It is important to understand any fees which may be included in your journey with 24k Markets.
Trading Commission Fees:
Please keep in mind that you will be charged the following amount based on the currency symbol on your account.
Our commission fees are as follows:
- Cryptos – 10 per lot
- Energies – 8 per lot
- EU Shares – 8 per lot
- Standard Forex – 7 per lot
- Forex Pro – 8 per lot
- Indexes – 7 per lot
- Metals – 10 per lot
- Mini Forex – 1 per lot
- Mini Indexes – 8 per lot
- US Shares – 8 per lot
Swap Short/Long Fees:
Keeping short or long positions open overnight is referred to as a swap short or swap long.
Every pair has a separate swap cost, which you can view by selecting Specifications from the context menu when you right-click or press on the pair or instrument. You can take a look by either opening a Demo Account or a Live Trading Account.
Swap rates come from the interest rates of the central banks of the two currencies that you are trading with.
- Swap Short is when a short position (Sell) is kept open overnight.
- Swap Long is when a long position (Buy) is kept open overnight.
This is how you can calculate the swap fee:
- Swap Long: One Point x Trade Size x Swap Long in Points
- Swap Short: One Point x Trade Size x Swap Short in Points
It should be noted that pairs that close over the weekend will be charged a triple swap. To compensate for the two days the market is closed, this is charged on a specific day, typically a Wednesday but occasionally another day.
In the Symbol Properties box on the mobile app, you can view the swap prices, contract sizes, swap long, swap short, and triple swap days for various instruments. Right-click a symbol in the Market Watch window on the desktop app and choose Specification.