Each day at 5pm New York (7am AEST) Gold and Index CFD trades are rolled over and usually Rollover is either debited or credited to your account. With global interest rates remaining near all-time lows both Buy and Sell trades are typically charging Rollover daily. FXCM's new zero fees for Rollover for selected Index CFDs and Gold allows you to hold your trades without being charged of daily Rollover fees. In case that the trades were to paying you Rollover fees, the Rollover would not be calculated or credited to your account.
Get Cost Savings, Compare Rollover Fees between FXCM and Competitors.
Data is displayed in average value and was collected from demo accounts during 28th July to 5th August 2021.Trade sizes are adjusted to be comparable. Rollover rates were converted from USD to AUD using AUD/USD high from the period of 0.76022. Maximum trade size is based on roughly $200k USD Notional Volume. FXCM rollover is $0.00 for eligible trades during the No Rollover Fee Trading.
Yes we do have a free guide with great examples you can download and read. Free Rollover Guide
FXCM is offering no daily Rollover on select Index and Commodity CFDs. Clients can hold Buy or Sell trades on these positions as long as they want without incurring any daily financing costs, up to the position limits covered below.
Rollover is the interest paid or earned for holding a position past 5pm New York. With global interest rates near all-time lows both Buy and Sell positions typically charge Rollover.
All of these terms refer to the same thing, which FXCM refers to as Rollover. Rollover is the interest paid or earned for holding a position past 5pm New York. With global interest rates near all-time lows both Buy and Sell positions typically charge Rollover.
Selected Index and Commodity CFDs: AUS200, SPX500, US30, NAS100, UK100, XAU/USD, XAG/USD, US2000, GER30, JPN225, CHN50, HKG33, FRA40, ESP35, EUSTX50
No Rollover Fee trading is offered by Stratos Trading Pty. Limited to clients residing in Australia. No action is required to active No Rollover Fee trading, simply trade any of the included products. FXCM reserves the right to revoke No Rollover Fee trading in its sole discretion at any time. Check your eligibility in the Terms and Conditions of the No Rollover Fee Trading
The No Rollover Fee Trading allows approximately $200,000USD in net open notional volume, rollover free, on each eligible instrument. Each selected product has a maximum number of contracts that are covered by the No Rollover Fee Trading. If your total net open position on any product exceeds the maximum contracts size, Rollover charges will be applied to the contracts above the threshold.
You receive No Rollover for the contracts up to the maximum and will have Rollover applied to the remainder of the position. For example, if you have a total net open position of 400 Buy AUS200 the first 370 contracts have no Rollover. The remaining 30 contracts would be subject to Rollover fees.Note that if you exceed the promotional limit the required rollover fees will not be debited automatically at 5pm EST together with products not included in this No Rollover Fee Trading, but will be processed separately following an FXCM review.
The No Rollover Fee Trading is valid per client, not per account. In the event you have multiple accounts trading the same instrument, the exposure of all the accounts will be accrued.If the accrued exposure of all your accounts is greater than the promotional limit, your account will be subject to Rollover fees on the remaining exposure, as explained above.
You would save $24.45 per day on AUS200. Based on the maximum trade size of Buy 370 contracts with rollover $0.0660825 on June 29th 2021.
You can view it under Roll S (Rollover Sell) or Roll B (Rollover Buy) by clicking on the Instrument from the Rates tab in TS Mobile or looking in Advanced or Simple Dealing Rates inside Trading Station.
We selected products with Rollover highly impacted by the historic lows in global Interest rates. This creates more a more flexible trading environment with FXCM for all Index and commodity CFD traders.
FXCM absorbs the daily Rollover costs because we believe the improved trading conditions will result in more clients choosing to trade Indices and commodity CFDs with us.
Brokers charge Rollover to cover their financing costs with their Liquidity Providers or as an additional revenue stream. FXCM believes in reducing the 'hidden' fees from trading and we are aiming to provide the best platform for all traders.
FXCM offers competitive Rollover rates on all our Crypto products. However, at this point they are not included in the No Rollover Fee Trading.
With the exception of XAU/USD (Gold), none of the instruments in the No Rollover Fee Trading have positive rollover and you can continue trading as normal. XAU/USD can have either a negative or positive rollover rate depending on the direction of your trade and market conditions, as part of No Rollover Fee Trading both sides of XAU/USD have been set to 0. In the event you breach the permitted threshold, you may incur either a debit or a credit on your excess contracts depending on the value of the daily rollover rate.
When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging commissions at the open and close of a trade, and adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.
The potential savings per client is calculated from July 26th to October 15th 2021 based on the actual expected daily rollover fees of the maximum eligible position size for each instrument included in the promotion. The actual rollover fees saved will differ per client, and is dependent on the instruments being traded and the sizes and directions of any positions held past 5pm NY time daily.