Cost and Charges
Costs and Charges
Understanding costs and charges helps traders make informed decisions, choose the right broker, and manage their trading expenses effectively.
WSN OFFERS COMPETITIVE FLOATING SPREADS
Spread: When trading CFDs, you must pay the spread, which is the difference between the buy and sell price. You enter a buy trade using the buy price quoted and exit using the sell price. The narrower the spread, the less the price needs to move in your favour before you start to make a profit, or if the price moves against you, a loss. We offer consistently competitive spreads.
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Types of Accounts
EURUSD
GBPUSD
USDCHF
USDJPY
USDCAD
AUDUSD
XAUUSD
XBRUSD
Account
0.2
0.2
0.3
0.2
0.5
0.3
0.8
1.5
WSN OFFERING LOW SWAP FEES ARE PARTICULARLY ATTRACTIVE FOR TRADERS
Holding costs，also known as Swaps: At the end of each trading day (at 12pm GMT+3), any positions open in your account may be subject to a charge called a ‘CFD holding cost’. The holding cost can be positive or negative depending on the direction of your position and the applicable holding rate.
You decide to buy three CFDs on the UK100 at 8237.1 The trade is doing well and its price has increased to 8267.9 by the end of the day. However, it is still some way from your target price of 8290.1 You decide to keep the position open overnight.Calculate your overnight holding costs, For example:the Swap type is in points,Swap long is -2.56,the order swap is 3*0.256（in points）=0.768 £, converted to the base currency of your account,as GBPUSD Bid is 1.29875,so your overnight overnight holding costs charge is 1 USD