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Spreads, commissions and swaps

Our spreads

Our commissions

Our swap rates

What is a swap rate?

Daily swap charge / credit = (One point / exchange rate) x (Trade size [or notional amount] x tom next)

We source our tom next rates from a tier-one global investment bank. These are updated on a regular basis to account for the dynamic tom next market.

Note: Our Commodities metal swaps are also calculated in the same way

Daily swap charge / credit = (market closing price x Trade size x (our charge* +/- LIBOR)) / 365

*Our charge is 2.5%. If you’re long, you pay LIBOR (or the equivalent interbank rate). If you’re short, you receive it.

Daily swap charge / credit = (Trade size x (basis* +/- our charge**))

*Formula for the basis = (P3 – P2) / (T2 – T1), where:
P2 = price of front-month future
P3 = price of next-month future
T1 = expiry date of the previous front-month future
T2 = expiry date of the front-month future

**Our charge = CFD mid price x 2.5% / 365. If you pay the basis on your trade, our charge is added; if you receive the basis, the charge is deducted.

Daily swap charge / credit = market closing price x Trade size x (our charge* +/- LIBOR)) / 365

*Our charge is 2.5%. If you’re long, you pay LIBOR (or the equivalent interbank rate). If you’re short, you receive it.

Where can I find Tradiso's swap rates?

  • Select ‘View’
  • Right-click on ‘Market Watch’ and select ‘Symbols’
  • Choose the currency pair you wish to check and select ‘Properties’ (on MT5, please select ‘Specification’)