An overnight fee – also called a rollover fee – is a payment that applies if you hold a position overnight.
CFD positions that stay open overnight incur a small fee, relative to the value of the position. This is essentially an interest payment to cover the cost of the leverage that you use overnight.
Overnight fees are the industry standard, and reflect the forces of supply and demand driving the market.
The fees vary according to position’s direction (BUY or SELL). In some instances, you can get money back: an overnight refund.
With the exception of cryptoassets, overnight/rollover fees are not charged/credited on Saturdays and Sundays. Fees for these days are charged/credited during a weekday, which consists of the regular payment multiplied by 3: a weekend fee/refund.
The weekend fee/refund is applied to positions on currencies and most commodities on Wednesdays. The weekend fee/refund is applied to positions on Saudi stocks on Thursdays. The weekend fee/refund is applied to positions on other stocks, indices, ETFs, Oil and Natural Gas on Fridays.
Please visit our fees and limits page to find out more information.