Trading Spreads, Swap Rates and Commissions

Daily swap charge / credit = One point x (Trade size [or notional amount] x Tom-next)

*We source our Tom-next rates from tier-one global investment banks. These are updated on a daily basis to account for the dynamic swap market.

Note: Our Commodities metal swaps are also calculated in the same way

Daily swap charge / credit = (market closing price x Trade size x (our charge* +/- ARR or IBOR)) / 360

*Our charge is 2.5%. If you’re long, you pay ARR/IBOR. If you’re short, you receive it.

For more information on ARR / IBOR or other inter-bank reference rates, please see link.

Daily swap charge / credit = (Trade size x (basis* +/- our charge**))

*Formula for the basis = (P3 – P2) / (T2 – T1), where: P2 = price of front-month future P3 = price of next-month future T1 = expiry date of the previous front-month future T2 = expiry date of the front-month future

**Our charge = CFD mid price x 2.5% / 365. If you pay the basis on your trade, our charge is added; if you receive the basis, the charge is deducted.

Daily swap charge / credit = (market closing price x Trade size x (our charge* +/- ARR or IBOR)) / 360

*Our charge is 2.5%. If you’re long, you pay ARR/IBOR. If you’re short, you receive it.

For more information on ARR / IBOR or other inter-bank reference rates, please see link.

Daily swap charge / credit = (market closing price x Trade size x Percentage*) / 360

Percentage*: You can find our latest swap rates on our trading platforms. Swap rates posted on our platforms are indicative rates and are subject to change based upon market volatility.

• Go to “Watchlist”
• Select the symbol you wish to check and in right-click menu select 'Instrument info' (please note that Overnight Rate is shown based on points adjustment format, i.e. positive Long points mean there is a charge and negative Long points mean there is a payout).

• Select 'View'
• Right-click on 'Market Watch' and select 'Symbols'
• Choose the currency pair you wish to check and select 'Properties' (on MT5, please select 'Specification')

• Go to the 'Finder' tab
• Type the symbol name in the search bar
• Click the information icon next to the symbol to view its settings