What are swap or overnight fees, and how are they calculated?
A swap or overnight fees also known as “rollover fee” is charged when you have open trades position overnight.
The swap formula for a Contract for Difference (CFD) position varies based on "Swap Type" in product "Specification" which:
Swap in points = Swap (long or short) * Contract Size * 10^(-Digits) * Lot * Nights
Swap in currency = Swap (long or short) * Lot * Nights
Swap in percentage = Swap / 100 / 360 * Contract Size * EOD price * Lot * Nights
*Note: Swap fees would be charged for all our spot products except for futures products.