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Spreads, Сommissions and Swaps

Swaps are contracts that allow people to manage their risk in which two parties agree to exchange cash flows between a fixed and a floating rate holding. Generally speaking, the party that receives the fixed rate flows on the swap increases their risk that rates will rise.


At the same time, if rates fall, there is the risk that the original owner of the fixed rate flows will renege on a promise to pay that fixed rate. To compensate for these risks, the receiver of the fixed rate requires a fee on top of the fixed rate flows. This is the swap spread.

Our swap rates

What is a swap rate?

A swap rate is a rollover interest (that's earned or paid) for holding positions overnight. We simply make an interest adjustment to your account, which is either a debit or a credit, to reflect the cost of funding your position. The Swap rate is the interest rate charged to lenders who allow the borrower to receive a fixed-rate loan. Start Trading Righ

Trade Share CFDs

Stock trading has been around for centuries and is still the most common way for traders, banks and funds to buy and sell a company’s shares. The first actual stock exchange started trading in London in 1773 and today the market capitalisation of traded stocks worldwide is estimated at more than $70 trillion.

Share dealing & investing

The traditional way of buying and selling company shares is for investors to purchase a stock and wait for an increase in the value, in order to make a profit. This relative long-term strategy means you hold the stock for a period of time so as to have partial ownership in that company. This relative long-term strategy means you hold the stock for a period of time so as to have partial ownership in that company.

Share Trading Derivatives

Share trading is the most common type of derivative trading. It involves buying and selling shares in a company and is open to investors who want to buy, sell or hold shares and companies who wish to raise capital by issuing shares. Trading derivatives can be lucrative, and it's easy to get started. Our trading tools allow you to trade shares in a regulated market, using our platform.

What's the difference between spreads and commission?

Spreads are charged in the quote currency that you are trading. Commission is always charged in the same currency type you use in your account.

How is commission calculated?

Commissions are charged on standard lots traded. So if you trade 0.1 of a lot, the commission is 10% of a standard lot. If you trade 0.01, it's 1%.

Which leverage level is right for you?

This depends on your needs. Increased leverage gives you the ability to enter into larger trades as your margin requirement is reduced. If you decrease your leverage, you decrease the ability to open larger positions as the margin cost is higher. We believe the key to reducing risk is to consider appropriate position sizing for your account.

What's the main difference between Razor and Standard?

Razor: raw spreads and commissions (e.g. 0 pip spread plus AUD$7 commission = total cost AUD$7)

Standard: raw spread + 1 pip increase (e.g. 0 pip spread plus 1 pip = 1 pip)

Many clients see our Standard account as a simpler alternative to the Razor as all fees are included in the spread. Those with particular trading styles, like scalpers and algorithmic traders, may enjoy the lower cost setup traditionally seen in our Razor account.

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"Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”

"Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”

"Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”

Aaron Ballance

Ceo Bitcoin

Jackson Nash

Head of Design

Katy Abrams

Product Manager