CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Risk Warning.

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Swap Rates Calculation

Posted on: 15 May 2013 , by: Pepperstone Support , category: About Trading

Swap rates determine the cost / payment for holding a position overnight. This occurs at 00:00 Server time, on any trades held to this point.

Should you need basic information regarding swaps, please see this page here.

In order to calculate the payments / interest, you first need to take the swap long / short rate of the currency pair in question. In this example we will be opening a buy trade for 1 lot on AUDUSD.

Swap Rates

The swap long means for every rollover, you will receive 6.4 point (0.64 pips) per 1 lot. Therefore, the account will receive $6.4 USD per rollover (0.64*10).