When you trade CFDs, you'll come across something called spread. These fees are important to be aware of as they affect the price of the asset you're trading. The spread is the difference between the Buy and Sell prices of a certain asset. Essentially, the asset price you see is slightly higher than its actual market value at the moment if you're buying, or lower if you're selling.

Spread fees are present on all trading platforms, and they can vary depending on what you're trading and even the time of day. This variation is influenced by market liquidity and volatility, which refers to the number of people trading that particular asset at any given time. The good news, however, is that our spreads are among the most affordable in the industry. You can check the average spread for every CFD instrument within a predefined period of time on our Contracts Specifications page.

An overnight fee is charged when you keep a trading position open overnight. At around 23:59 GMT+2 each day, the swap fee is either credited to or withdrawn from your trading account until you close the position. The swap fee amount is tripled on Wednesdays or Fridays, depending on the asset. Why? It's meant to compensate for the upcoming weekend when no swap fees are charged.

The exact amount of the swap fee depends on the market's interest rates. These rates can change over time, so keeping an eye on them is a good idea. However, it's worth noting that the overnight swap fees at Change are comparatively low.