RISK WARNING: Contracts for Difference (‘CFDs’) are complex financial products, most of which have no set maturity date. Therefore, a CFD position matures on the date you choose to close an existing open position. CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all of your invested capital. As a result, CFDs may not be suitable for all individuals. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience. You should seek independent advice, if necessary.
The swap for a position opened on Wednesday and held open overnight is three times that of other days; the reason for this is that the value date of a trade held open overnight on a Wednesday would normally be Saturday, but since banks are closed, the value date is Monday and the client incurs an extra 2 (two) days of interest. From Friday to Monday swap is charged once. Please note that the rollover interest rates charged by Uniglobe Markets are based on the interbank rates; Uniglobe Markets updates such rollover interest rates as often as it deems necessary. In addition, you are responsible for checking the applicable swap value prior to placing an instruction for trading. Some trading accounts will be exempted from swaps such as; Islamic religious laws, or swap-free offers for certain time limits. Its your responsibility to check the criteria before starting trading on your account.