eToro adjusts USD/TRY overnight fees
Online broker eToro warns that, due to recent economic events in Turkey, there has been a substantial increase in the volatility of the Turkish lira (TRY).
This has led to significant fluctuations in the USD/TRY exchange rate and subsequently impacted financing costs associated with holding open positions overnight.
To align with the current market dynamics and in line with industry-standard practice, on Thursday 24th August eToro will be adjusting its overnight fees on open USD/TRY positions. These adjustments reflect the increased financing costs caused by the volatility.
Please note that eToro fees can change at any time and it will not always be able to inform you of fee changes in advance. The company says it understands the importance of enabling you to manage your positions as you see fit during market changes.
More information on eToro fees can be found here.