At the end of each trading day (24:00 Broker time), positions held in your account may be subject to a charge called a swap or financing charge. The holding cost can be positive or negative, depending on the direction of your trade and the applicable rate. Please be aware that positions held overnight may be subject to three days of swap charges on Wednesdays and Fridays, depending on the product you trade and the platform you use.
Three-day charge
|
Forex |
Cash Indices |
Metals |
| MetaTrader 4 |
Wednesday |
Friday |
Wednesday |
How is the swap and financing charge calculated?
The daily swap and financing charges calculated based on the following formula
| Account Type |
Forex |
Non-Forex |
| MT4 CFDs |
Swaps by points = volume x long or short in points |
Swaps as percentage = volume x contract size x open price x (long or short in points/100/360) |
How much do I get charged?
The exact charge is based on the underlying rates charged by our liquidity providers plus a mark-up for long positions and mark-down for short positions in accordance with the table below:
| Asset |
MetaTrader 4 |
| Major FX |
+/- 2.0% |
| Minor FX |
+/- 2.0% |
| Indices |
+/- 3.5% |
Contract expiry
| Product |
Expiry date |
| WTICrude |
18.04.2024 21:30 |
| BrentCrude |
26.04.2024 21:30 |