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Costs and Associated Charges

This page of our website provides information about the costs and associated charges applicable when trading CFDs with GWG. 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

One-Off Costs
Ongoing Charges
Incidental Costs
Type Description Cost and Charges
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.

GWG Standard: as low as 0.8 pips

GWG Gold: as low as 0.0 pips

GWG Pro: as low as 0.0 pips

GWG Pro VIP: as low as 0.0 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)

GWG Standard: Zero (0)

GWG Gold: from $ 7 / € 6 per lot

GWG Pro: from $ 5 / € 4 per lot

GWG Pro VIP: from $ 3.5 / € 3 per lot

Type Description Cost and Charges
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.
Type Description Cost and Charges
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. Cost and Charges per CFD asset class

Standard
GOLD
PRO
PRO VIP
CFD Instrument Commission/lot Spread (as low as)
FX $0 0.9 pips
Metals $0 0.8 pips
CFD Instrument Commission/lot Spread (as low as)
FX $7 0.0 pips
Metals $10 0.0 pips
Oils 0.015% 0.0 pips
Indices $2 0.0 pips
Bitcoin 0.40% 0.0 pips
Cryptos 0.40% 0.0 pips
CFD Instrument Commission/lot Spread (as low as)
FX $5 0.0 pips
Metals $8 0.0 pips
Oils 0.008% 0.0 pips
Indices $1.5 0.0 pips
Bitcoin 0.30% 0.0 pips
Cryptos 0.30% 0.0 pips
CFD Instrument Commission/lot Spread (as low as)
FX $3.5 0.0 pips
Metals $4.5 0.0 pips
Oils 0.004% 0.0 pips
Indices $1 0.0 pips
Bitcoin 0.20% 0.0 pips
Cryptos 0.25% 0.0 pips

3. Calculation Methodology

Spread = (Bid Price – Ask Price) × Volume × Contract Size
Commission = Commission (Per Lot) × Volume
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
Type Description Cost and Charges
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 and Metals, and a 3-day rollover strategy on Friday for all positions held open on Indices and Cryptos. 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.
Type Description Cost and Charges
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

4. SCENARIO-BASED EXAMPLES

CFDs on Forex
CFDs on Commodities
CFDs on Indices
CFDs on Cryptocurrencies
BUY 1 LOT EUR/USD
Account Currency EUR
Account Type GWG PRO
BID/ASK Price 1.20352 / 1.20355 (Spread 0.3 pips)
Trade Size (Volume x Contract Size) EUR 100,000 (1 Lot x EUR 100,000)
Commission EUR 3 per lot
Swap BUY/LONG -2.34 points
End of Day Exchange Rate of EUR/USD 1.20485
Cost and Associated Charges:

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

Commission: -EUR 3 x 1 Lot = -EUR 3.00

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) + (-3.00) + (-9.7) = -EUR 15.19

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.

SELL 1 LOT XAU/USD (Gold)
Account Currency USD
Account Type GWG Standard
BID/ASK Price USD 1459.72 / 1459.86 (Spread 1.4 pips)
Trade Size (Volume x Contract Size) 100 ounces (1 Lot x 100 oz)
Commission USD 0 per lot
Swap SELL/SHORT -3.82 points
Cost and Associated Charges:

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

Commission: -USD 0 x 1 Lot = -USD 0

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) + (-0) + (-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.

SELL 0.1 LOT WS30 (Dow Jones Industrial Average)
Account Currency EUR
Account Type GWG GOLD
BID/ASK Price USD 30,103.8 / 30,105.9 (Spread 2.1 pips)
Trade Size (Volume x Contract Size) 1 Index (0.1 Lot x 10 Indices)
Commission EUR 2 per lot
Swap SELL/SHORT -6.5 points
End of Day Exchange Rate of EUR/USD 1.20485
EURUSD Spot 1.20385
Cost and Associated Charges:

Spread: (30,103.8 – 30,105.9) x 0.1 = -USD 1.47 => -EUR 1.22

Spread: (30,103.8 – 30,105.9) x 1 (0.1*10) = -USD 2.1 => -EUR 1.74 (2.1/(current spot EURUSD) 1.20385

Commission: -EUR 2 x 0.1 Lot = -EUR 0.2

Swap (1st Day): -6.5 x 0.1 x 10 x 0.1 x 1 = -USD 0.65 => -EUR 0.54 (-USD 0.65 /1.20485)

Swap (2nd Day): -6.5 x 0.1 x 10 x 0.1 x 1 = -USD 0.65 => -EUR 0.54 (-USD 0.65 /1.20485)

Swap (3rd Day – triple swap day): -6.5 x 0.1 x 10 x 0.1 x 3 = -USD -1.95 => -EUR 1.61 (-USD 1.95/1.20485)

Total Swap Fee = (-0.54) + (-0.54) + (-1.61) = -EUR 2.69

Total Cost of the transaction = (-1.22) + (-0.2) + (-2.69) = -EUR 4.11

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.

BUY 1 LOT XBT/USD (Bitcoin)
Account Currency USD
Account Type GWG PRO VIP
BID/ASK Price USD 44,915.67 / 45064.32 (Spread 148.65 pips)
Trade Size (Volume x Contract Size) 0.1 Bitcoin (0.1 Lot x 1 Bitcoin)
Commission EUR 0.2% per lot
Swap SELL/SHORT -1500 points
Cost and Associated Charges:

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

Commission: USD 45,064.32 x -0.2% x 0.1 Lot = -USD 9.01

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) + (-9.01) + (-7.5) = -USD 31.38

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.