At MVFunded, we offer our traders the flexibility to hold simulated trades overnight across all simulated account types and phases. However, it's important to note that holding simulated trades overnight may incur swap fees.

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Swap fees are charged to reflect the interest costs incurred by our broker MarketsVox for maintaining open positions on behalf of our traders in actual live swap accounts. These fees are calculated based on the size of the simulated position, prevailing interest rates, and the specific currency (Fx) pairs involved. It's important to review and understand the swap fee structure applicable to your demo account before deciding to hold simulated trades overnight.
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1) Swap Fees: Swap fees, also known as rollover or overnight financing charges, are applied to simulated positions held beyond a specific cutoff time to track equivalent fees that are imposed in actual live market trading. These fees reflect the cost of maintaining a position in the market and are primarily influenced by the interest rate differentials between the currencies involved in the trade.
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2) 3-Day Swap Fee: Every Wednesday simulated positions which are held overnight will be subject to a 3-day swap instead of the usual overnight rollover. This means that any simulated trades opened on Wednesday and held through Thursday will incur additional swap fees (3 times higher than usual) regardless of demo account type or phase. To avoid any surprises or unexpected costs, we strongly recommend that you consider reviewing any open simulated positions and take necessary actions ahead of this weekly occurrence.

At MVFunded, we aim to provide transparency regarding swap fees. We encourage traders to assess their trading strategies, consider the potential impact of swap fees, and make informed decisions based on their individual trading goals.
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