High Risk Investment Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pip Value Calculator
A swap rate is a rollover interest rate credited or debited from clients’ accounts when a position is held open overnight. The swap rate is credited or debited once for each day of the week, with the exception of Wednesdays, when it is credited or debited 3 times for the weekend.
Enter your account base currency, select the currency pair, enter the account type, the trade size in lots and the leverage.
The equation is as follows:
Swap = (One Point / Exchange Rate) * Trade Size (Lot Size) * Swap Value in Points
One Point: 0.00001
Account Base Currency: EUR
Currency Pair: EUR/USD
Exchange Rate: 1.0895 (EUR/USD)
Volume in Lots: 5 (One Standard Lot = 100,000 Units)
Short Swap Rate: 0.15
Swap Value = (0.00001 / 1.0895) * (500,000 * 0.15)
Swap Value is €0.69
*If the result is negative your account will be debited whereas if it is positive your account will be credited.