Rollover Interest

Gedamo credits or interest charges automatically rollover interest at the end of each trading day.
At the end of the trading day, at 5:00 ET, an account with any open positions we will credit or charge interest at the amount and type of currency.
This is known as rollover interest.

The value of accreditation / debit depends on the customer exposure in a particular currency and the corresponding rate differential between the two currencies involved.

For example, interest rates in Great Britain are much higher than in Japan, so if a trader buys GBP, earn interest at 5 pm EST. Conversely, if you sell GBP in this currency pair, you must pay interest income to 5 pm EST. Rollover means the closing of open positions as of today and the opening of the same locations for value date of the next day at a price which reflects the difference in interest rates between the two currencies handled. In the spot Forex market, the rollover is necessary because all transactions must be resolved in two days. In accordance with international banking practice, Gedamo automatically handles the closing and reopening of positions.

For example, for operators who perform on Monday, the value date is Wednesday. An exception occurs when a position remains open on Wednesday, the normal value date would be Saturday, but since banks are closed on Saturday the value date is moved to Monday. Because of the weekend, open during Wednesday night will have to pay or earn an extra two days of interest.