Swaps Financing: Fees & Further Information

What is a Swap Rate?

A swap is interest paid or received for holding a position over rollover/end of day. On a currency pair interest is paid on the currency sold and received on the currency bought. In addition, swap rates are driven by the interbank spread and cross currency basis.

Swap charges are released on a daily basis by financial institutions that we work with. They are calculated based on the charges we incur to roll the positions in the market. The swap charge is measured on a standard size of 1.0 lot.

Keep in mind that Wednesday is a triple swap day for FX pairs, Thursday for Cryptos. This is due to the markets being closed on Saturday and Sunday.

For the latest swap rates please refer to the table below.

What is a Financing Fee?

The financing fee is the cost you pay to hold a position on CFD trades.

It helps traders gain access to leveraged products while only having to pay an initial margin to open the position. As such, the financing fee reflects the cost of borrowing or lending the asset(s) which relate to your position(s). In addition, if dividends are paid out on the relevant index, then long positions will receive a positive adjustment, while short positions will receive a negative adjustment.

Please keep in mind that Friday is a triple fee day for CFDs.