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Question about fees on leveraged trades
Aug 05, 2023 at 09:53
Uczestnik z Aug 05, 2023
1 postów
Hey all,
Just trying to understand what leverage is and how it works. Seen in a few places that there isn't any fees charged on positions that aren't held overnight for forex. Is this true? And by extension, does this also apply to a leveraged trade? Meaning let's say I use 1:50 leverage, but I close all my positions and don't keep them overnight (so say for argument's sake, I'm scalping). Am I charged any fees/interest/commission? And yeah I know this is a forum for forex, but was just wondering, if anyone knows if this differs to stock trading?
Just trying to understand what leverage is and how it works. Seen in a few places that there isn't any fees charged on positions that aren't held overnight for forex. Is this true? And by extension, does this also apply to a leveraged trade? Meaning let's say I use 1:50 leverage, but I close all my positions and don't keep them overnight (so say for argument's sake, I'm scalping). Am I charged any fees/interest/commission? And yeah I know this is a forum for forex, but was just wondering, if anyone knows if this differs to stock trading?
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Nov 14, 2023 at 08:55
Uczestnik z Feb 12, 2016
108 postów
nier22 posted:There are indeed islamic (or swap free) accounts offered by some brokers like Hotforex, Tickmill etc. You're not charged nor credited swaps if you hold positions overnight in these accounts. Leverage for intraday trades is free means you only pay spreads to enter/exit trade.
Hey all,
Just trying to understand what leverage is and how it works. Seen in a few places that there isn't any fees charged on positions that aren't held overnight for forex. Is this true? And by extension, does this also apply to a leveraged trade? Meaning let's say I use 1:50 leverage, but I close all my positions and don't keep them overnight (so say for argument's sake, I'm scalping). Am I charged any fees/interest/commission? And yeah I know this is a forum for forex, but was just wondering, if anyone knows if this differs to stock trading?
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