Hello traders! We have some fantastic news to share. Starting December 23rd, 2023, we\u2019re making a big move in our trading platform\u2014we’re shifting to a point-based swap rate system for index CFDs.<\/p>\n\n\n\n
We\u2019re saying goodbye to the old percentage-based calculations. Our new point-based method is all about clarity and ease. We want to make understanding your trading costs as simple as possible.<\/p>\n\n\n\n
Let\u2019s break it down with an example.<\/p>\n\n\n\n If one of the 2 charged nights is a Wednesday, a triple charge will apply. Here’s an example.<\/p>\n\n\n\n The direction of the market and your open position determines if the swap is positive (credited) or negative (debited).<\/p>\n\n\n\nParameter<\/td> Value<\/td><\/tr> Account Currency<\/td> EUR<\/td><\/tr> Symbol<\/td> EU50<\/td><\/tr> Contract Size<\/td> 10<\/td><\/tr> Lots<\/td> 1<\/td><\/tr> Swap Rate<\/td> -3<\/td><\/tr> Number of Nights<\/td> 2<\/td><\/tr> Calculation<\/td> (1 Lot \u00d7 10 Contract Size \u00d7 0.01 Point Size) \u00d7 -3 Swap Rate \u00d7 2 Nights<\/td><\/tr> Result<\/td> -0.6 EUR<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Triple Charge on Wednesdays<\/h3>\n\n\n\n
Parameter<\/td> Value<\/td><\/tr> Account Currency<\/td> EUR<\/td><\/tr> Symbol<\/td> EU50<\/td><\/tr> Contract Size<\/td> 10<\/td><\/tr> Lots<\/td> 1<\/td><\/tr> Swap Rate<\/td> -3<\/td><\/tr> Number of Nights<\/td> 2 (Including Wednesday)<\/td><\/tr> Calculation<\/td> (1 Lot \u00d7 10 Contract Size \u00d7 0.01 Point Size) \u00d7 -3 Swap Rate \u00d7 4 Nights (Triple Charge)<\/td><\/tr> Result<\/td> -1.2 EUR<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Impact on Your Trades<\/h3>\n\n\n\n
Got Questions?<\/h3>\n\n\n\n