Swap Rates
At SwiftTrader, our swap rates are among the most competitive in the industry. Optimise your overnight earnings or minimise your swap expenses across our extensive selection of trading products.
Understanding Forex Swap Rates
A forex swap rate, often referred to as a rollover, is the overnight interest that is either added or deducted when you hold a position open beyond a trading day. These rates are influenced by the interest rate differential between the two currencies in the pair and whether you are in a long or short position.
Key Points About Swap Rates
- Swap rates apply only when positions are held until the next trading day.
- Some currency pairs may incur negative swap rates for both long and short positions.
- Swap rates are expressed in points, and MetaTrader 4 and 5 automatically convert them into your account’s base currency.
- Each currency pair has a distinct swap charge, calculated based on a standard lot size of 1.0 (100,000 base units).
- On Wednesday nights, swap rates for FX, Metals, Bonds, and CFDs on Commodities are charged at triple the usual rate, while Friday nights for Energies, Indices, and Cryptocurrencies are similarly charged at triple.
Accessing Overnight Swap Rates
- Access the latest swap rates directly in your MetaTrader 5 trading terminal.
- Right-click on any instrument in the ‘Market Watch’ section, select ‘Specification’ from the dropdown menu, and a new window will display the long and short swap rates for the chosen pair
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