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.

ParameterValue
Account CurrencyEUR
SymbolEU50
Contract Size10
Lots1
Swap Rate-3
Number of Nights2
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.

ParameterValue
Account CurrencyEUR
SymbolEU50
Contract Size10
Lots1
Swap Rate-3
Number of Nights2 (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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IMPORTANT ANNOUNCEMENT

The Company no longer accepts clients residing in Spain, until further notice.
Affiliate programs are not allowed in Spain for the marketing of investment services and customer acquisition by unauthorized third parties.

AVISO IMPORTANTE

La Compañía ya no acepta clientes residentes en España, hasta nuevo aviso.
Los programas de afiliados no están permitidos en España para la comercialización de servicios de inversion y captación de clientes por parte de terceros no autorizados.

Scheduled Maintenance of the Client Portal

At FXGlobe, we are committed to providing you with the best possible experience.

To ensure the continued performance and reliability of our Client Portal, we will be performing scheduled maintenance of our servers and a system upgrade.

What to Expect After the Maintenance

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.12% 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.