Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.63% 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.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.63% 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.

Costs and Associated Charges

This page of our website provides information about the costs and associated charges applicable when trading CFDs with GWTrade. The description of each cost, the methodology used for the calculation of the fees and scenario-based examples can be found in the following sections of this page in order to understand how the fees apply to your account in practice.

*This section is applicable to Retail and Professional Clients. There is no discrimination in the fee calculation methodology between client categorisation.

NOTE: Total trading costs increase proportionally to the volume of the transaction; the higher the trading volume, the higher the cost.

1. Costs and associated charges for the provision of Investment and Ancillary Services

Spread

'Spread' is the difference between the Sell ("Bid") and Buy ("Ask") price of a particular instrument. The spread that the Company charges you reflects, in part, the spread of the underlying exchange where the underlying asset is traded on, plus a mark-up depending on the trading account type and product. Our spreads are variable and subject to charge upon market conditions.

GWTrade Standard: as low as 0.6 pips

GWTrade Gold: as low as 0.6 pips

GWTrade Pro VIP: as low as 0.5 pips

Commission

'/Commission/' is the amount charged when Client enters a CFD transaction and is based on the account type and the notional value of the trade. The total commission fee is charged at the opening of the transaction for both sides at once (opening and closing).

GWTrade Standard: Zero (0)

GWTrade Gold: from $0 / € 0 per lot

GWTrade VIP: from $ 0 / € 0 per lot                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

Overnight Financing Fee (Swaps)

'Overnight Financing/Swap' is the fee charged for all positions held open overnight at the end of the daily trading session (22:00GMT and 21:00GMT during DST) and may be subject to credit or debit depending on the prevailing market. The Company applies a 3-day rollover strategy on Wednesday for all positions held open on FX , Energies and Metals, a 3-day rollover strategy on Thursday for all positions held open on Cryptos and 3-day rollover strategy on Friday for indices. Tripled Swap Explanation: This is an industry standard and is due to the T+2 settlement date of financial instruments to cover the charges incurred by the interbank market over the weekend. Please refer to our website for more information on the swap values.

The swap values are received from the Company's Execution Venues.

Currency Conversion'Currency Conversion for trading' is the exchange rate necessary for converting any realised profits/losses and/or other trading fees when the Client's account currency is different from the quoted currency of the underlying asset being traded. The Company does not apply additional fees for this type of cost. The amounts are converted automatically at the prevailing market prices. 'Currency Conversion for internal transfer' This conversion fee applies only when Clients are transferring funds between accounts with different base currency. Transferring of funds between accounts with different base currency, is subject to exchange rate conversion. The conversion rate used is the ECB reference rate at the date of the transfer.

N/A

Up to 1.5% charge on top of the ECB reference rate

Inactivity Fee'Inactivity fee' applies only to accounts that remain inactive for a period of 6 months (180 calendar days). No fees apply when the free balance equals to zero.€/$ 20 for each inactive month

2. Account Types
Standard

100 Minimum Deposit

Stop Out Level - 50%
Speards from 0.6
Margin Call level - 100%
MT4 Desktop, Mobile, Web Terminal
Min Size - 0.01
Minimum deposit - 100 €/$
Forex commissions - 0 € / $
Metals commissions - 0 € / $
Crypto commissions - 0 € / $
Energies commissions - 0 € / $
Indices commissions - 0 € / $
Stocks commissions - 0 € / $
Futures commissions - 0 € / $
Max Leverage - 1:30
Gold

1,000 Minimum Deposit

Stop Out Level - 50%
Speards from 0.6
Margin Call level - 100%
MT4 Desktop, Mobile, Web Terminal
Min Size - 0.01
Minimum deposit - 1,000 €/$
Forex commissions - 0 € / $
Metals commissions - 0 € / $
Crypto commissions - 0 € / $
Energies commissions - 0 € / $
Indices commissions - 0 € / $
Stocks commissions - 0 € / $
Futures commissions - 0 € / $
Max Leverage - 1:30
VIP

5,000 Minimum Deposit

Stop Out Level - 50%
Speards from 0.5
Margin Call level - 100%
MT4 Desktop, Mobile, Web Terminal
Min Size - 0.10
Minimum deposit - 5,000 €/$
Forex commissions - 0 € / $
Metals commissions - 0 € / $
Crypto commissions - 0 € / $
Energies commissions - 0 € / $
Indices commissions - 0 € / $
Stocks commissions - 0 € / $
Futures commissions - 0 € / $
Max Leverage - 1:30
Professional

