When a position is kept open overnight, daily overnight financing fees may be applied. These are known as swap fees. A swap fee is a cost or interest amount that is automatically calculated on the trading account when a position is rolled over to the next trading day, meaning when it is not closed before the end of the trading day.

The value of swap fees varies depending on the type of asset, the trade size, and the trade direction, whether it is a buy or sell position.

How These Fees Work

• When a position is kept open overnight, daily overnight fees are applied.
• These fees may be negative, meaning they are deducted from your account.

They are affected by several factors, including:

• The trade direction, whether buy or sell.
• The interest rate differences between currencies or the financial instrument.
• The type of financial asset, such as forex, stocks, indices, commodities, or cryptocurrencies.
• The trade size.
• The interest rates linked to the currencies or assets.
• The broker’s terms and conditions.

These fees are calculated automatically by the platform.

When Are Swap Fees Applied?

• Swap fees are applied when a position remains open after a specific time, usually at the end of the trading day.
• In some cases, triple swap fees may be charged on a specific day of the week, such as Wednesday, to cover the weekend.

Which Instruments Are Exempt from Swap Fees?

CFD stocks at Evest are exempt from swap fees. In addition, Islamic accounts are exempt from swap fees. However, if a position remains open for more than 3 days, an alternative Sharia-compliant fee is applied according to the Islamic account fee schedule set by Evest.

Where Can I Check Swap Fee Values?

You can check the swap fees for each instrument through the company’s official website.