For forex trading, Exto Capital pays or charges clients rollover interest at competitive rollover rates for all open standard and institutional positions. Exto Capital adopts a method of operation by which there are no value dates on any operations and no close out and re-opening of open positions at close of business. We call this process a synthetic spot transaction. This results in a simple one line transaction on the customer's transaction statement instead of an extremely complicated multi-entry statement.
Forex rollover
At the end of the trading day, at 23:00 UTC, an account with any open positions is either credited or debited interest on the full size of the positions. This is known as rollover interest. Rollover interest is calculated based on the full value of the client's position rather than the value of the margin or collateral necessary to take on that position. Whether an account is credited or debited depends on the direction of the client's position and the interest rate differential between the two currencies involved. For instance, the primary interest rates in UK are much higher than in Japan, so if a trader buys GBP, he or she will earn interest at 23:00 UTC. On the other hand, if he or she sells GBP in this currency pair, he or she will pay interest at 23:00 UTC.
» View our forex rollover rates
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