What's going on with overnight fees here, how are they charged and what additional fees are also levied here?

asked by Shau T. on 12/16/22

2 Answers
Thumbnail of user olympt

Hello, Shau T.

Thank you for your question. We assume that you are asking about fees on the Forex mode. In Forex, we have Commission and Overnight fees.

For Commissions, when opening a Forex trade, a certain amount is deducted from the trader's balance. This amount depends on several criteria: trade amount, multiplier, asset specification, etc. The current commission is shown along with the rest of the information about the trade. However, the final payment may sometimes differ slightly due to the market situation. Information about the minimum commission rate for opening trade and other conditions can be found in the "Trading Conditions" tab of the "Assets" menu. You can access it through the "Help" section.

For the Overnight Fee (rollover to the next day), it is a commission for carrying a trader's leveraged position overnight and then deducted from the balance daily. The amount of commission depends on the factors of the trade amount, direction, multiplier, and overnight fee rate of the pair. The latter can be found in the "Trading Conditions" tab of the "Assets" menu.

Hope we have answered your question.
Best regards, Olymp Trade team.

Helpful  (1)
Thumbnail of user ngamp

It charges a commission for each trade. If your account is inactive for 180 days, ten bucks will be written off from your account. There aren't any other fees.

Helpful  (0)

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