EN
Spreads & Swaps
Swaps
A swap, also known as “overnight rollover”, is the interest charged or earned for positions that are held overnight, depending on the interest rate of the currencies held or the interest rate of the currency any asset is denominated.
Each asset has different swap rate, and it is charged in points per lot. Axiance, does not close and re-open positions as there is no physical delivery in CFD trading but performs the rollover process automatically every night at GMT + 3 by simply debiting or crediting trading accounts for positions held overnight.
Check the examples below to see how Axiance calculates its rates:
The above formula is applied on Forex pairs, Metals, Energies and Cryptos
Note: The swaps are applied at 00:00 GMT+3 time when a position is rolled over.
Triple Swap takes place on Wednesdays for FX, Metals, Shares and Cryptos.
Triple Swap takes place on Fridays for Indices, Energies and Futures.
Triple swap occurs to take account the weekend when market is closed.
The above formula is applied on Shares and Futures
Note: The swaps are applied at 00:00 GMT+3 time when a position is rolled over.
Triple Swap takes place on Wednesdays for FX, Metals, Shares and Cryptos.
Triple Swap takes place on Fridays for Indices, Energies and Futures.
Triple swap occurs to take account the weekend when market is closed.
The above formula is applied on Indices
Note: The swaps are applied at 00:00 GMT+3 time when a position is rolled over.
Triple Swap takes place on Wednesdays for FX, Metals, Shares and Cryptos.
Triple Swap takes place on Fridays for Indices, Energies and Futures.
Triple swap occurs to take account the weekend when market is closed.
Spreads
Trade with Axiance and benefit from competitive spreads.
For every trade you make, you’re given a “bid” and an “ask” price. The “bid” is the price at which you sell a security and the “ask” at which you buy it. Spread is simply the difference between these two prices.
Third parties like liquidity providers or banks bear the risk of loss when facilitating your trade, which is why they keep a part of each trade also known as spread.
Our spreads are calculated in “points”. For example, if the bid price for a stock is 2100 and the ask price is 2101, then the bid-ask spread for the stock in question will be referred to as 1 point.
As a generally accepted rule, you can minimise points by trading only during favourable hours, when many buyers and sellers are in the market. The more buyers and sellers trade for a given asset the more market makers narrow their spreads.
The tables below show our minimum spreads.
*The spreads in the table have been taken from a VIP account. For live spread information, please refer to your trading terminal.
