The explanation of the overnight fee at Olymp Trade


Accessing section with trading instrument specification
Accessing section with trading instruments’ specification

What is the overnight fee at Olymp Trade?

One of the fees you will encounter at Olymp Trade is an overnight fee, called also the rollover commission. This will be applied to CFDs, commodities, and cryptocurrencies. The fee is charged when the position is left open through the night. It is used to compensate for the overnight leverage that is used by a trader.

The amount of the rollover commission will differ from one asset to another. The overnight fee is applied at 20:55 UTC.

How to check rollover fee for a particular instrument

You are probably interested in how to check the amount of the expected commission. Here is how.

In the top left corner of the trading platform, there is a hamburger menu. You click on it and then find the tab “Additional”. Click on the list of instruments and there the rollover commission for each asset will be displayed.

Where to find overnight commission on Olymp Trade
Where to find the overnight commission at Olymp Trade

You will see here the full characteristic of an instrument. Search for “Rollover commission”. This is the rate that will be applied to calculate your overnight fee if you keep your transaction open over the night.

Overnight commission amount is included in your closed trade ticket
The overnight commission amount is included in your closed trade ticket

The overnight fee will be visible on your trade ticket.

If you want to read more about commissions and fees, please go to the article Calculating profit/loss with CFD trading.

Best wishes.

 

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Bart Bregman

Full time day trading, and helping out with Olymp Trade wiki in my spare time to create an awesome platform for beginners. I'm a digital nomad that travels the world while working from everywhere!

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