Electronic trading major IG is providing traders with a table that shows the number of days’ worth of overnight funding fee they will be charged if they keep a Forex position open on a particular day.

The overnight funding fee is the cost of holding a position overnight through 10 PM UK time, and it is charged at the end of each trading day. This fee is calculated based on the size of a position and the interest rate differential between the two currencies involved in the trade plus the IG admin fee.

To help traders manage their trading costs and make informed decisions, the broker has created this table that clearly displays the number of days’ worth of overnight funding fee traders will be charged. This information can be used to estimate the cost of holding a position over a certain period and to decide whether to keep it open or close it before the end of the trading day.

In the future, IG will regularly publish this table at the start of each new month.

Please note that in some cases, the number of days may change due to public holidays or bank holidays.

Below is a part of the table. The full table for the month of May can be viewed here.