CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.50% 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.

75.50% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Swap rates at
ThinkMarkets

Find out what swap rates, also known as overnight funding, apply to CFD trades that remain open overnight
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What are swap rates?

When you open a spread bet or a CFD trade and want to hold it open past 4.59pm New York time/11.59pm MT4/MT5 (platform time), you are charged a daily interest fee. This happens because when you use leverage, you are effectively borrowing money to open the position. Once a position is held overnight, an interest adjustment is made in your account, to reflect to cost of funding.

Where can I find your swap rates?
You can find the applicable swap rates directly on your platform. Simply follow the below steps:
Meta Trader4 LogoMeta Trader5 Logo
  • Click 'View' along the top menu
  • Select 'Symbols'
  • Select the instrument which currency pair you want to see the swaps for and click 'Properties'
  • You can now see the long and short swap rates in the pop-up window
Think Trader Logo
  • Navigate to the Market Watch
  • Add your desired symbols
  • Press and hold on any symbol name for 3 seconds to bring up the symbol description info
  • Long/Short swaps are displayed in points

Key facts

  • Swap rates are tripled on Wednesday for FX/Metals and Commodities and tripled on Friday for all other instruments to account for weekends
  • On weeks where there are holidays, the swap rate structure is subject to change
  • Overnight funding does not apply to futures
How are swap rates calculated?
Here are the formulas used to calculate the swap rates for every night that a position is held open.
Forex

Swap values for FX are applied in points on all ThinkMarkets platforms (MT4, MT5 and ThinkTrader)

 

When calculating the FX swap, ThinkMarkets considers the Tom/Next (Tomorrow/Next) interest rates from the interbank forward market of top liquidity Tier-1 banks. The resulting value is taken directly from the liquidity providers, partners of ThinkMarkets. Rollover can be positive or negative. The main components forming the Tom/Next interest are based on the interest rates differential between the currencies (part of the pair), liquidity (in this case the liquidity of the forward market can be reduced by upcoming important political events, end of a month, a quarter, or a year), demand for the interbank forward market, uncertainty around currencies and other important events concerning some of the currencies.

Formula:Number of lots X Amount of short/long swap points = swap debit/credit in second currency.

Example:Your account currency is USD and you hold 2.5 lots short of EUR/GBP.

Short swap in points: -1.3395

Amount: 2.5 lots

Calculation: 2.5 X -1.3395 = -3.49 GBP, converted to USD based on current USD/GBP rate = -4.64 USD

CFDs on Indices

Swap values for the indices are applied in points on all ThinkMarkets platforms (MT4, MT5 and ThinkTrader)

 

To calculate the swap points, ThinkMarkets uses a formula that is based on the relevant LIBOR rate +/- brokerage markup of 3%.

 

For long (buy) position, the financing is calculated based on LIBOR plus 3% to roll the position

 

For short (sell) position, you may receive/charged financing based on LIBOR minus 3%

Formula:Number of lots * Contract Size * Amount of short/long swap points/100 = swap debit/credit in Index base currency

Example:Your account currency is USD and you hold long position in GER30 for 3 lots.

Long swap in points: -95.37

Amount: 3 lots

Contract size: 1

Calculation: 3 * 1 * -95.37/100 = 2.86 EUR converted to USD based on current EUR/USD rate = -3.41 USD

CFDs on Shares

Swap values for equities are applied in points on all ThinkMarkets platforms (MT4, MT5 and ThinkTader)

 

To calculate the swap points, ThinkMarkets uses a formula that is based on the relevant LIBOR rate +/- brokerage mark-up of 2%.

 

For long (buy) position, the financing is calculated based on LIBOR plus 2% to roll the position

 

For short (sell) position, you may receive/charged financing based on LIBOR minus 2%

Formula:Number of lots * Contract Size * Amount of short/long swap points/100 = swap debit/credit in Index base currency

Example:Your account currency is USD and you hold long position in GER30 for 3 lots.

Long swap in points: -95.37

Amount: 3 lots

Contract size: 1

Calculation: 3 * 1 * -95.37/100 = 2.86 EUR converted to USD based on current EUR/USD rate = -3.41 USD

CFDs on Commodities

Swap values for all commodities are applied in points on all ThinkMarkets platforms (MT4, MT5 and ThinkTrader).

 

Non-maturing instruments on Metals (XAU, XAG and Copper), Oil (WTI and Brent) as well as natural gas (NGAS) are subject to swapping (interest rate) when a position remains open for the next day. In determining the amount of the swap in points, ThinkMarkets considers the interest for the days the position is retained, as well as information on the amount of the mark-up in which the costs of transferring the position between the different futures contracts are distributed upon their expiration.

Formula:Number of lots * Contract Size * Amount of short/long swap points/100 = swap debit/credit in commodity base currency.

Example:Your account currency is USD and you hold short position in XAUSD for 5 lots. Short swap in points: 2.5526

Short swap in points: 2.5526

Amount: 5 lots

Contract size: 100

Calculation: 5 * 100 * 2.5526/100 = 12.76 USD

CFDs on Cryptocurrencies

The swap rates for cryptocurrencies are shown in percentages on MT4 and MT5 and in points on the ThinkTrader platform. The rates are subject to change, depending on cryptocurrency volatility, price, and liquidity.

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“I really like Think Markets because of its ease of use for beginners ”Darren

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“Very satisfied.Account manager was very helpful and resolved all my queries immediately ”Bojan Skoko
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