CFDs on cryptocurrencies are subject to overnight policy.
Dukascopy Bank's Overnight Policy is aimed at providing highly competitive rollover conditions to its clients in order to underline the Bank's leadership. Dukascopy Bank applies different rollover rates to ensure that higher trading turnover for a client results in better overnight conditions.
The rollover conditions applicable to a client's trading accounts are determined dynamically based on the client's Trading Activity. Trading Activity is calculated over the last 30 calendar days across all of the client's trading accounts as the total trading volume divided by the sum of the trading volume and the overnight volume.
Note: The overnight volume is the sum of rollover open trades. The trading volume is the sum of all executed orders except for rollover trades.
Trading Activity reflects the trader's tendency to trade intraday more frequently than to keep positions overnight. Trading Activity is recalculated on a daily basis at the settlement time and the rollover policy is defined according to the percentage levels below:
| Rollover Policy | Required Trading Activity |
|---|---|
| Premium | > 90% |
| Advanced | >20 % |
| Regular | < 20% |
If no trading statistics are available for the previous 30 calendar days, the Advanced Rollover Policy is applied by default. Clients whose Trading Activity exceeds 90% qualify for the Premium level and the corresponding rollover rates. Clients can view the Rollover Policy currently applied to their accounts in the “Rollovers” report. For more information on how Trading Activity is calculated, see the examples below.
Settlement activities are performed daily and include all post-trade operations, such as trade settlements, rollovers, volume commissions, daily P&L conversions and other end-of-day adjustments. For information on value dates and overnight positions, please refer to the Rollover Policy. The settlement procedure is performed automatically at 21:00/22:00 GMT in the account's base currency. The account balance is updated daily following settlement. Clients can view their balance history in various reports available through the trading platform or web-based access.
Get more information about all crypto services provided by the bank.