CFDs are complex, leveraged products and carry a high risk of rapid capital loss. Most retail investors lose money trading CFDs. You should not trade CFDs unless you understand how they work and can afford to lose the money you invest.
Overnight interest - sometimes called a swap charge - is the daily financing cost applied to a CFD position that is held open past the end of the trading day. Depending on the instrument and the direction of your position, this can be either a debit or a credit on your account.
When is the overnight interest charged?
Positions held in your account past 12:00 AM (EEST, UTC+3) will incur overnight interest. The fee can be positive or negative, depending on the direction of the trade and the product. Overnight interest is calculated and posted to your account on a daily basis. Positions you open and close on the same day before the daily close are not subject to overnight interest.
📄 Note
On Mondays, we charge or credit three days' worth of overnight interest for positions held through the weekend, when financial markets are closed. This is standard market practice.
How is it calculated?
The charge is based on the notional value of your position, the relevant overnight interest rate for that instrument and direction, and the number of days held. It is settled in AUD at the prevailing exchange rate, where conversion is needed.
The exact overnight interest rate for each instrument is shown on its instrument page in the app, alongside the spread, leverage limit and trading hours.
Where can I see the overnight interest I've paid?
- Open the Trading 212 app and switch to your CFD account.
- Go to Menu → History.
- Overnight interest charges and credits appear as separate entries on each affected position.
Further information on Overnight Interest can be found in the PDS.