Spreads and
Swaps

Find the detailed trading costs for the various financial instruments offered by DUO Markets.

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What are Swaps?

Swaps are financial charges that are applied to operations that remain open from one day to the next. Swaps can be positive (payments) or negative (collections), in the case of foreign currency operations this will depend on the rate of interest of the currencies that are being operated and the type of operation (purchase/sale) carried out.

You can view the rates in the "Product Specifications" for each of the instruments in your trading center. Rates are quoted in points and applied to your overnight trading as a spread charge.

SWAP (Points) Long +2.5 Short -1.2
1 Lote (FX)
$2.50
$1.20
Instrument Daily Overnight Triple Charge
FX
SWAPS
Wednesday
Índices
Finance Fee
Friday
Commodities
Finance Fee
None
Equity (CFD)
Finance Fee
None
Futures (CFD)
None
None

What is Rollover?

All futures contracts have an expiration date. When a contract reaches its expiration date, the asset is delivered.

However, DUO Markets offers Futures with CFDs, this means that our contracts do not expire, but move forward into the next period to allow clients to maintain their trading and holding positions. Rollover is priced in points and is applied to your overnight trading as a spread charge.

When a future CFD contract is launched, the expiration date of the next few months is updated based on the expiration date of the current month. The change in the two prices is adjusted to the customer's account to ensure that they do not have any disadvantage with the rollover.

Symbol Product Roll Date
VIX
Volatility Index
12/11/2020
GOLDft
Gold
26/11/2020
SILVERft
Silver
26/11/2020

What is the Spread?

The spread is the differential between the ASK sell price and the BID buy price of an instrument. It can also be considered as the cost that a trader pays to place a trade in his trading account.

The spread value can vary based on:

The BID price and the ASK price

BID price

It is the purchase price (the price that a buyer is willing to pay).

ASK price

It is the selling price (the price that the seller is willing to accept).

The BID price is always lower than the ASK price, this is because buyers seek to buy at a lower price (cheaper) while sellers seek to sell at a higher price (more expensive).

By trading the instruments offered by DUO Markets, you will pay the ASK price when placing a buy order and you will receive the BID price when placing a sell trade, but why?

By executing a buy order at market price, you are agreeing to buy an instrument at the price offered by the “seller”, that is, the ASK price. In the case of a sell order, by liquidating your position at market price, you are agreeing to receive the price offered by the “buyer”, that is, the BID price.