Spreads, Swaps and Commissions

Daily overnight fee/credit = 1 pip x (Trade size [or notional amount] x Tom-next)

*Our Tom-next rates are sourced from top-tier global investment banks. These rates are updated daily to reflect the dynamic overnight fee market.

Note: Our commodity metals overnight fees are also calculated in the same way.

Daily overnight fee/credit = (Closing market price x Trade size x (Our fee* +/- ARR or IBOR)) / 360

*Our fee is 2.5%. If you hold a long position, you will pay ARR/IBOR. If you hold a short position, you will receive this fee. For more information about ARR/IBOR or other interbank reference rates, please see the link.

Daily overnight fee/credit = (Trade size x (Basis* +/- Our fee**))


*The basis is calculated as (P3 - P2) / (T2 - T1), where:

P2 = Price of the current month futures contract

P3 = Price of the next month futures contract

T1 = Expiry date of the prior month's futures contract

T2 = Expiry date of the current month's futures contract

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

Daily overnight fee/credit = (Closing market price x Trade size x (Our fee* +/- ARR or IBOR)) / 360


*Our fee is 2.5%. If you hold a long position, you will pay ARR/IBOR. If you hold a short position, you will receive ARR/IBOR.

For more information about ARR/IBOR or other interbank reference rates, please visit the link.