Forex Spreads and Rollover

Forex Spreads and Rollover

Securities, a subsidiary of the Japanese listed corporation Financial Holdings, provides Capital Varsity Forex with liquidity. Approximately 10 world-class financial institutions, including but not limited to HSBC, Morgan Stanley, and BNP Paribas, provide live forex quotes to the group, allowing it to deliver fair and real-time Forex Trading Services to more than 900,000 clients globally.

Given the group’s dominant position in the market, Capital Varsity can provide clients with extremely tight forex spreads and competitive rollover rates.

The prices and spreads of all the available currency pairs on the Capital Varsity trading platform are listed in the table below. HKD/JPY and USD/HKD prices are used for currency conversion and are published for reference only.

*Prices shown on our website are indicative and for reference only. Rollover rate shown is for the minimum trade size of 1 lot.
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About Forex Spread

The “spread” is the difference between the two quoted prices (bid and ask), and it represents the amount you must overcome in the currency pair price difference to become successful.

Below is an example of the selling price, buying price, and the spread between the two prices for EUR/USD.

No Commission. Low Trading Costs.

Capital Varsity does not charge commission on your forex trades.

A lower spread equals a lower trading cost.

Capital Varsity is dedicated to providing consistently low spreads so that you can maximize your profits.

*Spreads may widen beyond our advertised spreads depending on market volatility.

About Rollover

The interest rate disparity between two currencies in a Currency Pair that is bought or sold is referred to as the rollover rate. You will earn the interest differential if the interest rate on the currency you bought is higher than the interest rate on the currency you sold (i.e., rollover). You will pay the rollover amount if the interest rate on the currency you bought is lower than the interest rate on the currency you sold.

When positions are held overnight through trading close, this is known as “rollover.” To avoid physical settlement, open positions are automatically rolled over every trading day at 6:00 a.m. Hong Kong Time (i.e., 5:00 a.m. during the New York Summer period). On the next business day after trading closes (i.e., T+1), the realized rollover amount will be resolved (i.e., removed or added to the account balance and available for withdrawal (positive rollovers only).

The “3-Day” rollover will be implemented for open positions held overnight through Wednesday’s trading close to account for trade settlement during the weekend. The “1-Day” rollover will be realized for any trade held overnight through Friday’s trading close and closed on Monday.

*The rollover rate as shown above is merely indicative.

*Bank holidays may also affect the number of days worth for each rollover.

Please note that images shown in this page may be different from the actual screen image.

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