COMMISSIONS AND SWAPS

Commissions per Account Type

Mini Bronze

Classic Silver

Pro 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 EUR. The commission on Mini Bronze account would be 2.90 EUR per side (0.0029% of notional value of the trade) or 5.80 EUR per round trip. If the base currency of your trading account is in currency other than the EUR, then this 5.80 EUR will be automatically 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 GBP. The commission on Mini Bronze account would be 2.90 GBP per side (0.0029% of notional value of the trade) or 5.80 GBP per round trip. If the base currency of your trading account is in currency other than the GBP, then this 5.80 GBP will be automatically converted into the base currency of your trading account

CFDs on Commodities/Energies Example

1 Lot of WTI_OIL has a notional value of 1 Barrel Price. The order value: Lots*Notional Value*Price If the Price for WTI_OIL is $70 The Commission Calculate as followed: 1*1*70*0.01%*2=0.014 USD then this 0.014 USD will be automatically converted into the base currency of your trading account. In this case the amount will be rounded up to the nearest 2nd decimal place, therefore the commission will be 0.01 USD

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 CSCO has a notional value of 1 Stock Price. The order value: Lots*Notional Value*Price If the Price for FB is $170 The Commission Calculate as followed: 1*1*170*0.01%*2=0.034 USD then this 0.034 USD will be automatically converted into the base currency of your trading account. In this case the amount will be rounded up to the nearest 2nd decimal place, therefore the commission will be 0.03 USD.

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

A forex swap rate is defined as an overnight or rollover interest rate (positive or negative) for holding positions overnight in foreign exchange or CFDs trading.

A swap charge is determined based on the interest rates of the countries involved in each currency pair and whether the position is short or long. Each currency pair has its own swap rate and is measured in points. The particular size of swap charged or paid depends on the size of your position. Swap rates are subject to change based on interest rate policies of central banks and the liquidity on the inter-bank lending markets.

Swap Rates

To see latest Swap rates please click here or Login to Forex24 Global MT4 Trading Platform and follow the steps outlined below:

  • Market Watch

  • Select the Instrument you wish to check

  • Right Click and select ‘Specifications’. A new window will open that shows long and short swap rates for the trading Instrument

Notes:

Swaps (rollovers) take place for all positions opened before 00:00 MT4 server time that are still open after 00:00.

When your rollover an open position from Wednesday to Thursday, the settlement date is Monday, (Forex settlement of T+2); therefore, the rollover charge on a Wednesday evening will be three times the value indicated above. This is called Triple Swap Wednesday.

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.