We do not charge any fees for forex or CFD products apart from swaps, swap-free administration fees.
Swap Fees
Swaps apply to trades held past rollover (23:58 – 00:02 platform time). They are tripled on Wednesdays or Fridays, depending on the instrument.
What is Swap?
Swap refers to the interest rate differential between the currencies in a currency pair when holding a position overnight. It represents the cost or reward of keeping a position open beyond the trading day's close.
Swaps can be positive or negative, depending on the interest rate difference between the two currencies.
When traders hold a position overnight, they effectively borrow one currency to buy another, and the swap reflects the cost of this borrowing. Swaps are calculated daily and can significantly impact the profitability of long-term trading strategies.
Swap-Free Administration Fees
Positions held overnight on swap-free accounts incur administrative charges.