Forex and precious metals trading with FXChoice is processed on a 'spot' basis only. This means all trades are settled two business days from inception, as per market convention. We do not arrange physical delivery of currencies or precious metals; hence all positions left open from 23:59:45 to 23:59:59 (Server time) will be rolled over to a new value date. As a result, positions are subject to a swap charge or credit as specified in the table here.
Note: When you roll an open position from Wednesday to Thursday on a trade date basis, Monday of the following week becomes the new value date, not Saturday. Therefore, the rollover charge on a Wednesday evening will be three times the value indicated in the table.
The Swap is indicated in fractional pips (pippets). A pippet is equal to 1/10 of a pip and is a minimum change in a quote.
