Overnight charges are the interest you pay when you hold a position overnight. Interest is calculated on a daily basis based on the size of the contract. Please note that some markets and positions may require you to pay an overnight fee.
Where can I find overnight rates?
Overnight premium is specific to each instrument and is listed on our website and trading platform.
Your 1:1 Leveraged CFD position is not affected by overnight financing, except for the following instruments:
- Natural gas
- American Cocoa
- PLN/TRY
- CHF/TRY
- USD/TRY
- EUR/TRY
- HKD/TRY
- TRY/JPY
- CAD/TRY
- NZD/TRY
- SEK/TRY
- NOK/TRY
Overnight Fee Percentage
The overnight fee percentage is based on different factors, such as benchmarks like SOFR and SONIA and our broker fees. Phronimos Group offer our clients the best trading experience possible at the lowest possible cost.
Overnight Fee Percentage Change
The overnight fee percentage may vary depending on various influencing factors. Once these factors change, the company will immediately update the fee percentage on the website and trading platform. It is the customer's responsibility to monitor the overnight fee and decide whether to hold an overnight position.
Example: Overnight holding of index CFDs
Let's say you hold a U.S. Tech 100 contract, which is currently priced at 12475. Therefore, the value of your position is $12,475.
The market for the U.S. Technology 100 Index is denominated in U.S. dollars, and the applicable interest rate benchmark is the Secured Overnight Financing Rate (SOFR)-currently 4.66448% per annum, or 0.01278% per day.
Our daily fee is 0.01096%.
Therefore, to hold a long position overnight, you need to pay 0.02374% of the value of the position (SOFR plus our fees), which is $2.96.
To hold a short position overnight, you will receive 0.00182% of the value of the position (SOFR minus our fees), or $0.23.
