How are traders affected by swap charges?

Swap charges are released on a daily basis by the financial institutions which Fortrade works with, and are calculated and determined according to various risk management criteria and market conditions. The swap premium is calculated in the following manner:

Pip Value (depending on trade size) * Swap rate in pips * Number of nights = Swap charge/credit.

👉 Forex Example:

You open a short position (Sell) on EUR/USD for 1 lot with an account based in USD:

1 Lot = 100,000

1 Pip Value = 10 USD

Swap Rate = -3.2839 Points (equivalent to 0.32839 Pips)

Number of Nights = 1

Swap Premium: 10 * -0.32839 * 1 = -3.2839 USD

👉 CFDs Example:

You open a long position (Buy) on Crude oil for 1 lot (1,000 barrels) with an account based in USD:

Swap Rate = -0.3807

1 Cent Value = 10 USD

Number of Nights = 1

Swap Premium: 10 * -0.3807 * 1 = -3.807 USD

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Risk Warning and Disclaimer

All CFDs, including cryptocurrency CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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Fortrade Authorised and Regulated Entities:

Fortrade Ltd., 43-45 Dorset Street, London, W1U 7NA, London, United Kingdom. Office: Michelin House, 81 Fulham Road, London. SW3 6RD. Authorised and regulated in UK by the Financial Conduct Authority (FCA), FRN: 609970.

Fortrade Canada Limited, 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver BC V7X 1T2, Canada. Regulated by the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). CRN: BC1148613.

Fort Securities Australia Pty Ltd. (T/A Fortrade Australia), Level 5, 20 Bond Street, Sydney NSW 2000. Licensed and regulated by the Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520.

Fortrade Cyprus Ltd, Office 302, Abbey Tower, Block A, 34, Kosta Partasides Street, 3030 Limassol, Cyprus. Regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20.

Fortrade Mauritius Ltd. The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius. Authorised and regulated by Financial Services Commission, Mauritius (FSC), SEC-2.1B investment dealer number: GB21026472.

Fortrade (DIFC) Limited is a company incorporated in the Dubai International Financial Centre (“DIFC”), Unit N704 B, Level 7, Emirates Financial Towers, DIFC, Dubai, United Arab Emirates, and regulated by the Dubai Financial Services Authority (“DFSA”) under Licence No. F009856.