Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.3% of retail investor accounts lose money when trading Online Forex/CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.

FINANCING FEES

Know our financing fees

Trade smarter by understanding how we calculate financing charges based on asset class, holiday & trading hours.

SWAPS & ROLLOVERS

What are swaps & rollovers?

Trading markets take holidays too, be prepared for upcoming dates that may impact your open positions by causing extended rollover periods.

As we do not offer the physical delivery of assets, we adjust the price on some products for rolling the settlement day and allowing you to keep the position open. We recommend you always check the rollover fees (or “swaps”) per product to protect your trading strategy. 

Things to consider:

  • When you trade forex of CFDs on a "spot" basis on MT4 or MT5, most trades settle two business days (T+2 pairs) from inception - however some pairs (like USDCAD, USDRUB & USDTRY) are settled on a one business day basis (or ‘T+1’).
  • Different asset classes settle on different days, our financing costs are calculated on a per position basis and that they may be charged to your account.
  • Formula for forex & oil CFDs: Lots x Contract Size x Long/Short Swap x Point Size
  • Formula for share & index CFDs: (Long/Short Swap)/360/100 x Closing Price x Lots

To learn more, check our FAQs page or see our holiday trading hours.

Download this quarter’s list of rollovers by product.

Swaps and Rollovers
CURRENT SWAPS

Swap rates by product

Symbol Long Short
AUDCAD -3.903 -0.884
AUDCHF 2.697 -6.884
AUDCNH -140.182 -160.182
AUDDKK -21.896 -21.896
AUDHKD -114.972 -112.572
AUDJPY 0.000 0.000
AUDNZD -5.804 0.410
AUDSGD -17.972 -19.422
AUDUSD -3.572 0.747
CADCHF 3.233 -9.653
CADJPY 0.000 0.000
CADSGD -4.889 -9.719
CHFJPY 0.000 0.000
CHFNOK -57.810 -57.810
CHFPLN -21.286 -21.286
CHFSGD -18.534 2.114
CNHJPY 0.000 0.000
EURAUD -4.060 -1.671
EURCAD -5.984 1.144
EURCHF 3.438 -9.767
EURCZK -43.854 -43.854
EURDKK -65.391 -65.391
EURGBP 0.000 0.000
EURHKD -133.255 -114.855
EURHUF -34.149 -34.149
EURILS -10.952 -10.952
EURJPY 0.000 0.000
EURMXN -514.916 203.232
EURNOK -73.617 -40.601
EURNZD -20.896 -9.236
EURPLN -60.487 -16.197
EURRUB -8.659 -8.659
EURSEK -61.871 -66.687
EURSGD -24.050 -25.180
EURTRY -3714.548 -550.448
EURUSD -7.023 3.069
EURZAR -34.907 11.465
GBPAUD 0.000 0.000
GBPCAD 0.000 0.000
GBPCHF 0.000 0.000
GBPCNH 0.000 0.000
GBPDKK 0.000 0.000
GBPHKD 0.000 0.000
GBPJPY 0.000 0.000
GBPNOK 0.000 0.000
GBPNZD 0.000 0.000
GBPPLN 0.000 0.000
GBPSEK 0.000 0.000
GBPSGD 0.000 0.000
GBPTRY 0.000 0.000
GBPUSD 0.000 0.000
GBPZAR 0.000 0.000
HKDCNH -95.875 -95.875
HKDJPY 0.000 0.000
MXNJPY 0.000 0.000
NOKJPY 0.000 0.000
NOKSEK -3.296 -6.530
NOKSGD -17.609 -17.609
NZDCAD -1.746 -3.510
NZDCHF 4.068 -7.604
NZDCNH -124.809 -164.809
NZDJPY 0.000 0.000
NZDSGD -15.618 -21.118
NZDUSD -2.149 -0.634
PLNJPY 0.000 0.000
SEKJPY 0.000 0.000
SGDJPY 0.000 0.000
TRYJPY 0.000 0.000
USDAED -4.573 -4.573
USDCAD 0.044 -3.894
USDCHF 6.369 -12.421
USDCNH -17.317 -31.623
USDCZK -40.818 -40.818
USDDKK -60.866 -60.866
USDHKD -69.370 -113.370
USDHUF -31.784 -31.784
USDILS -50.975 -50.975
USDJPY 0.000 0.000
USDMXN -413.928 122.802
USDNOK -26.318 -80.607
USDPLN -49.520 -39.760
USDRUB -211.365 -211.365
USDSAR -32.882 -32.882
USDSEK -51.428 -140.381
USDSGD -15.993 -27.493
USDTHB 0.000 0.000
USDTRY -3279.933 -1118.733
USDZAR -378.775 -86.775
XAGEUR 0.000 0.000
XAGUSD 0.000 0.000
XAUEUR 0.000 0.000
XAUTRY 0.000 0.000
XAUUSD 0.000 0.000
XPDEUR 0.000 0.000
XPDUSD -6.156 -6.156
XPTEUR 0.000 0.000
XPTUSD 0.000 0.000
Latest update was at 03/05/2024
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HOW DO I CALCULATE SWAPS & ROLLOVERS?

Learn how to calculate overnight fees

If you trade forex of CFDs on a "spot" basis on MT4/5, most trades settle two business days (T+2 pairs) from inception - however some pairs (like USDCAD, USDRUB & USDTRY) are settled on a one business day basis (or ‘T+1’). All positions left open at 23:59 (server time) will be rolled over to a new value date – and as such are subject to the swap/rollover adjustments we listed above.

How do weekend rollovers work?

