FINANCING FEES

Know our financing fees

Trade smarter by understanding how we calculate financing charges based on asset class, holiday & trading hours.
EQUITI SWAPS & ROLLOVERS

What are swaps & rollovers?

Trading markets take holidays too, be prepared for upcoming dates that may impact your open positions by causing extended rollover periods.

As we do not offer the physical delivery of assets, we charge a holding fee on some products for keeping positions open till the next day. We recommend you always check the rollover fees per product to protect your trading strategy. 

Please be aware that:

  • When you trade forex of CFDs on a "spot" basis on MT4 or MT5, most trades settle two business days (T+2 pairs) from inception - however some pairs (like USDCAD, USDRUB & USDTRY) are settled on a one business day basis (or ‘T+1’). 
  • Different asset classes settle on different days, our financing costs are calculated on a per position basis and that they may be charged to your account.
  • Formula for forex & oil CFDs: Lots x Contract Size x Long/Short Swap x Point Size
  • Formula for share & index CFDs: (Long/Short Swap)/360/100 x Closing Price x Lots 

To learn more, check our FAQs page or see our holiday trading hours.

Download this quarter’s list of rollovers by product.

Swaps and Rollovers
CURRENT SWAPS

Swap rates by product

Symbol Long Short
AUDCAD -6.721 -0.576
AUDCHF 0.743 -6.816
AUDCNH -300.681 -380.682
AUDDKK -23.172 -23.172
AUDHKD -273.999 -441.000
AUDJPY 4.864 -12.584
AUDNZD -16.944 -10.422
AUDSGD -22.794 -21.224
AUDUSD -5.034 0.263
CADCHF 3.291 -10.976
CADJPY 8.950 -15.946
CADSGD -6.603 -11.513
CHFJPY -0.549 -7.661
CHFNOK -53.498 -53.498
CHFPLN -22.993 -22.993
CHFSGD -65.739 3.492
CNHJPY -48.054 -55.875
EURAUD -7.351 -0.581
EURCAD -11.082 4.756
EURCHF 1.609 -6.967
EURCZK -62.538 -62.538
EURDKK -195.756 -195.756
EURGBP -6.536 0.923
EURHKD -214.677 -360.378
EURHUF -101.871 -101.871
EURILS -30.714 -30.714
EURJPY 6.873 -13.440
EURMXN -635.567 264.618
EURNOK -63.933 -50.884
EURNZD -24.302 -6.802
EURPLN -107.922 17.228
EURRUB -6.795 -6.795
EURSEK -65.668 -72.374
EURSGD -29.958 -21.018
EURTRY -3120.653 -1229.520
EURUSD -8.831 4.234
EURZAR -41.463 16.651
GBPAUD -0.183 -7.108
GBPCAD -5.908 -1.729
GBPCHF 6.633 -12.508
GBPCNH -206.235 -432.636
GBPDKK -73.503 -73.503
GBPHKD -122.946 -524.247
GBPJPY 14.899 -21.659
GBPNOK -27.157 -120.303
GBPNZD -11.125 -7.453
GBPPLN -140.277 -140.277
GBPSEK -66.108 -176.181
GBPSGD -24.444 -27.844
GBPTRY -199.847 -199.847
GBPUSD -5.391 -0.930
GBPZAR -50.006 -2.396
HKDCNH -270.288 -270.288
HKDJPY -11.134 -12.567
MXNJPY -7.575 -11.647
NOKJPY -0.393 -2.526
NOKSEK -4.790 -6.619
NOKSGD -55.176 -55.176
NZDCAD -13.264 -12.704
NZDCHF 3.156 -8.545
NZDCNH -254.508 -394.509
NZDJPY 6.729 -14.019
NZDSGD -19.787 -23.087
NZDUSD -2.604 -1.499
PLNJPY -2.602 -2.602
SEKJPY -0.374 -2.091
SGDJPY -0.984 -21.464
TRYJPY -4.414 -11.881
USDCAD -3.033 -3.923
USDCHF 8.262 -11.738
USDCNH -29.492 -115.172
USDCZK -19.406 -19.406
USDDKK -182.232 -182.232
USDHKD -18.563 -158.896
USDHUF -94.830 -94.830
USDILS -47.656 -47.656
USDJPY 14.493 -20.256
USDMXN -475.026 134.974
USDNOK 29.291 -133.326
USDPLN -83.618 -20.378
USDRUB -211.365 -211.365
USDSAR -10.965 -10.965
USDSEK -1.402 -193.500
USDSGD -15.866 -23.456
USDTHB -293.479 -293.479
USDTRY -2634.545 -1150.245
USDZAR -263.335 34.935
XAGEUR -2.770 0.057
XAGUSD -4.006 1.723
XAUEUR -25.133 -1.803
XAUTRY -5813.212 -2030.396
XAUUSD -26.936 20.467
XPDEUR -22.305 -14.035
XPDUSD -31.712 -2.745
XPTEUR -10.026 -9.730
XPTUSD -15.367 -3.134
Latest update was at 08/02/2023
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HOW DO I CALCULATE SWAPS & ROLLOVERS?

