Swap Information

Learn what Swap is and when certain CFD contracts expire.

What is a CFD Swap?

The Swap Rate is the interest paid or earned for holding a position overnight. Each CFD has an interest rate associated with it, and every trade involves two different interest rates. The Swap Rate can add a significant extra cost or profit to your trade. The trading platform automatically calculates Swaps for you.

Swap charges are released daily by the financial institutions we work with and are calculated based on risk-management analysis and market conditions. Each CFD has its own swap charge. Swap rates posted on our website are indicative rates and are subject to change based upon market volatility.

When are Swaps Booked?

22:01 GMT is considered the nominal beginning and end of the trading day. Any positions that are open before or at 22:01 GMT sharp are considered to be held overnight, and are subject to swap. A position opened at 22:02 GMT is not subject to swap until the next day, while a position opened at 22:00 GMT is subject to swap at 22:01 GMT. Please note that all open positions at the close of business on Wednesday at 22:00 GMT incur a three-day swap debit/credit, and bank holidays will affect the number of days that a position is rolled forward. The Trading Hours listed on this website are for US Standard Time. BCR’s Trading Hours may change to reflect the observance of Daylight Savings time in the United States.


Forex CFD Swap

Each currency has an interest rate associated with it, and because Forex is traded in pairs, every trade involves not only two different currencies, but their two different interest rates. If the interest rate on the currency you bought is higher than the interest rate of the currency you sold, then you will earn rollover (positive rate). If the interest rate on the currency you bought is lower than the interest rate on the currency you sold, then you will pay rollover (negative rate).

For example if you buy an AUD/USD contract, and the interbank interest rates are higher in Australia than in the US, then you may receive a swap fee. On the other hand, if the interest rates are higher in the US, then you may have to pay a swap fee. Compared to the profits and losses of a trade, the swap fee is a relatively small amount.
  Central Bank Rates
USD CAD GBP EUR CHF JPY NZD AUD CHN
1.75% 1.25% 0.50% 0.00% -1.25%-0.25% -0.1% 1.75% 1.50% 6.00%

Precious Metals CFD Swap

All open Precious Metal positions are rolled to the next trading day. Depending on whether you are long (buy) or short (sell), you will either be debited or credited swap interest on a daily basis. Any Swap Fees debited or credited will be updated daily.

Please note that all open positions at the close of business on Wednesday at 22:00 GMT incur a three-day swap debit/credit, and bank holidays will affect the number of days that a position is rolled forward. The above Trading Hours are for US Standard Time. BCR’s Trading Hours may change to reflect the observance of Daylight Savings time in the United States.


Index CFD Swap

All open Index CFD positions are rolled to the next trading day. Depending on whether you are long (buy) or short (sell), you will either be debited or credited swap interest on a daily basis. Any Swap Fees debited or credited will be updated daily.


Please note that all open positions at the close of business on Wednesday at 22:00 GMT incur a three-day swap debit/credit, and bank holidays will affect the number of days that a position is rolled forward. The above Trading Hours are for US Standard Time. BCR’s Trading Hours may change to reflect the observance of Daylight Savings time in the United States.


Share CFD Swap

All Share CFDs will remain open until such time the client closes the position(s) or there is insufficient Maintenance Margin in the client's account to support the open position. In this instance the open position(s) will be automatically liquidated by BCR.


  US Crude Oil CFD Expiration Dates 2018
Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Dec.
18th
Jan.
19th
Feb.
19th
Mar.
19th
Apr.
19th
May.
21th
Jun.
19th
Jul.
19th
Aug.
20th
Sep.
19th
Oct.
19th
Nov.
16th

  Brent Crude Oil CFD Expiration Dates 2018
Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Nov.
29th
Dec.
27th
Jan.
30th
Feb.
27th
Mar.
28th
Apr.
27th
May.
30th
Jun.
28th
Jul.
30th
Aug.
30th
Sep.
27th
Oct.
30th

  Natural Gas CFD Expiration Dates 2018
Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Dec.
26th
Jan.
26th
Feb.
23th
Mar.
26th
Apr.
25th
May.
28th
Jun.
26th
Jul.
26th
Aug.
28th
Sep.
25th
Oct.
26th
Nov.
27th

  Copper CFD Expiration Dates 2018
Mar. May. Jul. Sep. Dec.
Feb.
26th
Apr.
26th
Jun.
27th
Aug.
29th
Nov.
28th

  Corn & Wheat CFD Expiration Dates 2018
Mar. May. Jul. Sep. Dec.
Feb.
26th
Apr.
26th
Jun.
27th
Aug.
29th
Nov.
28th

  Soybean CFD Expiration Dates 2018
Mar. May. Jul. Aug. Sep. Nov.
Feb.
26th
Apr.
26th
Jun.
27th
Jul.
27th
Aug.
29th
Oct.
29th

* In order to avoid price volatility, BCR's Expiration Date may not coincide with expiration dates of physical exchanges.


  Start Trading Dates

S & P 500

H = March | M = June | U = September | Z = December

#ESZ7 #ESH8 #ESM8 #ESU8 #ESZ8
Dec. 14th 2017 Mar. 15th 2018 Jun. 14th 2018 Sep. 20th 2018 Dec. 20th 2018

NASDAQ 100

H = March | M = June | U = September | Z = December

#NQZ7 #NQH8 #NQM8 #NQU8 #NQZ8
Dec. 14th 2017 Mar. 15th 2018 Jun. 14th 2018 Sep. 20th 2018 Dec. 20th 2018
Dow Jones(Mini)

H = March | M = June | U = September | Z = December

#YMZ7 #YMH8 #YMM8 #YMU8 #YMZ8
Dec. 14th 2017 Mar. 15th 2018 Jun. 14th 2018 Sep. 20th 2018 Dec. 20th 2018

Nikkei 225

H = March | M = June | U = September | Z = December

#NKDZ7 #NKDH8 #NKDM8 #NKDU8 #NKDZ8
Dec. 6th 2017 Mar. 7th 2018 Jun. 6th 2018 Sep. 12th 2018 Dec. 12th 2018
  Forced Closing of All Open Positions

S & P 500

H = March | M = June | U = September | Z = December

#ESZ7 #ESH8 #ESM8 #ESU8 #ESZ8
Dec. 13th 2017 Mar. 14th 2018 Jun. 13th 2018 Sep. 19th 2018 Dec. 19th 2018

NASDAQ 100

H = March | M = June | U = September | Z = December

#NQZ7 #NQH8 #NQM8 #NQU8 #NQZ8
Dec. 13th 2017 Mar. 14th 2018 Jun. 13th 2018 Sep. 19th 2018 Dec. 19th 2018
Dow Jones(Mini)

H = March | M = June | U = September | Z = December

#YMZ7 #YMH8 #YMM8 #YMU8 #YMZ8
Dec. 13th 2017 Mar. 14th 2018 Jun. 13th 2018 Sep. 19th 2018 Dec. 19th 2018

Nikkei 225

H = March | M = June | U = September | Z = December

#NKDZ7 #NKDH8 #NKDM8 #NKDU8 #NKDZ8
Dec. 5th 2017 Mar. 6th 2018 Jun. 5th 2018 Sep. 11th 2018 Dec. 11th 2018

How to check swap rate on BCR Trader?


  1. Right-click on the Market Watch panel
  2. Click "Symbols"
  3. Click to expand product group(s)
  4. Select a product
  5. Click "Properties"
  6. Scroll down to the Swap section