What Is the Swap Fee in Commodities?
The swap fee in Commodities is an overnight charge or credit on any position still open at the daily rollover, at 05.00 WIB (04.00 WIB during US Daylight Saving Time). The swap rate is set daily and shown in pips per lot, and it can be a debit or a credit, depending on the rate and on your direction (Long or Short). Swap charges carry 11% VAT. A position you open and close between two rollovers pays no swap. For gold and silver, the Thursday rollover applies three days of swap at once to cover the weekend. For Brent crude, check the Swap Fee entries in Transaction History to see which rollover carried the weekend.
- How it's calculated: Swap per day = swap rate (in pips) × pip value × number of lots, plus 11% VAT when it's a charge.
- Debit or credit: It depends on the swap rate and on whether your position is Long or Short.
- Triple swap: Gold (XAUUSD) and silver (XAGUSD) are charged three days at the Thursday rollover, covering the weekend. For Brent crude (UKOUSD), check the Swap Fee entries in Transaction History to see which rollover carried the weekend. Around market holidays, the extra days can fall on a different rollover.
- Where to see it: The app shows it as a "Swap Fee" entry in Transaction History, shortly after the rollover.
Illustrative example: 10 lots of gold (XAUUSD) at a swap rate of 80 pips (an illustrative rate, not a live one)
| Item | Amount |
|---|---|
| Swap per day (80 pips × US$0.01 pip value × 10 lots) | US$8.00 |
| VAT on swap (11%) | US$0.88 |
| Total per day | US$8.88 |
| Total for two days | US$17.76 |
Related questions:
Q: Can the swap be a credit instead of a charge?
Yes. Depending on the swap rate and on whether your position is Long or Short, a position can receive a swap credit instead of paying a charge. A credit adds to your result. For tax, a swap credit counts as a gain that you report yourself.
Q: How can I avoid paying swap?
Swap applies only to positions still open at the daily rollover at 05.00 WIB (04.00 WIB during US Daylight Saving Time). A position you open and close between two rollovers pays none. If you hold gold or silver through the Thursday rollover, three days of swap are applied at once.
Q: When does the swap show up in the app?
Shortly after the rollover, as a "Swap Fee" entry in Transaction History. If your USD Margin (Commodities) balance changes shortly after 05.00 WIB (04.00 WIB during US Daylight Saving Time), the swap is a likely reason.
Q: How does swap affect my profit or loss?
Swap is part of your net result. Net P&L = gross P&L − JFX & KBI fee − VAT − swap charges, plus any swap credits. A charge lowers your result and a credit raises it, so the longer you hold a position, the more swap matters.