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.
Please be aware that:
- When you trade forex of CFDs on a "spot" basis on 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
MINIMAL RATES
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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 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’). 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.
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 US30 is subject to costs of 0.75 for short and -3.25 for long, and your open position for one week has 1 lot (100,000 USD):
Long Charge for 1 week: – 3.25 x 7 = USD -22.75
Short Credit for 1 week: -0.75 x 7 = USD -5.25
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 GBPUSD is subject to costs of 1.96 for short and -4.32 for long, and you have traded 1 lot (100,000 GBP).
Long Charge for 1 week: – 4.32 x 7 = USD -30.24
Short Credit for 1 week: 1.96 x 7 = USD +13.72
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 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 MT5 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 MT5 points (10pts/day) – as even though it’s quoted as 10, the rate on Wednesday nights will be automatically calculated by MT5 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 MT5 points (10pts/day). We quote “13.33” as MT5 knows that on a Wednesday it will charge 3 times the value we input. 3 * 13.33 = 40.
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Financing Fees FAQs
You can deposit and withdraw funds securely into your ANB Capitals Account with credit cards, eWallets, bank transfers, local solutions and crypto wallets. Learn more about our funding methods on our Deposits & Withdrawals page.
