Swaps and Financing
At the end of each trading day (22:00 UK time or 00:00 Broker server 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
Wednesday
Cash Indices
Friday
Metals
Wednesday
Oils
Friday
Shares
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 | Oils |
| 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) |
Swaps by points = volume x long or short in points/10
|
| Spreadbet | Swaps by points = volume x long or short in points/10 | Swaps as percentage = volume x contract size x open price x (long or short in points/100/360) |
Swaps by points = volume x long or short in points/10
|
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 | SmartCharts |
| Major FX | “/-2.5% | “/-2.5% |
| Minor FX (excl. TRY pairs) | “/-2.5% | “/-2.5% |
| Shares | “/-2.5% | “/-2.5% |
| Indices | “/-3.5% | “/-3.5% |
| Oils | “/-3.5% | “/-3.5% |