| Currencies | Min Spread in Points |
|---|---|
| AUDCAD | 4 |
| AUDCHF | 4 |
| AUDJPY | 4 |
| AUDNZD | 4 |
| AUDUSD | 1 |
| CADCHF | 4 |
| CADJPY | 4 |
| CHFJPY | 4 |
| EURAUD | 5 |
| EURCAD | 4 |
| EURCHF | 1 |
| EURGBP | 1 |
| EURHUF | 150 |
| EURJPY | 1 |
| EURMXN | 250 |
| EURNOK | 12 |
| EURNZD | 4 |
| EURPLN | 200 |
| EURSEK | 12 |
| EURTRY | 1000 |
| EURUSD | 1 |
| EURZAR | 900 |
| GBPAUD | 1 |
| GBPCAD | 2 |
| GBPCHF | 1 |
| GBPJPY | 1 |
| GBPNZD | 2 |
| GBPUSD | 1 |
| GBPZAR | 1300 |
| HKDJPY | 10 |
| NOKSEK | 40 |
| NZDCAD | 4 |
| NZDCHF | 4 |
| NZDJPY | 4 |
| NZDUSD | 1 |
| USDCAD | 1 |
| USDCHF | 1 |
| USDCNH | 10 |
| USDCZK | 45 |
| USDDKK | 310 |
| USDHKD | 4 |
| USDHUF | 130 |
| USDJPY | 1 |
| USDMXN | 150 |
| USDNOK | 170 |
| USDPLN | 100 |
| USDRUB | 16000 |
| USDSEK | 150 |
| USDSGD | 120 |
| USDTRY | 850 |
| USDZAR | 400 |
| Energy | Min Spread in Points |
|---|---|
| BRENTCash | 35 |
| USOILCash | 20 |
| Metals | Min Spread in Points |
|---|---|
| XAGEUR | 20 |
| XAGUSD | 10 |
| XAUEUR | 34 |
| XAUUSD | 15 |
| XPDUSD | 2600 |
| XPTUSD | 550 |
| Indices | Min Spread in Points |
|---|---|
| AUD200 | 150 |
| DE30 | 70 |
| ESP35 | 400 |
| F40 | 80 |
| HK40 | 500 |
| IT40 | 50 |
| JP225 | 700 |
| N25 | 20 |
| STOXX50 | 100 |
| SWI20 | 400 |
| UK100 | 80 |
| US30 | 100 |
| US500 | 40 |
| USTEC | 50 |
| Stocks | Min Spread in Points |
|---|---|
| AA.US | 20 |
| AAL.UK | 200 |
| AAL.US | 32 |
| AAPL.US | 150 |
| ABT.US | 23 |
| ACA.FRA | 32 |
| ADBE.US | 32 |
| ADEN.SWI | 20 |
| ADSd.GER | 32 |
| AFXG.GER | 20 |
| AIR.FRA | 30 |
| ALB.US | 20 |
| ALV.GER | 32 |
| AMD.US | 20 |
| AMGN.US | 32 |
| AMZN.US | 44 |
| ATVI.US | 32 |
| AURORA.US | 19 |
| AVGO.US | 32 |
| AXP.US | 36 |
| AZN.US | 30 |
| B4B.GER | 32 |
| BA.US | 90 |
| BABA.US | 72 |
| BAC.US | 24 |
| BASFn.GER | 26 |
| BATS.UK | 200 |
| BAX.US | 32 |
| BAYNd.GER | 26 |
| BCS.US | 24 |
| BE.US | 32 |
| Beig.GER | 20 |
| BHPB.UK | 200 |
| BIDU.US | 32 |
| BIIB.US | 20 |
| BK.US | 32 |
| BMEAT.US | 32 |
| BMWd.GER | 20 |
| BMY.US | 32 |
| BN.FRA | 32 |
| BNP.FRA | 32 |
| BOSS.GER | 20 |
| BP.US | 19 |
| BRKb.US | 22 |
| C.US | 24 |
| CABKe.ESP | 20 |
| CANO.US | 18 |
| CARR.FRA | 18 |
| CAT.US | 32 |
| CBK.GER | 32 |
| CCI.US | 32 |
| CCL.UK | 200 |
| CDI.FRA | 32 |
| CL.US | 32 |
| COST.US | 32 |
| CRM.US | 32 |
| CRO.US | 19 |
| CSCO.US | 32 |
| CSGN.SWI | 20 |
| CVX.US | 20 |
| DAId.GER | 44 |
| DAL.US | 32 |
| DB1Gn.GER | 20 |
| DBKd.GER | 34 |
| DGE.UK | 200 |
| DIS.US | 30 |
| DISCK.US | 32 |
| DPWd.GER | 24 |
| DVMT.US | 20 |
| EBAY.US | 24 |
| EON.GER | 20 |
| EVR.UK | 200 |
| EVTG.GER | 280 |
| EZJ.UK | 200 |
| F.US | 19 |
