Check out our FAQ page here for questions about the unavailability of MT4/MT5 on the Apple App store.

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 0.000 0.000
AUDCHF 0.000 0.000
AUDCNH 0.000 0.000
AUDDKK 0.000 0.000
AUDHKD 0.000 0.000
AUDJPY 25.132 -30.420
AUDNZD 0.000 0.000
AUDSGD 0.000 0.000
AUDUSD 0.000 0.000
CADCHF 0.000 0.000
CADJPY 35.075 -40.339
CADSGD 0.000 0.000
CHFJPY -2.054 -3.728
CHFNOK 0.000 0.000
CHFPLN 0.000 0.000
CHFSGD 0.000 0.000
CNHJPY -18.052 -20.342
EURAUD 0.000 0.000
EURCAD 0.000 0.000
EURCHF 0.000 0.000
EURCZK 0.000 0.000
EURDKK 0.000 0.000
EURGBP 0.000 0.000
EURHKD 0.000 0.000
EURHUF 0.000 0.000
EURILS 0.000 0.000
EURJPY 0.964 -5.333
EURMXN -666.810 332.189
EURNOK 0.000 0.000
EURNZD 0.000 0.000
EURPLN 0.000 0.000
EURRUB -21.088 -21.088
EURSEK 0.000 0.000
EURSGD 0.000 0.000
EURTRY 0.000 0.000
EURUSD 0.000 0.000
EURZAR 0.000 0.000
GBPAUD 0.000 0.000
GBPCAD 0.000 0.000
GBPCHF 0.000 0.000
GBPCNH 0.000 0.000
GBPDKK 0.000 0.000
GBPHKD 0.000 0.000
GBPJPY 8.327 -12.826
GBPNOK 0.000 0.000
GBPNZD 0.000 0.000
GBPPLN 0.000 0.000
GBPSEK 0.000 0.000
GBPSGD 0.000 0.000
GBPTRY 0.000 0.000
GBPUSD 0.000 0.000
GBPZAR 0.000 0.000
HKDCNH 0.000 0.000
HKDJPY -12.630 -12.630
MXNJPY -7.915 -11.851
NOKJPY -0.823 -3.123
NOKSEK 0.000 0.000
NOKSGD 0.000 0.000
NZDCAD 0.000 0.000
NZDCHF 0.000 0.000
NZDCNH 0.000 0.000
NZDJPY 5.057 -9.771
NZDSGD 0.000 0.000
NZDUSD 0.000 0.000
PLNJPY -2.591 -2.591
SEKJPY -0.536 -1.780
SGDJPY -3.531 -21.731
TRYJPY 9.940 -18.970
USDCAD -4.139 -4.812
USDCHF 0.000 0.000
USDCNH 0.000 0.000
USDCZK 0.000 0.000
USDDKK 0.000 0.000
USDHKD 0.000 0.000
USDHUF 0.000 0.000
USDILS 0.000 0.000
USDJPY 10.625 -14.997
USDMXN -538.295 201.173
USDNOK 0.000 0.000
USDPLN 0.000 0.000
USDRUB -281.820 -281.820
USDSAR 0.000 0.000
USDSEK 0.000 0.000
USDSGD 0.000 0.000
USDTHB 0.000 0.000
USDTRY -2577.532 88.801
USDZAR 0.000 0.000
XAGEUR 0.000 0.000
XAGUSD 0.000 0.000
XAUEUR 0.000 0.000
XAUTRY 0.000 0.000
XAUUSD 0.000 0.000
XPDEUR 0.000 0.000
XPDUSD -15.023 -15.023
XPTEUR 0.000 0.000
XPTUSD 0.000 0.000
Latest update was at 06/10/2022
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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.


Start trading index CFDs

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