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Dear {name},
We're refining our calculation of Holding Costs for forex instruments to better align with market conditions.
Currently, if you hold an FX position at 10 pm London time (12 am MT4 time) on a Friday, a 3-day Holding Cost (Friday, Saturday, and Sunday) is applied.
Effective Wednesday, May 8, 2024, the 3-day Holding Costs will be charged on either Wednesday or Thursday, depending on the currency pair, as detailed in the table below.
| |
USD/CAD |
All other FX pairs |
| Monday 10pm BST |
x1 Holding Cost rate |
x1 Holding Cost rate |
| Tuesday 10pm BST |
x1 Holding Cost rate |
x1 Holding Cost rate |
| Wednesday 10pm BST |
x1 Holding Cost rate |
x3 Holding Cost rate |
| Thursday 10pm BST |
x3 Holding Cost rate |
x1 Holding Cost rate |
| Friday 10pm BST |
x1 Holding Cost rate |
x1 Holding Cost rate |
This adjustment may impact your charges, but please note that the total charge for holding an FX position for a full week (7 days) remains unchanged.
This change applies to all FX instruments and all JDFX account types.
For inquiries, please contact our support team during New Zealand office hours (10 am to 6 pm).
Thank you for your attention to this matter. |
