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When is rollover booked?

5 PM in New York is considered the beginning and end of the Forex trading day. 

  • Any positions that are open at 5 PM EST sharp are considered to be held overnight, and are subject to rollover.
  • A position opened at 5:01 PM EST is not subject to rollover until the next day, while a position opened at 4:59 p.m. is subject to rollover at 5 p.m.
  • A credit or debit for each position open at 5 PM EST appears on your account within an hour, and is applied directly to your accounts balance.

Weekends and Holidays

Most liquidity providers (which include global banks, financial institutions, prime brokers and other market makers) across the globe are closed on Saturdays and Sundays, so there is no rollover on these days, but most liquidity providers still apply interest for those two days.

To account for that, the Forex market books three days of rollover on Wednesdays, which makes a typical Wednesday rollover three times the amount on Tuesday. There is no rollover on holidays, but an extra day's worth of rollover is incurred two business days before the holiday.

Typically, holiday rollover happens if any of the currencies traded has a major holiday. Therefore, Independence Day in the USA, July 4, closes American liquidity providers, and an extra day of rollover is added at 5 PM EST on July 1 for all U.S. dollar pairs.

Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.

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