Best Overnight Position Configurations for Forex Brokers | FOREX TRADING

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Best Overnight Position Configurations for Forex Brokers | FOREX TRADING

Are you a long-term or short-term trader? The broker's overnight interest rate can significantly impact your trading costs if you need to hold a position overnight. You may find BrokersView's assessment on the overnight interest rates of various brokers helpful.

EURUSD Overnight Interest Ranking


Best Overnight Position Configurations for Forex Brokers | FOREX TRADING

In last December, Doo Prime, FXCM, Forex.com, and XM were the platforms with the lowest overnight Interest rate, all of which had an overnight Interest of 0 USD/lot. As a result, none of our assessment orders held overnight on these platforms in December incurred overnight Interest.

Following these four platforms was AUS Global with an overnight Interest of -0.91USD/lot, and then DBGMarkets with an overnight Interest of -2.6.

Conversely, the three platforms with the highest overnight Interest for EURUSD among brokers were Exness, ThinkMarkets, and FPG.

GBPUSD Overnight Interest Ranking


Best Overnight Position Configurations for Forex Brokers | FOREX TRADING


The platforms with the lowest overnight interest rates for GBPUSD were Doo Prime, FXCM, Forex.com, and XM, all of which had an overnight interest of 0 USD/lot.

Following these, AUS Global and VT Markets offered lower overnight interest at -1.11 and -1.74, respectively.

The three platforms with the highest overnight interest rates for GBPUSD were WeTrade, Decode Global, and ThinkMarkets, with overnight interests of -8.28, -8.68, and -9.22, respectively.

XAUUSD Overnight Interest Ranking


Best Overnight Position Configurations for Forex Brokers | FOREX TRADING

Doo Prime, FXCM, Forex.com, and XM featured 0USD/lot overnight interest for gold trading. Choosing one of these four platforms can result in significant cost savings if you often hold positions overnight and have a relatively large trading volume.

Among the brokers evaluated, DLS Markets emerged with an overnight interest rate at -3.66USD per lot, followed closely by EBC Financial Group with an overnight interest rate of -7.48USD per lot.

Conversely, the platforms with the highest overnight interest rates for gold trading among were ACY Securities, WeTrade, and Exness, with overnight interest of -22.48, -24.32, and -34.72, respectively.


Best Overnight Position Configurations for Forex Brokers | FOREX TRADING

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Summary:

For the three currency pairs evaluated, Doo Prime, FXCM, Forex.com, and XM consistently had the lowest overnight interest. AUS Global's overnight interest was moderate, while the costs of holding positions overnight were relatively high with Exness, ThinkMarkets, and WeTrade.


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