Hi regarding rollover

[XM911E3]

Hi bros, currently I'm using GFT platform Dealbook FX. I realised after certain time, even if I am profiting or lossing, it will be added to my unrealised profit. In layman's term, at the end of the day after they close shop, whatever amount you loss or profit that day, will be charged to your account. For example, let's say I entered a long position at 117.61, then if I decided to bring it overnight, tomorrow's position will be different regardless of wheather you profit or loss. There is a cut off point. I need to know the time of the cut off point. Could anyone here please enlighten me? Thanks

[Mazoem]

Originally Posted by XM911E3

Hi bros, currently I'm using GFT platform Dealbook FX. I realised after certain time, even if I am profiting or lossing, it will be added to my unrealised profit. In layman's term, at the end of the day after they close shop, whatever amount you loss or profit that day, will be charged to your account. For example, let's say I entered a long position at 117.61, then if I decided to bring it overnight, tomorrow's position will be different regardless of wheather you profit or loss. There is a cut off point. I need to know the time of the cut off point. Could anyone here please enlighten me? Thanks

When I used to use GFT they told me It could happen anytime between 4 and 6 CST. Keeping track of swap with GFT was next to impossible for me... drove me nutts.

The other thing that bothered me with GFT was that you could not have more that one position in a single currency pair. If you try to open another one they simply average down your first position and make one bigger one in the middle. Hated it. They also move your position everyday since they literaly close and reopen your positions everyday at swaptime (whenever that is that day). I felt very limited by the way they manipulate your orders. Oh yeah... forget hedging with them.

Didnt mean to get off topic... just needed to get that rant off my chest,

Jon

[XM911E3]

Originally Posted by Mazoem

When I used to use GFT they told me It could happen anytime between 4 and 6 CST. Keeping track of swap with GFT was next to impossible for me... drove me nutts.

The other thing that bothered me with GFT was that you could not have more that one position in a single currency pair. If you try to open another one they simply average down your first position and make one bigger one in the middle. Hated it. They also move your position everyday since they literaly close and reopen your positions everyday at swaptime (whenever that is that day). I felt very limited by the way they manipulate your orders. Oh yeah... forget hedging with them.

Didnt mean to get off topic... just needed to get that rant off my chest,

Jon

I totally agreed with you bro. First I waited for so many hours to see my position change if i bring it overnight but sitting infront of the com for many hrs is a totally waste of time. I entered a position at 116.11 but tomorrow morning, I woke up, it shows that I entered at 116.04. Yes i hate it cuz if you hold more than 1 position in a single currency pair, they will add up the previous one together with the currently and everything changes again. It's complicating....... Damn

[XM911E3]

I'm thinking of my old metaTrader4 It clear cut and no confusion. Anyone knows which FX company charges 3pips spread for major currencies and they are using metaTrader4? Thanks in advance cuz I'm abit sick of Dealbook and it get jam easily