COMMISSIONS AND SWAPS

Commissions per Account Type

Bronze

Silver

Gold

CFDs on Forex Pairs

0.0029% Per Side of
Notional Value

0.0025% Per Side of
Notional Value

0.0020% Per Side of
Notional Value

CFDs on Commodities, Energies, indices, Equities

0.01% per side
of order volume

0.01% per side of
order volume

0.01% per side of
order volume

CFDs on Cryptocurrencies

0.03% Per Side
of National Value

0.03% Per Side
of National Value

0.03% Per Side
of National Value
Examples:

CFDs on Forex Example 1

1 lot of EUR/USD has a notional value of €100,000.
The current commission applied on “Bronze account”, on EUR/USD is 0.0029% or €2.90 per side, and €5.80 per round trip. The full commission is charged on opening of a position.
If the base currency of your trading account is in currency other than the EUR, then €5.80 will be converted into the base currency of your trading account.

CFDs on Forex Example 2

1 lot of GBP/USD has a notional value of £100,000.
The commission applied on “Bronze account”, on GBP/USD is 0.0029% or £2.90 per side, and £5.80 per round trip. The full commission is charged on opening of a position.
If the base currency of your trading account is in currency other than the GBP, then £5.80 will be converted into the base currency of your trading account.

CFDs on Commodities/Energies Example

1 Lot of Crude Oil (“USOIL.c”) has a notional value of 1 Barrel.
The commission applied on “Bronze account”, for USOIL.c is 0.01% per side and is calculated in the following manner: Number of lots * Notional Value * Price * 0.01%.

No. of lots Notional value Price % Commission (per side)
1 1 80 0.01 $0.008

The full commission is charged on opening of a position i.e., $0.016. If the base currency of your trading account is in currency other than the USD, then $0.016 will be automatically converted into the base currency of your trading account. Note: The amount will be rounded up to the nearest 2nd decimal place.

CFDs on Indices/Equities Example

1 lot of Facebook (“FB”) has a notional value of 1 share.
The commission applied on “Bronze account”, for FB is 0.01% per side and is calculated in the following manner: Number of lots * Notional Value * Price * 0.01%.

If the Price of FB is $300, the commission is calculated:

No. of lots Notional value Price % Commission (per side)
1 1 300 0.01 $0.03

The full commission is charged on opening of a position i.e., $0.06. If the base currency of your trading account is in currency other than the USD, then $0.03 will be automatically converted into the base currency of your trading account.

Note: The amount will be rounded up to the nearest 2nd decimal place.

What is Swap

Swap or Rollover is interest rate (positive or negative) applied when holding positions open overnight, on specific financial instruments (including foreign exchange or Forex).

Swap is based on the interest rates of the relevant currencies involved and whether the open position is “short” or “long”. Each currency has its own swap rate, which is measured in points. The amount of swap charged/received depends on the size of open position(s).
Swaps are not fixed and are subject to changes based on the interest rate policies of central banks and the liquidity of inter-bank lending markets.

Swap Rates

To see latest Swaps rates please click here or Login to your MT4 Trading Platform and follow the steps outlined below:

  • Market Watch

  • Select the financial instrument you wish to check

  • Right Click and select “Specifications”. A new window will open “Contract Specification” which shows all information related to the financial instrument are displayed, including Swaps.

Notes:

Swaps (rollovers) all applied to all positions that remain open at the end of a day. End of a day is considered 23.59hrs.

Positions are opened with value date T+2. For example, positions opened on Monday have the value date on Wednesday. Positions opened on Wednesday have value date on Friday and positions opened on Thursday have a value date on Monday. Therefore, positions held opened from Wednesday to Thursday, based on the value date, are subjected to rollover/swap charge for 3 days i.e., three times the value indicated above.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.