Rollovers/Swaps are applied based on the ‘value’ date and not ‘traded’ date. The value date for transactions is usually two days subsequent to the transaction date thus the value date for Wednesday is Friday. Therefore, if the position is not closed on Wednesday and is closed on Thursday, the value date is moved from Friday to Monday, thus you will be charged for 3 nights. Example of value dates:
| Open trade | Close trade | No. of ‘Rollover’ days |
|---|---|---|
| Monday | Tuesday | 1 |
| Tuesday | Wednesday | 1 |
| Wednesday | Thursday | 3 |
| Thursday | Friday | 1 |
| Friday | Monday | 1 |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.