Education5 min read
What Is a Swap? Overnight Financing in CFDs Explained
Swaps are the hidden cost of holding CFD positions overnight. Learn how they work. Long and short swap rates, triple-charged Wednesdays and the costs.
What Is a Swap?
A swap is the fee for keeping a leveraged position open overnight. Applied daily at 22:00 GMT.
Triple Swap
Wednesday charges triple swap for the weekend. Close before Wednesday rollover if possible.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70-80% of retail investor accounts lose money when trading CFDs. Backtesting does not guarantee future results. Always consider whether you can afford the potential loss of your capital.