Learn how to calculate overnight fees

If you trade forex of CFDs on a "spot" basis on MT4/5, most trades settle two business days (T+2 pairs) from inception - however some pairs (like USDCAD, USDRUB & USDTRY) are settled on a one business day basis (or ‘T+1’). All positions left open from 23:59:45 to 23:59:59 (server time) will be rolled over to a new value date – and as such are subject to the swap charges we listed above.

How do weekend rollovers work?

When you roll an open position from Wednesday to Thursday (T+2 pairs) on a trade date basis, Monday of the following week becomes the new value date (or ‘settlement date’), instead of Saturday. This means the rollover charge on a Wednesday evening will be three times the value indicated in the table. The same occurs for a T+1 pair on a Thursday. This is to reflect how the value date of an FX position rolls in the underlying market.

If US30 is subject to costs of 0.75 for short and -3.25 for long, and your open position for one week has 1 lot (100,000 USD):

Long Charge for 1 week: - 3.25 x 7 = USD -22.75

Short Credit for 1 week: -0.75 x 7 = USD -5.25

If your account is in another currency than the P/L currency, then the result needs to be converted to the account currency at the spot exchange rate of the two currencies.

If GBPUSD is subject to costs of 1.96 for short and -4.32 for long, and you have traded 1 lot (100,000 GBP).

Long Charge for 1 week: - 4.32 x 7 = USD -30.24

Short Credit for 1 week: 1.96 x 7 = USD +13.72

If your account is in another currency than the P/L currency, then the result needs to be converted to the account currency at the spot exchange rate of the two currencies.

If today is Monday & the EURUSD value date is Wednesday; then at 5pm NYT (21:00 GMT) Monday night the EURUSD’s value date will roll from Wednesday to Thursday (1 calendar day). In this example, the swap value is 10 MT4 points per day - which is quoted as ‘10’ in our rollover rates below - so the rate will be calculated is 10 (1 * 10).

If today is Wednesday & the EURUSD value date is Friday; then at 5 pm NY time (9 pm GMT) Wednesday night the EURUSD’s value date will roll from Friday to Monday (3 calendar days) as markets close and positions cannot be altered over the weekend. In this example, the swap value would be 30 MT4 points (10pts/day) - as even though it’s quoted as 10, the rate on Wednesday nights will be automatically calculated by MT4 as 30 (3*10).

In the event of a holiday, the value dates roll in line with market convention.

If today is Wednesday, the EURUSD value date is Friday but there’s a holiday on Monday; then at 5 pm NY time (9 pm GMT) Wednesday night the EURUSD’s value date will roll from Friday to Tuesday (it can’t roll to Monday as Monday is a holiday) which is 4 calendar days. So in this example, the swap value is 40 MT4 points (10pts/day). We quote “13.33” as MT4 knows that on a Wednesday it will charge 3 times the value we input. 3 * 13.33 = 40.

Financing Fees FAQs

What do rollover costs mean?

The financing cost for your CFD trade is referred to as ‘rollover.' This is the interest paid depending on the size of the position and for holding a position past 20:45 GMT. For index CFDs, any dividend adjustments issued are included in the rollover amount as well. 

The formula for financing cost is as follows:

Closing Price of the Index * the interest rate / 100 / Number of Days +/- Dividends * Trade Size.

Pay attention to open positions on Fridays. If you hold a position over the weekend, the rollover is charged 3 times as you’ll be unable to close a position until the markets open on Monday AM.

To avoid rollover charges, make sure to close any open positions before 20:45 GMT.

A pip, short for ‘point in percentage’, is a very small measure of change in a currency pair in the forex market. It can be measured in terms of the quote or the underlying currency. A pip is a standardised unit for the smallest amount by which a currency quote can change. It is usually $0.0001 for USD-related currency pairs. A fractional pip or point is equivalent to 1/10 of a pip. There are 10 points to every 1 pip.

The basic contract unit of the Retail Foreign Exchange is called a ‘lot’.

The standard lot size is 100,000 units of the base currency (1st currency in the currency pair), however you can also trade multiples or fractions of lots. The minimum at Equiti is 0.01 lot.

Example: Buying 1 lot on the GBP/USD market is the equivalent to buying £100,000 and selling the equivalent amount of USD at the current rate.

Lot Size              Units of base currency (First currency)

1                            100,000

0.1                         10,000

0.01                       1,000

We offer leverage through the use of margins, where we provide borrowed funds from our deep liquidity pool to increase your trading position. This means traders can increase their market exposure by paying a fraction of the initial investment. In practice, 1:20 leverage means you can invest $10 and trade with $200 - allowing for higher potential gains AND losses. Make sure you understand your risk appetite. Try to minimise your losses by using stop loss tools or other risk management strategies. 

We offer up to 1:500 leverage on selected products including precious metals, gold, oil & natural gas commodity CFDs.

CFDs or ‘contracts for difference’ are derivative products designed so that you can trade on the price change of an underlying asset.

This means you can trade on the price movements or performance of assets without needing to own them outright - which allows you to go long or short and potentially benefit from either rising or falling markets.

Start trading commodity CFDs

You can also trade CFD indices such as the US500, UK100, AUS200, China50 & Sing30.

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