An overnight fee, also known as a swap fee or rollover fee, is a small charge applied when you hold a CFD position overnight. Rollover fees are standard in CFD trading and not exclusive to FNmarkets. These fees vary based on the value and direction of your position (whether you are buying or selling) and are deducted from your available balance. Swaps can generally be classified into two types:
Positive Swaps (Credits): If the currency you hold has a higher interest rate than the currency you are trading against, you may receive a positive swap (credit) for holding the position overnight.
Negative Swaps (Debits): If the currency you hold has a lower interest rate than the currency you are trading against, you may incur a negative swap (debit) for holding the position overnight.