In addition to the spread fee, the overnight holding fee is also a common handling fee. If you are a long-term investor, you must pay the overnight fee for holding positions. If it is a short-term investor, as long as the investor abides by the intraday liquidation, the overnight fee for holding positions can be waived. It is suggested that short-term investors should not make long-term single-line trading orders at will, which not only increases the handling fee, but also increases the investment risk.
Different platforms charge different fees for overnight interest. Taking Jin Rong, China as an example, the overnight interest of spot gold in Jin Rong, China is calculated as follows:
1. Mini-account spot gold/gold overnight interest buy 1.25%, sell 0.75%.
2. Spot gold in standard account/gold overnight interest buys 1.2% and sells 0.7%.
3.VIP high-end account spot gold/gold overnight interest 1%, sold 0.5%.
The interest calculation formula is: opening price * contract unit * interest rate * (days /360), and the interest rate will be determined according to the market and announced in the system.