Trading conditions

header-img

Swap and Spread Rates in FXORO Global

The Swap and Spread ratios applied when investing with FXORO Global are indicated on the table at the bottom of the page below.

For investors who are new to trading, we have briefly summarized what these expressions mean.

Swap

Swap Fees are the cost of a trade that is applied to transactions that are open at the end of the day resulting from the difference between the interest rates of the countries to which the currency pair is traded. Swap fees are the fees charged for keeping a trade / position open overnight.

Swap position

If the interest rate of the received money is low and the interest rate of the money being sold is high (-), the cost is deducted from the investor’s account.

If the interest rate of the sold money is low and the interest rate of the money received is high (+) It is returned to the investor as income

It would be better if we explained this with an example applied in FXORO Global.

Currency Rate Short Swap (percent) Long Swap (percent) Trading Hours

EURUSD 1.67 -7.93 Mon 00:00 – Fri 23:00

Rules Regarding Swap Fees

  • Swap costs or revenues are not applied to positions closed on the same day. Swap rates apply to positions that are still open at the end of the day.
  • Change swap balances because the interest rates of the countries to which the relevant currency units belong.
  • A 3-day swap is applied to positions that are not yet closed on Thursdays (equivalent to the value of the weekend) because the Forex market is valued at +2 days. On other days this practice is 1 day.
  • FXORO Global offers Islamic account.

Spread

The difference between the buying and selling prices of financial assets is called “Spread” and expressed in “pip” unit.

For example, if the buying price is 1.1225 and the selling price is 1.1223 in the EURUSD parity, this spread is 2 pips for Spread (1,1225-1,1223 = 0,002).

Therefore, when you open a lot (i.e. 100 thousand units) in one lot, you will end up with a cost of 0,0002 * 100,000 = 20 USD Spread.

It is only the cost to open this position. If the parity reaches 1,1227, your cost will be zero. Spread, which is an important cost for the investor, can be fixed or variable. Variable Spread is low at times of increased liquidity in the markets, but may be high in liquidity shortage. Fixed Spreads are fixed values offered to investors of brokerage houses.

FXORO Global Account Types

There are 3 different accounts in FXORO Global that you can use according to your needs and preferences. The main difference between them is the Spread ratios to be applied to the operations.

Fixed Account: the spread is fixed and unaffected by price fluctuations on the market.

Floating Account: the spread is a variable, depending on the market volatility or the asset being traded.

Islamic Accounts: Accounts that are traded according to Islamic rules, not applying a swap interest. And it can be used with any of the two account types above.

O/N Overnight – Overnight spreads can vary according to market conditions. Overnight hours means from 23:00 until 08:00 GMT +2.

