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Margin and Rollover
A credit or debit for each position open at 5 p.m. appears on your account within an hour, and is applied directly to your accounts balance.
Weekends and Holidays
Most liquidity providers (which include global banks, financial institutions, prime brokers and other market makers) across the globe are closed on Saturdays and Sundays, so there is no rollover on these days, but most liquidity providers still apply interest for those two days. To account for that, the forex market books three days of rollover on Wednesdays, which makes a typical Wednesday rollover three times the amount on Tuesday. There is no rollover on holidays, but an extra days worth of rollover two business days before the holiday. Typically, holiday rollover happens if any of the currencies traded has a major holiday. Therefore, Independence Day in the USA, July 4, closes American liquidity providers, and an extra day of rollover is added at 5 p.m. on July 1 for all U.S. dollar pairs.
To view today’s rates, log into Alpha Trader. Click on Trade Calculator under the Views tab. The rollover rates for each currency pair is listed when you choose that currency pair in the Instruments tab of the Trade Calculator. Short Financing will show you how much rollover you will pay or earn if you sell 1 lot of the currency pair (and have the position open at 5 p.m.). If the number shown is negative, you pay that amount. If the number is positive, you earn that amount. The amount shown is denominated in the currency used by the account, which means that if the trading account is in U.S. dollars, the rollover amount is shown in U.S. dollars.
For Futures CFDs, no daily rollover incurs. Instead, on a quarterly basis, a Fair Market Value adjustment is made for open positions to reflect the rolling of the contract. The date of the Futures CFD roll may be found on the website.
*Liquidity Providers: Liquidity providers include global banks, financial institutions, prime brokers and other market makers.