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    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:

    Rollover Fee (in quote currency) per day = Number of Lots * Contract Size * Long or Short Points (for the given day) * Point Size

    The above formula is applied on Forex pairs, Metals, Energies and Cryptos

    EXAMPLES
    • 1 lot SHORT on EURUSD with account currency in USD:1 * 100,000 * 0.39 * 0.00001 = $0.39
    • 1 lot LONG on XAUUSD with account currency in USD:1 * 100 * -4.976 * 0.01 = $ -4.98
    • 1 lot LONG on USOILCash with account currency in USD:1 * 1000 * -4.52 * 0.001 = $ -4.52
    • 1 lot LONG on BTCUSD with account currency in USD:1 * 1* -1593.45 * 0.01 = $ -15.93

    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
    Currencies.
    Min. Spread in Points
    Currencies.
    AUDCHF
    Min. Spread in Points
    4
    Currencies.
    AUDNZD
    Min. Spread in Points
    4
    Currencies.
    CADCHF
    Min. Spread in Points
    4
    Currencies.
    CHFJPY
    Min. Spread in Points
    4
    Currencies.
    EURCAD
    Min. Spread in Points
    4
    Currencies.
    EURGBP
    Min. Spread in Points
    1
    Currencies.
    EURJPY
    Min. Spread in Points
    1
    Currencies.
    EURNOK
    Min. Spread in Points
    12
    Currencies.
    EURPLN
    Min. Spread in Points
    200
    Currencies.
    EURTRY
    Min. Spread in Points
    1000
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    Axiance is the trade name used by the Axiance group of companies formerly operating as EverFX (“Axiance”) and it is owned by an entity of the Axiance group.

    Group Licenses:

    ICC Intercertus Capital Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 301/16. EEA Cross-borders Registration: CNMV (Spain) reg. 4256 AFM Netherlands | FI Sweden | KNF Poland

    Aerarium Limited is authorized and regulated by the Financial Services Authority Seychelles (FSA), with license number SD036.

    Aurum Capital Limited is licensed by the Financial Services Commission in Mauritius (FSC) with license number GB20025770.

    Axiance does not offer its services to residents of certain jurisdictions such as the USA, UK, Belgium, Iran, Canada and North Korea etc.

    Any trademarks appearing on this website are the property of their respective owners.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage 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. Please consider our Risk Disclosure.

      Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
      Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.