Funding adjustments are calculated as follows:
S = L * P * D * V
Where:
- S= rollover amount
- L= contract lot size
- P= rollover rate (pips) of metal contact products
- D= days of calculated rollover rates
- V= the value of each pip for a metal contact product
A daily interest adjustment is calculated for any position that is opened before 22:00 (GMT) and that is still open after 22:00 (GMT).
Unless we notify you in writing, the interest rate applied will be +/- 2% above or below the Libor cash rate for standard contracts. mogaFX reserves the right to amend the algorithms used for calculating rollover rates.
NOTE: For any position opened before 22:00 on Wednesday that is still open after 22:00 on Wednesday, the daily interest credit or debit will be made for three days as opposed to one day. This three-day adjustment covers settlement of trades over the weekend.
Investors can see trading rollover rates on the MT4 trading platform.