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
2.25%-2.5% 1.75% 0.75% 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 2019
Jan. (F9) Feb. (G9) Mar. (H9) Apr. (J9) May. (K9) Jun. (M9) Jul. (N9) Aug. (Q9) Sep. (U9) Oct. (V9) Nov. (X9) Dec. (Z9)
Dec.
2018
18th
Jan.
2019
21th
Feb.
2019
19th
Mar.
2019
19th
Apr.
2019
19th
May.
2019
20th
Jun.
2019
19th
Jul.
2019
19th
Aug.
2019
19th
Sep.
2019
19th
Oct.
2019
21th
Nov.
2019
19th

  Brent Crude Oil CFD Expiration Dates 2019
Jan. (F9) Feb. (G9) Mar. (H9) Apr. (J9) May. (K9) Jun. (M9) Jul. (N9) Aug. (Q9) Sep. (U9) Oct. (V9) Nov. (X9) Dec. (Z9)
Nov.
2018
29th
Dec.
2018
27th
Jan.
2019
30th
Feb.
2019
27th
Mar.
2019
28th
Apr.
2019
29th
May.
2019
30th
Jun.
2019
27th
Jul.
2019
30th
Aug.
2019
29th
Sep.
2019
27th
Oct.
2019
30th

  Natural Gas CFD Expiration Dates 2019
Jan. (F9) Feb. (G9) Mar. (H9) Apr. (J9) May. (K9) Jun. (M9) Jul. (N9) Aug. (Q9) Sep. (U9) Oct. (V9) Nov. (X9) Dec. (Z9)
Dec.
2018
26th
Jan.
2019
28th
Feb.
2019
25th
Mar.
2019
26th
Apr.
2019
25th
May.
2019
28th
Jun.
2019
25th
Jul.
2019
26th
Aug.
2019
27th
Sep.
2019
25th
Oct.
2019
28th
Nov.
2019
25th

  Copper CFD Expiration Dates 2019
Mar. (H9) May. (K9) Jul. (N9) Sep. (U9) Dec. (Z9)
Feb.
2019
27th
Apr.
2019
29th
Jun.
2019
27th
Aug.
2019
29th
Nov.
2019
28th

  Corn & Wheat CFD Expiration Dates 2019
Mar. (H9) May. (K9) Jul. (N9) Sep. (U9) Dec. (Z9)
Feb.
2019
28th
Apr.
2019
30th
Jun.
2019
28th
Aug.
2019
30th
Nov.
2019
29th

  Soybean CFD Expiration Dates 2019
Mar. (H9) May. (K9) Jul. (N9) Aug. (Q9) Sep. (U9) Nov. (X9)
Feb.
2019
28th
Apr.
2019
30th
Jun.
2019
28th
Jul.
2019
31th
Aug.
2019
30th
Oct.
2019
31th

* 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

#ESH9 #ESM9 #ESU9 #ESZ9
Dec. 19th 2018 Mar. 13th 2019 Jun. 19th 2019 Sep. 18th 2019

NASDAQ 100

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

#NQH9 #NQM9 #NQU9 #NQZ9
Dec. 19th 2018 Mar. 13th 2019 Jun. 19th 2019 Sep. 18th 2019
Dow Jones(Mini)

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

#YMH9 #YMM9 #YMU9 #YMZ9
Dec. 19th 2018 Mar. 13th 2019 Jun. 19th 2019 Sep. 18th 2019

Nikkei 225

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

#NKDH9 #NKDM9 #NKDU9 #NKDZ9
Dec. 11th 2018 Mar. 5th 2019 Jun. 11th 2019 Sep. 10th 2019
  Forced Closing of All Open Positions

S & P 500

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

#ESH9 #ESM9 #ESU9 #ESZ9
Mar. 15th 2019 Jun. 21th 2019 Sep. 20th 2019 Dec. 20th 2019

NASDAQ 100

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

#NQH9 #NQM9 #NQU9 #NQZ9
Mar. 15th 2019 Jun. 21th 2019 Sep. 20th 2019 Dec. 20th 2019
Dow Jones(Mini)

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

#YMH9 #YMM9 #YMU9 #YMZ9
Mar. 15th 2019 Jun. 21th 2019 Sep. 20th 2019 Dec. 20th 2019

Nikkei 225

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

#NKDH9 #NKDM9 #NKDU9 #NKDZ9
Mar. 7th 2019 Jun. 13th 2019 Sep. 12th 2019 Dec. 12th 2019

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