SFEX trading starts and ends at 0:00 GMT every day. Any positions opened before 0 will be considered as holding positions overnight and need to calculate overnight interest. Positions established after 0 o'clock will not be calculated for overnight interest until the next day.
At 0 o'clock, the positive or negative overnight interest of each open position will be displayed on your account within one hour and will be directly reflected in your account balance.
Weekends and holidays
Most liquidity providers around the world (including global banks, financial institutions, and major brokers) are closed on Saturdays and Sundays, so these two days do not calculate the overnight interest on foreign exchange positions, but most liquidity providers still Calculate the interest for these two days. For this reason, the foreign exchange market will calculate the three-day interest on positions that stay overnight on Wednesday, so if you hold a position overnight on Wednesday, the interest is generally three times that of an overnight position held on Tuesday. There is no overnight interest on holidays, but two nights before the holiday are calculated for an extra day of overnight interest. Generally speaking, when the currency involved in the transaction meets an important holiday in the country where it belongs, the holiday overnight interest will be calculated. For example, on July 4th, American Independence Day, the US liquidity provider suspends operations, and all positions of the US dollar currency pair are located at 5 pm on July 1st to calculate the extra day's overnight interest.