10,000 Minimum Deposit

Stop Out Level - 15%
Speards from 0.5
Margin Call level - 80%
MT4 Desktop, Mobile, Web Terminal
Min Size - 0.10
Minimum deposit - 10,000 €/$
Forex commissions - 0 € / $
Metals commissions - 0 € / $
Crypto commissions - 0 € / $
Energies commissions - 0 € / $
Indices commissions 0 € / $
Stocks commissions - 0 € / $
Futures commissions - 0 € / $
Max Leverage - 1:200
3. Calculation Methodology
Spread= (Bid Price – Ask Price) × Volume × Contract Size
Swap Fee= Swap Long/short Points × Volume × Contract Size × Point Size* × Days
*The point size depends on the decimal digits of each CFD Instrument.
Point Size for 5 decimal digits = 0.00001
Point Size for 3 decimal digits = 0.001
Point Size for 2 decimal digits = 0.01
Point Size for 1 decimal digits = 0.1
Convesrion fee= market exchange rate + fee
4. Scenario Based Examples
Account CurrencyEUR
Account TypeGWTrade PROF
BID/ASK Price1.20352 / 1.20355 (Spread 0.3 pips)
Trade Size (Volume x Contract Size)EUR 100,000 (1 Lot x EUR 100,000)
Swap BUY/LONG-2.34 points
End of Day Exchange Rate of EUR/USD1.20485

 

Cost and Associated Charges: 

- Spread: (1.20352 – 1.20355) x 100,000 = -USD 3.00 => -EUR 2.49 

- Swap (1st Day): -2.34 x 1 x 100,000 x 0.00001 x 1 = -USD 2.34 => -EUR 1.94 (-USD 2.34/1.20485)

- Swap (2nd Day): -2.34 x 1 x 100,000 x 0.00001 x 1 = -USD 2.34 => -EUR 1.94 (-USD 2.34/1.20485)

- Swap (3rd Day – triple swap day): -2.34 x 1 x 100,000 x 0.00001 x 3 = -USD 7.02 => -EUR 5.82 (-USD 7.02/1.20485)

- Total Swap Fee = (-1.94) + (-1.94) + (-5.82) = -EUR 9.7 

- Total Cost of the transaction = (-2.49) + (-9.7) = -EUR 18.19 

 

Important Notes: 

The spread and commission is one-off cost and charged upon opening of the transaction at once for both operations (open and close).

The results shown in the calculation been converted from USD to EUR which is the denominated currency of the trading account.

For the purpose of this example, we assume that the end of day exchange rate is the same for all days.

The cumulative swap fee will be deducted from Client's equity upon closing the position.

Account CurrencyUSD
Account TypeGWTrade Standard USD
BID/ASK PriceUSD 1459.72 / 1459.86 (Spread 1.4 pips)
Trade Size (Volume x Contract Size)100 ounces (1 Lot x 100 oz)
Swap SELL/SHORT-3.82 points

 

Cost and Associated Charges:

Spread: (1459.72– 1459.89) x 100 = -USD 14

Swap (1st Day): -3.82 x 1 x 100 x 0.01 x 1 = -USD 3.82

Swap (2st Day): -3.82 x 1 x 100 x 0.01 x 1 = -USD 3.82

Swap (3rd Day – triple swap day): -3.82 x 1 x 100 x 0.01 x 3 = -USD 11.46

Total Swap Fee = (-3.82) + (-3.82) + (-11.46) = -USD 19.1

Total Cost of the transaction = (-14) + (-19.1) = -USD 33.1

 

Important Notes:

  • The spread and commission is one-off cost and charged upon opening of the transaction at once for both operations (open and close).
  • The cumulative swap fee will be deducted from Client's equity upon closing the position.
Account CurrencyEUR
Account TypeGWTrade GOLD
BID/ASK PriceUSD 30,103.8 / 30,105.9 (Spread 2.1 pips)
Trade Size (Volume x Contract Size)1 Index (1 Lot x 1 Indices)
Swap SELL/SHORT-65 points
End of Day Exchange Rate of EUR/USD1.20485
EURUSD Spot1.20385

