Positions held open overnight are subject to Rollover/SWAPs on Spot” financial instruments. Depending on the positions held and the prevailing interest rates of the currency pair involved in a transaction, Client account is either credited or debited.
On the other hand, Swap-free accounts are subject to ‘Storage’. Storage is a fixed fee that is always charged to the client’s account(s). Storage is applied daily for positions held open overnight, except on positions held open on Fridays, where the charges applied are for 3 days value.
More information is available in ‘Trading Conditions’ under ‘Legal Documents’ on the Portal or on our website.