out to our support team—we’re here to help you trade with clarity and confidence.