Certainly, you are allowed to keep trades overnight. However, it's essential to be responsible and aware of potential challenges that may arise during a market rollover.
We strongly advise against active trading during a market rollover period. This is because liquidity levels for all currency pairs typically decrease during this time, which can negatively affect spreads, both for our traders and us. Exercise caution, especially when dealing with currency pairs involving AUD, NZD, CHF, and JPY, as they are often more affected during midnight rollovers and bank rollovers.
Please note that any losses incurred due to widened spreads or slippage cannot be reimbursed by us. It's crucial to understand the inherent risks associated with trading during periods of reduced liquidity and the potential impact on trade execution.
The new trading day and swap charges
On MT5, a new trading day starts at 00:00 server time (GMT+2, GMT+3 during daylight saving). The daily drawdown on your account resets separately at 00:00 UTC.
When you hold a position through the end of the trading day (rollover), a swap charge is applied. The amount depends on the instrument and on whether you are long or short, and it is deducted from your account balance. You can check the exact swap rates for any instrument in MT5: Properties on the mobile app, or Specification on the desktop app.
Triple swap. Because markets are closed over the weekend, the swap is charged three times on one weekday to cover it. For most instruments this happens on Wednesday, for some assets on Friday. The exact day is listed in the instrument's specification in MT5. This is why holding a position over Wednesday night can cost noticeably more than other days.