Can I hold trades overnight?

Yes, you can hold trades overnight on Pivex without restrictions. However, unlike what some traders may expect, swap commissions (also known as rollover or overnight fees) do apply, and they depend on the asset class, position size, and liquidity providers.

Understanding Swap Fees on Pivex

Swap fees are charges incurred for holding a position overnight, reflecting the cost of borrowing or lending the instrument being traded. These fees are standard across the industry and are automatically calculated and applied by the platform based on several factors.

Key Factors Affecting Swap Fees

• Asset Class: Different instruments (e.g., forex, commodities, indices, crypto) have different overnight fee structures.

• Position Size: Larger positions incur higher swap charges as the exposure and margin involved are greater.

• Liquidity Providers: Swap rates are influenced by the rates set by Pivex’s liquidity providers and may vary depending on market conditions.

Market Hours and Overnight Considerations

1. Liquidity Fluctuations

   Overnight hours—especially during late-night UTC times—often coincide with lower market activity, leading to wider spreads and less favorable execution prices.

2. Platform Support

   On MatchTrader, you can monitor swap rates directly within your position details and get real-time insights into spread changes, market sessions, and volatility.

Example

If you open a position on EUR/USD late on Wednesday and hold it through the night, a swap fee will be deducted based on your lot size and the prevailing rate for that pair. The fee may be positive or negative depending on the direction of the trade and the interest rate differential between the currencies involved.

Weekend and Triple Swap

• On Wednesdays, triple swap fees may apply to forex positions to account for the weekend rollover period when markets are closed.

• Crypto markets, which operate 24/7, may also incur daily financing charges, visible within the platform.

Using MatchTrader for Informed Decisions:
• Utilize real-time market data to track trading hours and liquidity.
• Plan overnight trades by checking the upcoming session overlaps, which can indicate better liquidity and tighter spreads.
• Stay aware of market volatility during different trading sessions to optimize your strategy.

By leveraging the features of MatchTrader and staying mindful of market hours, you can effectively manage your overnight positions without worrying about swap fees or additional costs.