The fees described on this page apply to your use of the Derivatives Services on the Swyftx Platform, subject to the Terms and Conditions. Derivatives Services on the Swyftx Platform are available for Wholesale and Retail clients.
Retail clients can find more information about fees, costs and charges in the Product Disclosure Statement (PDS).
Trading fee or commission
A fee charged by Eightcap for the execution of a Transaction of the Derivatives Product. Commission may be applied per contract, at the time of entering into the Transaction by you, charged as a percentage of the notional value of the Transaction.
How is it calculated?
This depends on the underlying asset of the relevant Transaction, see the PDS (where applicable) and Eightcap Client Agreement for further information.
Spread
Spread refers to the variance between the highest price a buyer is willing to pay for a cryptocurrency derivative and the lowest price a seller is willing to accept at any given time. The Spread is applied by Eightcap and is applied via the price that is displayed on the Platform for a particular Derivative Product.
How is it calculated?
The Spread is a dynamic value that fluctuates based on market conditions, including but not limited to, trading volume, volatility, and order book depth.
Overnight Credit/Fee
Refers to the interest added or deducted for holding a Derivative Product during a rollover period, which occurs at a defined time, every 24 hours.
How is it calculated?
An Overnight Rate is calculated using wholesale reference rates provided by Liquidity Providers. Eightcap may add a fee or mark-up to these wholesale reference rates.
Eightcap may also alter the level of the rate applied to each type of Derivative Product at any given time.
Swyftx Pty Ltd (ACN 623 556 730) is a Corporate Authorised Representative (CAR 001315018) (Swyftx) of Eightcap Pty Ltd (ACN 139 495 944) (AFSL 391441) (Eightcap). Under this authorisation, Swyftx is authorised to provide general financial product advice in respect of derivative products to retail clients. Access to any offerings is conditional upon your acceptance of additional terms issued by Swyftx and Eightcap. Services offered by Swyftx on its platform relating to spot (non-leveraged) cryptocurrency trading are not provided or authorised under Eightcap's Australian Financial Services Licence. Eightcap is not responsible for Swyftx's conduct when engaging in these activities. Any financial product advice provided is general advice only and does not take into account your objectives, financial situation and needs. CFDs are highly leveraged products which means both gains and losses are magnified.
The information on this Page is general in nature and is not targeted at the general public of any specific country other than Australia and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements.
Retail Clients Only: You should only trade CFDs if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You should consider the Product Disclosure Statement and Target Market Determination made available by Eightcap before investing.