JonJaa
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Posts posted by JonJaa
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Hi Arvin. Thanks very much for your prompt and clear explanation.
Are the historical swap rates perhaps available somewhere, i.e. going back a few years?
Thanks again
Jon
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6 hours ago, ArvinIG said:
Hi @JonJaa,
The daily estimated overnight funding rates for forex (tom-next rate plus our admin fee) and commodities (basis adjustment plus our admin fee) can be viewed in our platform. We call them swap rates.
For short positions we’ll apply the ‘swap bid’ rate, and for long positions we’ll apply the ‘swap offer’ rate.
You can find more details here.
All the best - Arvin -
Please confirm/ correct my understanding that follows of the quoted swap bid (swap offer) for CFDs for each forex market: this is the overnight fee in the quote currency if I am long (short) respectively on 1 standard lot of 100,000 units? Also I understand that these figures exclude the IG overnight admin fee? Thanks
Swap bid and swap offer meaning
in IG Trading Support - Dealing Questions
Posted
Thanks very much once again for the follow up @ArvinIG!