Keeping Your Positions Open Overnight
Positions held open overnight may be charged rollover interest.
Amalga Rollover Policy
Amalga debits or credits clients’ accounts and handles rollover interest at competitive rates for all positions held open after 22:00 GMT, the daily bank cutoff time.
Although there is no rollover on Saturdays and Sundays when the markets are closed, banks still calculate interest on any position held open over the weekend. To level this time gap, Amalga applies a 3-day rollover charge on Wednesdays.
22:00 GMT is considered to be the beginning and the end of a trading day. Any positions which are still open at 22:00 GMT sharp are subject to rollover and will be held open overnight. Positions opened at 22:01 are not subject to rollover until the next day, but if you open a position at 21:59, a rollover will take place at 22:00 GMT. For each position open at 22:00 GMT, a credit or debit will appear on your account within an hour.