CURRENCIES COMMODITIES INDICES SHARES CRYPTO ETF
Name Min spread Max leverage Margin Min deal size Max deal size Step Swap short Swap long Max exposure Trading hours
EURUSD 1.2 400:1 0.50% 5000 3000000 5000 -0.0017% -0.0103% 12000000 mon 00:05- fri 23:00
USDJPY 1.2 400:1 0.50% 5000 3000000 5000 -0.0201% 0.0064% 15000000 mon 00:05- fri 23:00
EURJPY 1.5 400:1 0.50% 5000 3000000 5000 -0.0160% 0.0036% 12000000 mon 00:05- fri 23:00
GBPUSD 1.8 400:1 0.50% 5000 3000000 5000 -0.0053% -0.0060% 10000000 mon 00:05- fri 23:00
EURCHF 1.9 400:1 0.50% 5000 3000000 5000 -0.0101% 0.0010% 10000000 mon 00:05- fri 23:00
EURGBP 2 400:1 0.50% 5000 3000000 5000 -0.0026% -0.0088% 10000000 mon 00:05- fri 23:00
USDCHF 2 400:1 0.50% 5000 3000000 5000 -0.0184% 0.0030% 10000000 mon 00:05- fri 23:00
AUDJPY 2.6 400:1 0.50% 5000 3000000 5000 -0.0168% 0.0036% 12000000 mon 00:05- fri 23:00
AUDUSD 2.7 400:1 0.50% 5000 3000000 5000 -0.00415% -0.0084% 12000000 mon 00:05- fri 23:00
CHFJPY 2.9 400:1 0.50% 5000 3000000 5000 -0.0091% -0.0022% 10000000 mon 00:05- fri 23:00
NZDUSD 2.6 400:1 0.50% 5000 3000000 5000 -0.0071% -0.00426% 12000000 mon 00:05- fri 23:00
USDCAD 2.1 400:1 0.50% 5000 3000000 5000 -0.0068% -0.0045% 10000000 mon 00:05- fri 23:00
CADJPY 2.7 400:1 0.50% 5000 3000000 5000 -0.0190% -0.00246% 12000000 mon 00:05- fri 23:00
GBPJPY 3.6 400:1 0.50% 5000 3000000 5000 -0.0194% 0.0061% 8000000 mon 00:05- fri 23:00
USDSGD 4 400:1 0.50% 5000 3000000 5000 -0.00787% -0.00716% 10000000 mon 00:05- fri 23:00
AUDCAD 5.2 400:1 0.50% 5000 3000000 5000 -0.00661% -0.0079% 12000000 mon 00:05- fri 23:00
AUDCHF 5.4 400:1 0.50% 5000 3000000 5000 -0.0135% 0.0012% 12000000 mon 00:05- fri 23:00
GBPCHF 7 400:1 0.50% 5000 3000000 5000 -0.0112% -0.00193% 8000000 mon 00:05- fri 23:00
CADCHF 5.6 400:1 0.50% 5000 3000000 5000 -0.0144% -0.0018% 12000000 mon 00:05- fri 23:00
EURAUD 7.4 400:1 0.50% 5000 3000000 5000 -0.00263% -0.00672% 10000000 mon 00:05- fri 23:00
EURCAD 6.2 400:1 0.50% 5000 3000000 5000 -0.00234% -0.00717% 10000000 mon 00:05- fri 23:00
NZDCAD 7 400:1 0.50% 5000 3000000 5000 -0.00778% -0.00363% 12000000 mon 00:05- fri 23:00
NZDCHF 6.9 400:1 0.50% 5000 3000000 5000 -0.0170% -0.00144% 12000000 mon 00:05- fri 23:00
NZDJPY 7.1 400:1 0.50% 5,000 3,000,000 5,000 -0.0205% 0.0072% 12,000,000 mon 00:05 - fri 23:00
USDTRY 40 50:1 2.00% 5,000 3,000,000 5,000 -0.0833% -0.1111% 1,500,000 mon 00:05 - fri 23:00
EURNZD 7.5 400:1 0.50% 5,000 3,000,000 5,000 -0.00275% -0.00625% 10,000,000 mon 00:05- fri 23:00
EURTRY 45 50:1 2.00% 5,000 3,000,000 5,000 -0.0833% -0.1139% 1,500,000 mon 00:05 - fri 23:00
GBPCAD 6.3 400:1 0.50% 5,000 3,000,000 5,000 -0.00278% -0.00714% 8,000,000 mon 00:05 - fri 23:00
GBPAUD 7.9 400:1 0.50% 5,000 3,000,000 5,000 -0.00406% -0.00719% 8,000,000 mon 00:05 - fri 23:00
AUDNZD 7.6 400:1 0.50% 5,000 3,000,000 5,000 -0.00279% -0.0098% 12,000,000 mon 00:05 - fri 23:00
GBPNZD 9.6 400:1 0.50% 5,000 3,000,000 5,000 -0.00301% -0.00460% 8,000,000 mon 00:05 - fri 23:00
USDPLN 14 400:1 0.50% 5,000 3,000,000 5,000 -0.00651% -0.00535% 3,000,000 mon 00:05 - fri 23:00
USDDKK 12 400:1 0.50% 5,000 3,000,000 5,000 -0.00977% -0.00489% 3,000,000 mon 00:05 - fri 23:00
EURPLN 19.2 400:1 0.50% 5,000 3,000,000 5,000 -0.00585% -0.01044% 3,000,000 mon 00:05 - fri 23:00
USDHKD 21.3 400:1 0.50% 5,000 3,000,000 5,000 -0.00967% -0.00383% 3,000,000 mon 00:05 - fri 23:00
USDNOK 31 400:1 0.50% 5,000 3,000,000 5,000 -0.00729% -0.00274% 3,000,000 mon 00:05 - fri 23:00
EURNOK 36 400:1 0.50% 5,000 3,000,000 5,000 -0.00356% -0.00751% 3,000,000 mon 00:05 - fri 23:00
EURSEK 85 400:1 0.50% 5,000 3,000,000 5,000 -0.00579% -0.00829% 3,000,000 mon 00:05 - fri 23:00
USDSEK 70 400:1 0.50% 5,000 3,000,000 5,000 -0.00685% -0.00550% 3,000,000 mon 00:05 - fri 23:00
USDCNH 31 20:1 10.00% 5,000 3,000,000 5,000 -0.02636% -0.11514% 500,000 mon 00:05 - fri 23:00
USDHUF 29 400:1 0.50% 5,000 3,000,000 5,000 -0.00449% -0.00647% 500,000 mon 00:05 - fri 23:00
USDMXN 62 400:1 0.50% 5,000 3,000,000 5,000 0.00250% -0.02047% 3,000,000 mon 00:05 - fri 23:00
EURHUF 32 400:1 0.50% 5,000 3,000,000 5,000 -0.00406% -0.00929% 500,000 mon 00:05 - fri 23:00