Simplifying Swaps: Introducing a New Point-Based System for Index CFDs

Hello traders! Wave some fantastic news to share. Starting December 23rd, 2023, we’re making a big move in our trading platform—we’re shifting to a point-based swap rate system for index CFDs.

Why the Change?

We’re saying goodbye to the old percentage-based calculations. Our new point-based method is all about clarity and ease. We want to make understanding your trading costs as simple as possible.

How Does the New System Work?

Let’s break it down with an example.

Parameter Value
Account Currency EUR
Symbol EU50
Contract Size 10
Lots 1
Swap Rate -3
Number of Nights 2
Calculation (1 Lot × 10 Contract Size × 0.01 Point Size) × -3 Swap Rate × 2 Nights
Result -0.6 EUR

Triple Charge on Wednesdays

If one of the 2 charged nights is a Wednesday, a triple charge will apply. Here’s an example.

Parameter Value
Account Currency EUR
Symbol EU50
Contract Size 10
Lots 1
Swap Rate -3
Number of Nights 2 (Including Wednesday)
Calculation (1 Lot × 10 Contract Size × 0.01 Point Size) × -3 Swap Rate × 4 Nights (Triple Charge)
Result -1.2 EUR

Impact on Your Trades

The direction of the market and your open position determines if the swap is positive (credited) or negative (debited).

More Information

For full details on trading charges for CFD indices, take a look at the Key Information Document on our platform.

Got Questions?

Our support team is happy to help! Drop us a line at [email protected] with any queries.

Finally, thanks for choosing to trade with FXGlobe! These changes are just part of our ongoing commitment to improve your investment journey.

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February Holidays 2024

Scheduled Maintenance of the Trading Platform:  January 29, 2024, from 22:15 to 22:25 GMT+2

January Holidays 2024

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.51% 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.