Why Did My USD Margin (Commodities) Balance Change Overnight?

Question

Accepted Answer

The most likely reason is swap. Any Commodities position still open at the daily rollover, 05.00 WIB (04.00 WIB during US Daylight Saving Time), is charged or credited swap, with 11% VAT on charges. For gold and silver, the Thursday rollover counts three days. The swap shows up in Transaction History shortly after the rollover.

Symptom / ConditionPossible CauseSolution
  Your balance dropped slightly after the rollover while you held a positionA swap charge for holding the position past the daily rollover. The swap rate is shown in pips per lot, and swap charges carry 11% VATCheck the swap entry in Transaction History. It's a normal holding cost; a position opened and closed between two rollovers has no swap.
  Your balance rose slightly overnightA swap credit. Depending on your direction (Long or Short) and the rate, swap can be credited to you instead of chargedNothing is wrong. A swap credit counts as a gain that you report yourself for tax.
  The change after Thursday's rollover is about three times the usual amountTriple swap: gold and silver positions open at the Thursday rollover are charged three days, covering the weekendThis is expected. Around market holidays, the extra days can fall on a different rollover. For Brent crude, check the Swap Fee entries in Transaction History to see which rollover carried the weekend.
  You don't see the swap right after the rolloverSwap is applied at the rollover and shows up in the app shortly afterNothing is wrong. Check Transaction History again a little later for the Swap Fee entry.
  Your position's Unrealized P&L changed overnightCommodities prices keep moving while the market is open, including outside Indonesian business hoursCheck your open positions in the app.
  Positions you held are gone in the morningLiquidation: at a 50% margin level, Pluang closes your worst-performing position in full, then checks your margin level again; if it's still at 50% or below, it closes the next oneSee the separate article on why Commodities positions were closed automatically, and check Transaction History.

If the issue persists:Contact Pluang Care via live chat in the Pluang app, email tanya@pluang.com, or call (021) 8063 0065 (Monday to Friday, 09:00–18:00 WIB). Include the date of the change, the instruments you held, and a screenshot of the entry in Transaction History.

Related questions:
Q: How is the Commodities swap calculated?The rate is shown in pips per lot and set daily. As an illustration for gold: 80 pips × US$0.01 per pip × 10 lots = US$8.00 a day, plus 11% VAT = US$8.88. Two days would be US$17.76.
Q: How can I avoid paying swap?Open and close your position between two rollovers. Any position still open at the 05.00 WIB rollover (04.00 WIB during US Daylight Saving Time) is charged or credited swap.
Q: Why is the swap tripled on Thursday?For gold and silver, the Thursday rollover counts three days to cover the weekend. Around market holidays, the extra days can fall on a different rollover. For Brent crude, check the Swap Fee entries in Transaction History to see which rollover carried the weekend.
Q: Where can I see my swap charges?In Transaction History. Each swap charge or credit on your USD Margin (Commodities) wallet is recorded there as a Swap Fee entry, shortly after the rollover.
Q: Is a swap credit taxed?A swap credit counts as a gain under PPh Pasal 17. Pluang doesn't withhold the tax; you report it yourself.

Symptom / Condition	Possible Cause	Solution
Your balance dropped slightly after the rollover while you held a position	A swap charge for holding the position past the daily rollover. The swap rate is shown in pips per lot, and swap charges carry 11% VAT	Check the swap entry in Transaction History. It's a normal holding cost; a position opened and closed between two rollovers has no swap.
Your balance rose slightly overnight	A swap credit. Depending on your direction (Long or Short) and the rate, swap can be credited to you instead of charged	Nothing is wrong. A swap credit counts as a gain that you report yourself for tax.
The change after Thursday's rollover is about three times the usual amount	Triple swap: gold and silver positions open at the Thursday rollover are charged three days, covering the weekend	This is expected. Around market holidays, the extra days can fall on a different rollover. For Brent crude, check the Swap Fee entries in Transaction History to see which rollover carried the weekend.
You don't see the swap right after the rollover	Swap is applied at the rollover and shows up in the app shortly after	Nothing is wrong. Check Transaction History again a little later for the Swap Fee entry.
Your position's Unrealized P&L changed overnight	Commodities prices keep moving while the market is open, including outside Indonesian business hours	Check your open positions in the app.
Positions you held are gone in the morning	Liquidation: at a 50% margin level, Pluang closes your worst-performing position in full, then checks your margin level again; if it's still at 50% or below, it closes the next one	See the separate article on why Commodities positions were closed automatically, and check Transaction History.