Trading environment
- All accounts are simulated. We do not execute real orders on the market and we do not hold client funds. Rewards are paid from the own funds of K&L Rock Simulations s.r.o., the company operating Daycano.
- Leverate platform. Instruments: FX pairs, indices, metals, energies, crypto – simulated CFD-type instruments (D.33).
- Raw spread + Commission of 6 USD per lot round-turn – applies to all Instruments.
- If an outage on our side prevents you from closing a position, on request we recalculate the trade to the price at the time of the outage.
- The binding reference point in any dispute is the price displayed on the Daycano trading platform (D.34).
Swap
What it is. If you leave a position open overnight, a fee for carrying it into the next day is charged (or credited). It is called Swap and has nothing to do with price movement – it hits you even when the market stands still. In most cases it is negative, meaning you pay.
When it is charged. At every Rollover at 23:00 CE(S)T (Europe/Prague). On Wednesday and Friday at triple the rate – Wednesday for the next value date, Friday for the weekend.
Swap counts towards both the Max Daily Loss and the Max Overall Loss – and can cause a limit breach on its own.
We make no exception here. Swap is a cost just like Commission and is counted the same way. If you are close to the daily limit and leave a large position open overnight, it can close you out even in a flat market.