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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.
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.
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.
