Does Plus500 charge an overnight fee?

The overnight funding amount is either added to or subtracted* from your account whenever a position is left open after a certain cut-off time (the “Overnight Funding Time”).

The formula used to calculate the daily overnight funding of a position on shares is:
Trade Size * Average price¹ * Daily Overnight Funding %

¹Average price - Average of the 'buy' and 'sell' price [(ask+bid)/2] of the last quote 60 minutes before the Overnight Funding time.

The formula used to calculate the daily overnight funding of a position on instruments other than shares is:
Trade Size * Opening Rate * Daily Overnight Funding %

For more details, please refer to the 'Trading Rules'.

The overnight funding time and the daily overnight funding percentage can be found in the “Details” link next to the instrument’s name in the main screen of the trading platform. For more information about fees, please read “Does Plus500 charge any trading fees?”

* Please note that the commission may be significant in long positions, which may affect trading results.