Charges and Fees

Charges and Fees

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Examples

Let’s use an example that you would like to trade Sugar.

Sugar’s quoted currency = USD
Position Direction = Long (Buy)
Webtrader Volume = 12,600 ( MT4 = 1.26 lots)
MT4 Contract Size for Sugar = 10,000 lbs
MT4 Volume= Lots * Contract Size = 1.26 * 10,000 = 12,600 lbs

Contract Price Difference (at the rollover from expiring to new month contract)

New contract price minus Old contract price = 0.79 USD
Sugar’s Spread = 0.04 USD
Sugar’s Mid Closing Price of the Day = 11.61 USD/lbs
Sugar’s Overnight Swap Charge = -0.0217 % = - 0.000217

The Daily Overnight (Swap) Charge is calculated as follows:

Daily Swap Charge = Volume * Instrument’s Mid Closing Price * Instrument’s Overnight Swap Charge
Daily Swap Charge = 12,600 * 11.61 * (- 0.000217) = - 31,74 USD

The Rollover Adjustment is calculated as follows:

Rollover adjustment = Volume * Price Difference between New contract and Old contract
12,600 * 0.79 = 9,954 USD

Since you have a buy position and the price difference is positive, the USD 9,954 will be charged to your account to compensate the corresponding floating P&L increase on your open position. (If, for the same example, you have a sell position, the USD 9,954 would have been credited to your account as a compensation for negative P&L)
The Rollover Spread Charge is calculated as follows:

Rollover Spread Charge = Volume * Instrument’s Spread
Rollover Spread Charge = 12,600 * 0.04 = 504 USD

The spread charge is always charged on your account regardless of the type of position (buy or sell).
The Total Rollover adjustment is calculated as follows:

Total Rollover Adjustment = Rollover adjustment + Rollover spread charge = (-9,954) + (-504) = -10,458 USD

If your account currency is different from the instrument currency, then the amount is converted to your account currency at current market price.
The Conversion fee is calculated as follows:

Assume your account is denominated in EUR and you want to open a position on Natural Gas CFD which is quoted in US dollars. If the required margin for this position is $1,000 it will be converted in EUR in the following way:

Used Margin Conversion Fee: 0.3%
EUR/USD Mid-price: 1.13612
At the time of position opening, Used Margin will be converted to EUR with the following rate:
1.13612 – 1.13612*0.3% = 1.1327
Used Margin = $1,000 / 1.1327 = 882.85 EUR

FAQs

How are rollover fees calculated:

Total Rollover Adjustment = Rollover adjustment + Rollover spread charge.

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