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+54 11 5917 5747 [Buenos Aires]
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James Street, Kingstown, , First Floor, First St Vincent Bank Ltd Building, , Saint Vincent and the Grenadines, India
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Thank you for writing to us about your concern about overnight fees. As far as we understand, you are having confusion about fees in Forex mode. We are here to explain it to you. In Forex mode, there are basically 2 fees:
- Commission: 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.
- Overnight fee: it is a commission for carrying a trader's leveraged position overnight and then deducted from the balance on a daily basis.
Please note that overnight fee 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.
If there's anything else we can do to help, please let us know.
Best regards, Olymp Trade team.