Forexer Limited is pleased to announce our new 10-day deferred carry fee which is not swap. This carry cost is charged to traders who hold positions overnight. However, we are offering the first 10 days as a grace period. This means that day traders and short-term traders can enjoy free trading for the first 10 days.

After the first 10 days, the carry fee will be charged on an opened position as follows:

  • The fee will be 0.01% per $100,000 opened position.
  • The carry fee will be charged upfront and withdrawn from the trading account every 24 hours.
  • For hedge positions, each position will be considered a separate position and charged individually.
  • We are implementing this fee to maintain the structure that other brokerages are following. We are not going to close any positions at the end of the year. Clients who intend to keep long-term positions can keep their positions for as long as they want.

Example

To facilitate your understanding and streamline the process, we have provided a detailed table as a visual aid. Within this table, you will find a comprehensive breakdown of the charges associated with three distinct symbols. We encourage you to thoroughly review this table to gain a clear insight into the specific cost of carry and their corresponding symbols.

carry cost swap
benefits of carry cost

Benefits of the 10-day deferred carry cost

  • Free for the first 10 days, so day traders and short-term traders can enjoy free trading.
  • Competitive rates.
  • Clear and transparent pricing structure.
  • No hidden fees or charges.

If you are a day trader or short-term trader, take advantage of our 10-day carry fee and enjoy free trading for the first 10 days. Open an account today at Forexer Limited!

A carry fee, also known as the cost of carry, refers to the trading cost associated with holding positions overnight in the forex market.

The carry fee influences the overall trading cost for maintaining positions overnight, impacting your profitability in the forex market.

In forex trading, a swap refers to the overnight interest rate paid or received for holding positions overnight. This swap in forex is essentially the cost or profit associated with keeping a position open beyond the close of the trading day. When you hold a position overnight in the forex market, you may incur or earn a swap in forex, depending on the interest rate differential between the currencies being traded. The swap in forex can be positive or negative, depending on whether the interest rate of the currency you are buying is higher or lower than the interest rate of the currency you are selling. Traders need to consider the swap in forex when holding positions for extended periods, as it can affect their overall profitability. Some traders may even employ swap trading strategies to take advantage of the interest rate differentials and earn additional income from swaps in forex. It's important for forex traders to be aware of the swap rates offered by their brokers, as these rates can vary and significantly impact trading costs and potential profits. So, always keep an eye on the swap in forex when planning your trading strategy and managing your positions.

No, the carry fee and swap in forex are different concepts. While swaps depend on factors like interest rates, carry fees are fixed for each symbol on FOREXer.
FOREXer offers a swap-free trading environment, ensuring that traders do not incur or receive swap charges for holding positions overnight.

FOREXer provides a unique benefit of a 10 Days Deferred Carry Fee, meaning that traders enjoy a carry fee-free period for the first 10 days of their trading.

The 10 Days Deferred Carry Fee allows traders to initiate positions without worrying about incurring carry costs immediately, enhancing flexibility in trading strategies.

While FOREXer eliminates swap costs, carry costs may still apply beyond the initial 10 days for holding positions overnight.

FOREXer stands out by offering a swap-free environment and a 10 Days Deferred Carry Fee, reducing trading costs and providing a competitive advantage for traders.
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