Swap (or overnight) fees are charges incurred for holding CFD positions overnight. These fees account for the cost of maintaining leveraged positions.
The fees will depend on the swap rate of each product. The calculation formulas for each swap type are:
1. In Points: Swap x Contract Size x 10^-Digit x Lot x Holding Days
2. In Currency: Swap x Lot x Holding Days
3. In Percentage: Swap / 100 / 360 x EOD Price x Contract Size x Lot x Holding Days
(EOD Price = Average of the opening and closing prices from the previous day)