When you roll an open position from Wednesday to Thursday (T+2 pairs) on a trade date basis, Monday of the following week becomes the new value date (or ‘settlement date’), instead of Saturday. This means the swap/rollover adjustment on a Wednesday evening will be three times the value indicated in the table. The same occurs for a T+1 pair on a Thursday. This is to reflect how the value date of an FX position rolls in the underlying market.

If the US30Roll swaps are -8.3 for long positions and 2.3 for short positions and you have traded 1 lot:

Long Charge for 1 day: -8.3 / 360 / 100 * 1 (Volume) * 38,000 (EOD Price) = -8.76 USD

Short Credit for 1 day: 2.3 / 360 / 100 * 1 (Volume) * 38,000 (EOD Price) = 2.42 USD

If your account is in another currency than the P/L currency, then the result needs to be converted to the account currency at the spot exchange rate of the two currencies.

If the EURUSD swaps are -6.83 for long positions and 2.96 for short positions and you have traded 1 lot (100,000 EUR):

Long Charge for 1 day: 1 * 100,000 * -6.93 * 0.00001 (Point Size*) = -6.93 USD

Short Credit for 1 day: 1 * 100,000 * 2.96 * 0.00001 (Point Size*) = 2.96 USD


If the USDJPY swaps are 11.94 for long positions and 26.21 for short positions and you have traded 1 lot (100,000 USD):

Long Credit for 1 day: 1 * 100,000 * 11.94 * 0.001 (Point Size*) = 1,194 JPY

Short Credit for 1 day: 1 * 100,000 * -26.21 * 0.001 (Point Size*) = -2,621 JPY

If your account is in another currency than the P/L currency, then the result needs to be converted to the account currency at the spot exchange rate of the two currencies.

*Point Size is the maximum number of decimals that each FX product is priced to. For example, EURUSD is priced 5dp therefore the point size is 0.00001. USDJPY is priced to 3 decimals therefore the Point Size is 0.001.

If today is Monday & the EURUSD value date is Wednesday; then at 5pm NYT (21:00 GMT) Monday night the EURUSD’s value date will roll from Wednesday to Thursday (1 calendar day). In this example, the swap value is 10 MT4 points per day - which is quoted as ‘10’ in our rollover rates below - so the rate will be calculated is 10 (1 * 10).

If today is Wednesday & the EURUSD value date is Friday; then at 5 pm NY time (9 pm GMT) Wednesday night the EURUSD’s value date will roll from Friday to Monday (3 calendar days) as markets close and positions cannot be altered over the weekend. In this example, the swap value would be 30 MT4 points (10pts/day) - as even though it’s quoted as 10, the rate on Wednesday nights will be automatically calculated by MT4 as 30 (3*10).

In the event of a holiday, the value dates roll in line with market convention.

If today is Wednesday, the EURUSD value date is Friday but there’s a holiday on Monday; then at 5 pm NY time (9 pm GMT) Wednesday night the EURUSD’s value date will roll from Friday to Tuesday (it can’t roll to Monday as Monday is a holiday) which is 4 calendar days. So in this example, the swap value is 40 MT4 points (10pts/day). We quote “13.33” as MT4 knows that on a Wednesday it will charge 3 times the value we input. 3 * 13.33 = 40.

FAQs

Questions about Financing Fees

What do rollover costs mean?

The financing cost for your CFD trade is referred to as ‘rollover.' This is the interest paid depending on the size of the position and for holding a position at 23:59 server time (server time is New York time). For index CFDs, any dividend adjustments issued are included in the rollover amount as well. 

The formula for financing cost is as follows:
Closing Price of the Index * the interest rate / 100 / Number of Days +/- Dividends * Trade Size.

Pay attention to open positions on Fridays. If you hold a position over the weekend, the rollover is 3 times as you’ll be unable to close a position until the markets open on Monday AM.

To avoid rollover charges, make sure to close any open positions before 23:59 server time (server time is New York time).

A pip, short for ‘point in percentage’, is a very small measure of change in a currency pair in the forex market. It can be measured in terms of the quote or the underlying currency. A pip is a standardised unit for the smallest amount by which a currency quote can change. It is usually $0.0001 for USD-related currency pairs. A fractional pip or point is equivalent to 1/10 of a pip. There are 10 points to every 1 pip.

The basic contract unit of the Retail Foreign Exchange is called a ‘lot’.

The standard lot size is 100,000 units of the base currency (1st currency in the currency pair), however you can also trade multiples or fractions of lots. The minimum at Equiti is 0.01 lot.

Example: Buying 1 lot on the GBP/USD market is the equivalent to buying £100,000 and selling the equivalent amount of USD at the current rate.


Lot Size | Units of base currency (First currency)

1 | 100,000

0.1 | 10,000

0.01 | 1,000

We offer leverage through the use of margins, where we provide borrowed funds from our deep liquidity pool to increase your trading position. This means traders can increase their market exposure by paying a fraction of the initial investment. In practice, 1:20 leverage means you can invest $10 and trade with $200 - allowing for higher potential gains AND losses. Make sure you understand your risk appetite. Try to minimise your losses by using stop loss tools or other risk management strategies.

We offer up to 1:500 leverage on selected products including precious metals, gold, oil & natural gas commodity CFDs.

CFDs or ‘contracts for difference’ are derivative products designed so that you can trade on the price change of an underlying asset. This means you can trade on the price movements or performance of assets without needing to own them outright - which allows you to go long or short and potentially benefit from either rising or falling markets.

Trade commodity CFDs

You can also trade CFD indices such as the US500, UK100, AUS200, China50 & Sing30.

Trade index CFDs

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