If you plan to hold one or more orders open over a long period of time, please ensure that you have an adequate balance of funds left in your trading account. This is to avoid your orders being forcibly liquidated if the Overnight Fees are larger than your available funds balance.
The Overnight Fee will be charged at 06:00 - 06:05 (GMT+8) daily. The fee will be equivalent to Margin x Leverage x 0.04%.
When you have multiple open orders, the sequence of Overnight Fee being charged will be according to the time the orders were opened.
Here is how it works:
Please note: The system may charge an overnight fee for orders executed between 6:00 am and 6:05 am (GMT+8). We suggest you not to place new orders during this period.