Spreads, commissions and swaps

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 

Indices 

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.

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