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Galore Pro
Trading Conditions

Overnight Positions

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Galore Pro Rollover Policy

Galore Pro debits or credits clients’ accounts, and handles rollover interest at competitive rollover rates for all positions held open after 22:00 GMT. Although there is no rollover on Saturdays and Sundays when the markets are closed, banks still calculate interest on any position held over the weekend. To level this time gap, Galore Pro applies a 3-day rollover strategy on Wednesdays in forex market Galore Pro ..

About Rollover

Rollover is the process of extending the settlement date of an open position (i.e. date by which an executed trade must be settled). The forex market allows two business days for settling all spot trades, which implies the physical delivery of currencies. In margin trading, however, there is no physical delivery, so all open positions must be closed daily at end-of-day (22:00 GMT) and re-opened on the following trading day.

Calculating Rollover

Every currency trade is based on borrowing one currency in order to buy another. Interest is paid on the borrowed currency and earned on the purchased currency. For instance, if we assume that the interest rates in Japan and the US are 0.25% p.a. and 2.5% p.a. respectively, and you have a buy position of 1 lot in USDJPY at 118.50, you will earn 2.5% per year on your USD and pay 0.25% per year on your borrowed JPY.

Booking Rollover

22:00 GMT is considered to be the beginning and the end of a forex trading day. Any positions which are still open at 22:00 GMT sharp are subject to rollover and will be held overnight.

Leverage Risk

On the one hand, by using leverage, even from a relatively small initial investment you can make considerable profit. On the other hand, your losses can also become drastic.

Margin Monitoring

At Galore Pro you can control your real-time risk exposure by monitoring your used and free margin. Used and free margin together make up your equity. Used margin refers to the amount of money.

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With superior execution on a multiple Trading platform, Galore Pro is one of the most innovating and trustworthy CFD brokers in the World.

Reliable Forex trading conditions

Galore Pro provides for traders of all skill levels the opportunity to earn more.

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Global Markets with Reach

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