Execution and leverage information

Commissions & Swap Charges

Understand the costs involved with your trades

Commission Charges

FxPro clients can expect commission charges only on FX pairs & Spot Metals on the FxPro cTrader platform. FxPro charges $35 per million USD traded. If a trading account is denominated in a currency other than USD, the figure is converted to the respective currency.

Commission fees are calculated as follows:

Commission per sideTrade size in base currencyUSD conversion rate X $35 per USD million tradedAccount currency exchange rate

Step 1

Conversion of trade size from base currency to USD

100,000 GBP1.3110 (GBPUSD rate)131,100 USD

Step 2

Calculate commission charges in USD ($35 per USD million traded)

131,100 USD0.0000354.59 USD

Step 3

Convert commission charges from USD to EUR (account currency)

4.59 USD1.1685 (EURUSD rate)3.93 EUR

Commission charges incurred upon opening and closing the position = 3.93 EUR.

Step 1

Conversion of trade size from base currency to USD

100,000 EUR1.1685 (EURUSD rate)116,850 USD

Step 2

Calculate commission charges in USD ($35 per USD million traded)

116,850 USD0.0000354.09 USD

Step 3

Convert commission charges from USD to JPY (account currency)

4.09 USD111.50 (USDJPY rate)456 JPY

Commission charges incurred upon opening and closing the position = 456 JPY.

Step 1

Conversion of trade size from base currency to USD

100,000 NOK7.94 (USDNOK rate)12,594.46 USD

Step 2

Calculate commission charges in USD ($35 per USD million traded)

12,594.46 USD0.0000350.44 USD

In this example, there is no need to convert commission charges to account currency, since the account is denominated in

Commission charges incurred upon opening and closing the position = 0.44 USD.

Swap Charges

Swap/rollover charges are incurred when a trade is kept open overnight, to reflect the cost of funding your trade(s). The swap is charged automatically at 21:59 (UK time) to the client account and is converted into the currency that the account is denominated in.

On FxPro, MT4 & cTrader platforms, the swap is calculated and charged once every weekday, however, to account for weekends, a triple charge will take place on Wednesday for FX & metals, and on Friday for other instruments.
On the MT5 platform, swap charges occur daily for all instruments.
There are no swaps incurred on Future contracts.
Swap rates are reviewed on a weekly basis & updated accordingly.
We also offer swap-free accounts that come with some conditions. Please contact us directly for details.

How to calculate Swap

The formula used to calculate your swap charge depends on the CFD asset group you are trading

Forex: Pip Value X Swap Rate X Number of nights /10

Shares: Number of Shares X Last price x Annual Percentage charge /360

Spot Metals, Energy & Indices: Lot Size (i.e., 0.1 or 1.0) X Swap Rate X Number of nights

Cryptocurrencies: Number of Coins X Closing Price x 20% /360

* The closing price will depend on the direction of the position (whether it will be BID or ASK price). It refers to the last price of the instrument prior the rollover calculation.

For FX, we divide by 10 because swaps are stated in points and not pips The reason we divide by 360 for some calculations because swaps are displayed in annual percentage rather than points.

If you SELL 1.0 lot (100k units) of EURUSD and hold it for one night with a short rollover of -0.5803 Points, then the swap charge would be -0.58 USDIf you BUY 3.0 lots (300k units) of USDJPY and hold it for 2 nights with a Long swap rate of -1.9997 Points, then the swap charge would be -1199.82 Yen

Swap values shown for Shares are in % (percentage) for a year (annually).If you buy 20 shares of Apple Inc (AAPL.O) and hold them for one night with a closing price of $160.10 and an annual swap rate of -2.8597%, the charge would be -0.25 USDIf you keep the trade open for another night, and the closing price is now $151.00, then the swap fee for the second night would be -0.24 USDThe second nights swap would be added to the first, giving you a total of Swap for this position of -0.49 USD

If you SELL 1.0 lot (100oz) of Gold with a Short Swap rate of -1.3943 Points and hold it for 3 nights, the swap charge would be -4.18 USDIf you BUY 2.0 lots of SILVER with a Long Swap rate of -3.808 Points and hold it for 4 nights, the swap charge would be -30.46 USDIf you BUY 1.0 lot of BRENT crude oil (1k barrels) with a long swap rate of 9 points, then you will actually earn a positive Swap return of 9 USD.

If you BUY 1.0 lot (1 index) of GERMANY40, with a Long Swap rate of -0.7793 Points and hold it for 2 nights, the swap charge would be -1.55 EURIf you SELL 2.0 lots (2 Indices) of FTSE100, with a Short Swap rate of -0.4498 Points and hold it for 1 night, the swap charge would be -0.90 GBP

Swap values for Cryptos are 20% (percent) for a year (annually) for both long and short positions. If you BUY 1.0 lot of Bitcoin (1 Bitcoin) and hold it overnight, for both long and short positions the annual % rate is -20%, but you need to take into account the last Crypto CFD price. If the last price before the rollover is $58,350.00 then the swap fee for one night would be -32.42 USDIf you hold the position for more than one night, then the calculation for the next nights swap would be different, based on the last closing price. So, let’s say that the next night the last price is $60,000.00, then your swap fee for the second night would be -33.33 USDThe second nights swap would be added to the first, giving you a total of -65.75 USD SwapSimilarly, if you SELL 2.0 lots of Ether (20 Ether) and hold it overnight with the last price of $4612.00, then the swap fee for one night would be -51.24 USDIf you keep it open, and the following night the price has dropped to $4100.00, then your swap for the second night would be -45.56 USDThe second nights swap would be added to the first, giving you a total of Swap for this position of -$96.8

How are the Swap Rates determined?

For Forex pairs, the cost or income is calculated as the interest rate differential between the Tomorrow Next Deposit Rates(TNDR) of the 2 currencies in question, plus the commission charged by the Company on which the position is held and depending on the type of the position(Long / Short). Clients may either gain or lose on swap, thereby having either positive or negative rollover, respectively.It is possible that some instruments may have negative rollover values on both sides as a result of commission being added on top of the overnight interest rate differential of the two currencies.

For Spot Indices and Spot Metals, the swap charges are based on the underlying Tomorrow Next Deposit Rate (TNDR) of the Quote currency of the relevant asset, plus the commission charged by the Company on Long positions or minus the commission charged by the Company on Short positions.

Cost calculation tool

The cost calculator can be used to calculate the quarterly charges of every instrument we offer, customised to your trading. Before using the cost calculator above, please go through the following example to assist in correctly filling the required fields.

Example

You have deposited 10,000 Euro and selected your account currency to be Euro, You usually open 1 lot of EURUSD, you keep your position open on average for 1 day and trade on average 5 times per quarter.

Note: In case your currency account is different than the currency in which you deposited funds please enter the investment amount converted in you account currency.

You will fill in the fields as follows:

Enter Your Investment Amount: 10,000
Account Currency: EUR
Select CFD instrument: EURUSD
Trade size (In units): 100,000
How many times will you be trading per quarter: 5
How many days your position will remain open: 1
Select type of order: To calculate the cost of going Long chose “Buy/Long”, to calculate the cost of going Short choose “Sell/Short”
To get the final result click on “Calculate”

Cost calculation tool

Enter Your Investment Amount

Select CFD instrument

Swap Long:0

Swap Short:0

Trade size (In units)

How many times will you be trading per quarter

How many days your position will remain open

Result: