CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.76% of retail investor accounts lose money when trading 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 your money.
70% of retail investor accounts lose money when trading CFDs with this provider.
81.76% of retail investor accounts lose money when trading CFDs with this provider.

How to calculate SWAP Value for each asset type we offer exposure to

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Author: Joseph Jeffriess
In order to calculate what will be the SWAP rate for a specific asset you would need to first check the SWAP rate for a Long(Buy) position and for a Short(Sell) position.
This can be found in the “Specifications” window for the asset, by right-clicking in the MT4/5 platform Market Watch – Right-click on the instrument in question and then select Specifications.
Please note that SWAP rates are variables and are subject to change as per the constantly changing Market Conditions! Therefore, the examples below are solely instructional and this is why, we advise you to check the Specifications page for each instrument before executing a trade!

FOREX, Metals, and Oil SWAP:

Below you will see the SWAP type (how it is calculated), the two rates for holding a buy/sell Trade overnight, and when the Triple swap is actioned.

For example the EURUSD the SWAP rate for a holding long/BUY position is -8.278045, to calculate what will be the $ that is charged at the end of the day at 00:00, you need to multiply the SWAP rate with the lots and the nights it was active:

SWAP Rate * Lots(Volume) * Nights = SWAP rate in the second currency.

If we opened a long position (Buy) for 1 lot (volume) of EURUSD and held it overnight(1 night), the SWAP we are charged would be: -8.278045 * 1 * 1 = -8.278045 USD charged.

Please note that for those markets each WEDNESDAY, EIGHTCAP SWAPs are enforced in triple size because of the closed market during the weekend!!!

As the Metals markets along with the Oil markets overnight charges are also calculated in points, the very same formula and calculation methods apply:

STOCKS SWAP Calculation:

Like all other assets, you can check the SWAP rates for the specific stock in the “Specifications” window in MT4/5:

The stocks’ SWAP rate is calculated in percentage terms of the current stock price, in this case, for APPLE Share the SWAP Long/BUY is -2.587, and the percentage is for the Annual SWAP charge so you have to divide it by 365.

The formula to calculate what you will be charged for holding an Apple Share overnight is as follows:

Тhe lots(volume) * The contract size * The current stock price * ((The SWAP rate/ 100) / 365)

Therefore, and if we are to show an example with Apple SWAP:

1 * 100 * 154.24 * ((-2.587/100) / 365) = -1.093

For stocks, the triple SWAP is enforced on Monday!

Crypto SWAP Calculation:

The Crypto markets currently have pre-set Annual swap rates of -15% on long/BUY positions and 1% on short/SELL positions.

Here is the calculation formula:

(Lots(volume) * Current price * Long(Buy) or Short(Sell) rate / 100 )/ 360

For example:

  • Bitcoin Long – (1 * 19 322.50 * -15/100 ) / 365 = -10.57 USD
  • Bitcoin short – (1 * 19 322.50 * 1/100)/ 365 = +0.52 USD
No Triple SWAP for the Crypto Currencies markets as they are also active over the weekends and Bank Holidays!

Indices SWAP:

In the case of Indices, like Forex, the SWAP rate is calculated in points:

To calculate the SWAP rate for indices you need to multiply the Rate by the lots(Volume) and then by the nights it was held on the market.

SWAP Rate Long/Short * lots(Volume) * Nights held = SWAP charge

For example:

  • US30 Long – 38.197 * 1 * 1 = 38.197 USD
  • US30 Short – (1.201) * 1 * 1 = 1.201 USD
The Indexes’ Triple SWAP is enforced each Friday!

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