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Swap Charge Calculation

Company News /
Milan Cutkovic

We are receiving many calls in relation to swap charges so we thought it would be helpful to explain in more detail how we calculate these fees. The percentage rate is an annual amount, and in some markets we have seen large increases due to the current market conditions.

The calculation is as follows:

(Position open price x Contract size x SWAP rate % / 360 days) x No of lots OR CFDs.

Please see an example for USOIL swap rates below:

Example 1:
If you bought 10 CFDs @ 8.207
10 x 10 x 8.207 x 2.3 / 360 = -$5.24

Example 2:
If you sold 20 CFDs @ 8.195
20 x 10 x 8.195 x 2 / 360 = +$9.11

Daily swap rates can be found on the product information on the platform.

If you have any questions, please do not hesitate to contact your Account Manager.



Milan Cutkovic

Milan Cutkovic

Milan Cutkovic has over eight years of experience in trading and market analysis across forex, indices, commodities, and stocks. He was one of the first traders accepted into the Axi Select program which identifies highly talented traders and assists them with professional development.

As well as being a trader, Milan writes daily analysis for the Axi community, using his extensive knowledge of financial markets to provide unique insights and commentary. He is passionate about helping others become more successful in their trading and shares his skills by contributing to comprehensive trading eBooks and regularly publishing educational articles on the Axi blog, His work is frequently quoted in leading international newspapers and media portals.

Milan is frequently quoted and mentioned in many financial publications, including Yahoo Finance, Business Insider, Barrons, CNN, Reuters, New York Post, and MarketWatch.

Find him on: LinkedIn