 

Cost and Associated Charges:

Spread: (30,103.8 – 30,105.9) x 1 (1lot * 1 contract size) = -USD 2.1 => -EUR 1.74 (2.1/(current spot EURUSD) 1.20385

Swap (1st Day): -65 x 1 x 1 x 0.001 x 1 = -USD 0.065 => -EUR 0.053 (-USD 0.065 /1.20485)

Swap (2nd Day): -65 x 1 x 1 x 0.001 x 1 = -USD 0.065 => -EUR 0.053 (-USD 0.065 /1.20485)

Swap (3rd Day – triple swap day): --65 x 1 x 1 x 0.001 x 3 = -USD 0.195 => -EUR 0.161 (-USD 0.195/1.20485)

Total Swap Fee = (-0.053) + (-0.053) + (-0.161) = -EUR

Total Cost of the transaction = (-1.74) + (-0.88) + (-0.12) = -EUR 2.74

 

Important Notes:

  • The spread and commission is one-off cost and charged upon opening of the transaction at once for both operations (open and close).

  • The results shown in the calculation been converted from USD to EUR which is the denominated currency of the trading account.

  • For the purpose of this example, we assume that the end of day exchange rate is the same for all days.

  • The cumulative swap fee will be deducted from Client's equity upon closing the position.

Account CurrencyUSD
Account TypeGWTrade PRO VIP
BID/ASK PriceUSD 44,915.67 / 45064.32 (Spread 148.65 pips)
Trade Size (Volume x Contract Size)0.1 Bitcoin (0.1 Lot x 1 Bitcoin)
Swap SELL/SHORT-1500 points

 

Cost and Associated Charges:

Spread: (44,915.67 – 45,064.32) x 0.1 = -USD 14.87

Swap (1st Day): -1500 x 0.1 x 1 x 0.01 x 1 = -USD 1.5

Swap (2nd Day): -1500 x 0.1 x 1 x 0.01 x 1 = -USD 1.5

Swap (3rd Day – triple swap day): -6.5 x 0.1 x 1 x 0.1 x 3 = -USD -4.5

Total Swap Fee = (-1.5) + (-1.5) + (-4.5) = -USD 7.5

Total Cost of the transaction = (-14.87) + (-7.5) = -USD 22.37

 

Important Notes:

  • The spread and commission is one-off cost and charged upon opening of the transaction at once for both operations (open and close).

  • The cumulative swap fee will be deducted from Client's equity upon closing the position.

Account CurrencyUSD
Account TypeGWTrade GOLD
BID/ASK Price250.52 / 250.72 (Spread 2 pips)
Trade Size (Volume x Contract Size)100 (1 Lot x 100 stocks)
Swap BUY/LONG-2.34 points

 

Cost and Associated Charges:

Spread: (250.72 – 250.52) x 100 = -USD 20

Swap (1st Day): -2.34 x 1 x 100 x 0.01 x 1 = -USD 2.34

Swap (2nd Day): -2.34 x 1 x 100 x 0.01 x 1 = -USD 2.34

Swap (3rd Day – triple swap day): -2.34 x 1 x 100 x 0.01 x 3 = -USD 7.02

Total Swap Fee = (-2.34) + (-2.34) + (-7.02) = -USD 11.7

Total Cost of the transaction = (-20) + (-11.7) = -USD 31.7

 

Important Notes:

  • The spread and commission is one-off cost and charged upon opening of the transaction at once for both operations (open and close).

  • The cumulative swap fee will be deducted from Client's equity upon closing the position.

Account CurrencyEUR
Account TypeGWTrade GOLD
BID/ASK PriceUSD 539/ 540 (Spread 1 pips)
Trade Size (Volume x Contract Size)1 contract (1 Lot x 1 contract)
Swap SELL/SHORT0
End of Day Exchange Rate of EUR/USD1.04
EURUSD Spot1.038
  
Cost and Associated Charges: 
Spread: (539 – 540) x 1 (1lot * 1 contract size) = -USD 1 => -EUR 0.96 (1/(current spot EURUSD) 1.038
Total Cost of the transaction = - EUR 0.96 
  
* No swaps are charged. There will be an adjustment at contract expirattion date. The price difference between old and new contract  in case you hold position at expiration data