| FB.US | 34 |
| FCAm.ITA | 20 |
| FDX.US | 32 |
| FNV.US | 32 |
| FTNT.US | 20 |
| GE.US | 32 |
| GFI.US | 32 |
| GILD.US | 23 |
| GM.US | 20 |
| GOLD.US | 32 |
| GOOGL.US | 126 |
| GPRO.US | 14 |
| GS.US | 36 |
| GSK.UK | 400 |
| HD.US | 32 |
| HLT.US | 32 |
| HMC.US | 20 |
| HNKG.GER | 20 |
| HPE.US | 19 |
| HPQ.US | 18 |
| HSBA.UK | 200 |
| IAG.UK | 200 |
| IBM.US | 32 |
| IHG.UK | 200 |
| iMSCIEM.US | 20 |
| iMSCISA.US | 18 |
| INTC.US | 24 |
| ISRG.US | 20 |
| ITXe.ESP | 20 |
| JD.US | 34 |
| JNJ.US | 20 |
| JPM.US | 34 |
| KHC.US | 32 |
| KL.US | 32 |
| KNIN.SWI | 20 |
| KO.US | 14 |
| LHAd.GER | 20 |
| LLY.US | 32 |
| LMT.US | 32 |
| LOGN.SWI | 20 |
| LVS.US | 32 |
| MA.US | 18 |
| MANUTD.US | 18 |
| MAR.US | 32 |
| MCD.US | 28 |
| MDLZ.US | 32 |
| MET.US | 32 |
| MMM.US | 32 |
| MNST.US | 32 |
| MRK.US | 32 |
| MRNA.US | 76 |
| MS.US | 20 |
| MSFT.US | 50 |
| MU.US | 32 |
| MUV2d.GER | 20 |
| NESTLE.SWI | 20 |
| NFLX.US | 70 |
| NIO.US | 34 |
| NKE.US | 20 |
| NKLA.US | 32 |
| NVDA.US | 92 |
| NVS.US | 32 |
| NYT.US | 21 |
| OR.FRA | 32 |
| ORCL.US | 32 |
| PEP.US | 24 |
| PFE.US | 32 |
| PG.US | 24 |
| PM.US | 32 |
| PORSCHE.GER | 20 |
| PUMA.GER | 20 |
| PYPL.US | 20 |
| QCOM.US | 32 |
| RACE.US | 24 |
| RDSA.UK | 200 |
| REPe.ESP | 20 |
| RGLD.US | 32 |
| RIO.UK | 200 |
| RNO.FRA | 32 |
| ROG.SWI | 20 |
| RR.UK | 200 |
| RRTL.GER | 20 |
| RTN.US | 32 |
| SANe.ESP | 20 |
| SAP.US | 16 |
| SASY.FRA | 320 |
| SBUX.US | 32 |
| SHOPIFY.US | 282 |
| SIE.GER | 32 |
| SNE.US | 20 |
| SOGN.FRA | 18 |
| SPOT.US | 32 |
| SQ.US | 32 |
| STZ.US | 32 |
| TDOC.US | 23 |
| TEFe.ESP | 20 |
| TEGG.GER | 20 |
| TENCENT.HKD | 20 |
| TGT.US | 32 |
| TITm.ITA | 20 |
| TM.US | 20 |
| TMUS.US | 32 |
| TRIP.US | 32 |
| TSLA.US | 420 |
| TUIGn.GER | 20 |
| TWTR.US | 34 |
| UA.US | 32 |
| UBER.US | 16 |
| UBSG.SWI | 20 |
| UHR.SWI | 20 |
| ULVR.UK | 200 |
| UNH.US | 32 |
| UPS.US | 32 |
| V.US | 32 |
| VMW.US | 32 |
| VODFN.US | 34 |
| VOW3d.GER | 45 |
| VZ.US | 32 |
| W.US | 20 |
| WFC.US | 16 |
| WMT.US | 18 |
| WPM.US | 32 |
| XIAOMI.HKD | 20 |
| XOM.US | 19 |
| XPEV.US | 32 |
| YNDX.US | 19 |
| ZALG.GER | 20 |
| ZM.US | 20 |
| Crypto | Min Spread in Points |
|---|---|
| BCHUSD | 150 |
| BTCEUR | 15000 |
| BTCUSD | 15000 |
| DASHUSD | 100 |
| EDOUSD | 100 |
| ETHEUR | 2000 |
| ETHUSD | 1500 |
| ETPUSD | 100 |
| IOTAUSD | 100 |
| LTCEUR | 100 |
| LTCUSD | 100 |
| NEOUSD | 150 |
| OMGUSD | 1500 |
| SANUSD | 850 |
| XMRUSD | 100 |
| XRPUSD | 1000 |
| ZECUSD | 100 |
| Futures | Min Spread in Points |
|---|---|
| COCOA | 650 |
| COFFEE | 30 |
| COPPER | 210 |
| CORN | 80 |
| COTTON | 16 |
| NGAS | 100 |
| SOYBEAN | 150 |
| SUGAR | 6 |
| USIDX | 7 |
| WHEAT | 380 |
