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, 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.

holiday-hours
Latest update was at 2022-05-25
Symbol Long Short
AUDCAD -5.143 -0.923
AUDCHF 0.000 0.000
AUDCNH -176.972 -123.639
AUDDKK 0.000 0.000
AUDHKD -155.789 -166.189
AUDJPY -1.637 -5.056
AUDNZD -19.859 -12.611
AUDSGD -35.313 -30.233
AUDUSD -3.537 -0.405
AUS200Roll -2.470 -1.530
BCHUSD -25.700 -24.300
BTCUSD -25.700 -24.300
CADCHF 0.000 0.000
CADJPY 0.963 -7.503
CADSGD -13.491 -12.877
CHFJPY 0.000 0.000
CHFNOK 0.000 0.000
CHFPLN 0.000 0.000
CHFSGD 0.000 0.000
CHINA50Roll -3.870 -0.130
CHshares -2.190 -1.810
CNHJPY -21.492 -24.292
DE30Roll -1.460 -2.540
DE30Rollc -1.460 -2.540
ESP35Roll -1.460 -2.540
ETHUSD -25.700 -24.300
EU50Roll -1.460 -2.540
EURAUD -8.191 1.433
EURCAD -10.649 4.625
EURCHF 0.000 0.000
EURCZK -74.159 11.335
EURDKK 0.000 0.000
EURGBP -7.621 2.005
EURHKD -126.228 -83.428
EURHUF -130.503 32.484
EURILS -13.701 -14.179
EURJPY -4.496 -0.992
EURMXN -896.656 407.391
EURNOK 0.000 0.000
EURNZD -29.092 -7.633
EURPLN -149.572 37.575
EURRUB -3.978 -1.363
EURSEK 0.000 0.000
EURSGD -44.096 -27.056
EURTRY -3341.335 1238.365
EURUSD -8.336 4.045
EURZAR -47.596 18.651
FRA40Roll -1.460 -2.540
GBPAUD 0.785 -7.451
GBPCAD -3.524 -3.540
GBPCHF 0.000 0.000
GBPCNH -181.927 -126.793
GBPDKK 0.000 0.000
GBPHKD -119.781 -182.181
GBPJPY 3.967 -9.824
GBPNOK 0.000 0.000
GBPNZD -12.801 -9.020
GBPPLN -138.289 1.577
GBPSEK 0.000 0.000
GBPSGD -41.683 -40.883
GBPTRY -1179.905 524.468
GBPUSD -3.531 -2.872
GBPZAR -58.985 -5.972
HK50Roll -2.190 -1.810
HKDCNH -118.185 -118.185
HKDJPY -14.804 -15.047
INDIA50Roll -6.620 2.620
JP225Roll -1.950 -2.050
LTCUSD -25.700 -24.300
MXNJPY -6.813 -9.989
NOKJPY 0.000 0.000
NOKSEK 0.000 0.000
NOKSGD 0.000 0.000
NZDCAD -14.496 -16.124
NZDCHF 0.000 0.000
NZDCNH -148.171 -141.504
NZDJPY 1.175 -7.445
NZDSGD -36.128 -37.728
NZDUSD -0.725 -2.332
PLNJPY 0.819 -8.328
RUSS2000 -2.690 -1.310
SEKJPY 0.000 0.000
SGDJPY -11.096 -19.309
TRYJPY 1.612 -6.521
UK100Roll -2.890 -1.110
UKOILRoll 96.960 -156.960
US30Roll -2.690 -1.310
US30Rollc -2.690 -1.310
US500Roll -2.690 -1.310
US500Rollc -2.690 -1.310
USDCAD -2.258 -2.058
USDCHF 0.000 0.000
USDCNH -103.528 -77.168
USDCZK -60.871 1.769
USDDKK 0.000 0.000
USDHKD -90.237 -107.091
USDHUF -108.763 16.544
USDILS -55.792 -83.259
USDJPY 2.463 -8.061
USDMXN -735.459 279.715
USDNOK 0.000 0.000
USDPLN -120.449 9.937
USDRUB -1309.465 595.535
USDSAR 0.000 0.000
USDSEK 0.000 0.000
USDSGD -28.293 -26.827
USDTHB -1494.799 -1137.465
USDTRY -1688.759 208.541
USDZAR -324.099 134.168
USOILRoll 88.260 -148.260
UT100Roll -2.690 -1.310
UT100Rollc -2.690 -1.310
VIXRoll -48.600 -12.900
XAGEUR -0.968 -2.288
XAGUSD -1.555 -0.576
XAUEUR -12.568 -19.971
XAUTRY -5899.089 1921.551
XAUUSD -9.368 1.973
XPDEUR -9.667 -29.339
XPDUSD -4.384 -4.384
XPTEUR -4.196 -18.901
XPTUSD -7.903 -13.636
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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, 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.

Frequently asked questions

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 1:400 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.


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


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