Overnight interest

Overnight interest

     Overnight interest is the amount of interest credited or debited to maintain the overnight position of the account.

     he latest overnight interest can be queried on the MT5 platform.To view the overnight interest,log in to the MT5 platform,right-click on the market quotation and select "Commodity List",click the variety to view,and then click Properties.

     Special precautions:On Wednesdays,the overnight interest will be increased or decreased by three times as much as on weekdays.

     Why is the overnight interest triple on Wednesday?

     Because most banks around the world are closed on Saturdays and Sundays,the overnight interest on foreign exchange transactions is not calculated,but most banks still calculate the interest for these two days.For this reason,the foreign exchange market will calculate the three-day interest on the positions that are held overnight on Wednesday,so the interest on the positions that are held overnight on Wednesday is generally three times that of the positions that are held overnight on Tuesday.