Margin Requirements & Financing costs

Financing costs (Swaps)

At 5pm (New York time), all floating CFD trading positions may be subject to a charge called a financing costs (swap).

The financing costs can be positive or negative depending on whether you hold a buy or a sell position.

Forward contracts on indices, forex, commodities and treasuries are not subject to holding costs.

Learn more about Financing costs.

Holding costs for indices are based on the underlying interbank rate of the index (see table) plus 0.0082% on buy positions and minus 0.0082% on sell positions.

Holding costs for CFD trades on cryptocurrencies are calculated in line with our existing instruments. Overnight holding costs for Bitcoin/USD are 0.0685% on long positions, and minus 0.0137% on short positions. Overnight holding costs for all other cryptocurrencies are 0.0753% on long positions, and minus 0.0274% on short positions.

For share CFDs, holding costs are based on the underlying interbank rate for the currency of the relevant share (see table) plus 0.0082% on buy positions and minus 0.0082% on sell positions.

FX holding costs are based on the tom-next (tomorrow to next day) rate in the underlying market for the currency pair and are expressed as an annual percentage.
Holding rates for cash commodities Holding rates for and treasuries are based on the inferred holding costs built into the underlying futures contracts, from which the prices of our cash commodity and treasury products are derived.