What are Swaps?

Trading CFDs with leverage means that the company is lending money.

As a result, traders are required to pay interest to the lender each day for the positions that are rolled over to the next day.
Swaps essentially is the interest that needs to be paid on the leveraged capital given. 

However, this fee can be avoided by simply closing your trade before the end of the trading day. 

All swap charges are displayed in "information" (highlighted in yellow below) prior to opening a trade.
Trading times are also displayed (highlighted in red below), as to know when the trading day ends in your respective region. 

Please note that triple swaps on Wednesdays apply to cover weekend swaps. 
Once again, these charges can be avoided if positions are closed prior. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please click here for the CFDs risk warning which specifies the % of retail investor accounts that lose money on a 12 month period on our platform. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.