Get Started
Live Account
Demo Account
Select Country

Swap Rates

 

A forex swap rate or rollover is defined as the overnight interest added or deducted for holding a position open overnight, this can be earned or paid. Swap/Rollover rates are determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’.

 

What you should know about swap rates

 

  • Swaps are applied to your trading account only when positions kept are kept open until the next forex trading day.
  • Swaps are applied when the rollover occurs at the end of day, which is 00:00 server time.
  • Some currency pairs may have negative swap rates on both sides, both ‘long’ and ‘short’.
  • Swap rates are calculated in points, MetaTrader 4 converts them automatically into the base currency of the account.
  • Each currency pair has its own swap charge and is measured on a standard size of 1.0 standard lots (100,000 base units).
  • Swaps are calculated and applied on every trading night. On Wednesday night swaps are charged at triple rate the usual rate.

Overnight Swap Rates

You will able to view the latest swap rates in our Official Blog and also from within your MetaTrader 4 trading terminal by following the process outlined below.

Right click on any instrument in the ‘Market Watch’ section, then left click on the ‘Symbols’ option from the dropdown menu. Select the currency pair from the popup window then left click on the ‘Properties’ button, a new window will open that shows the long and short swap rate for the pair selected.

 

 

THIS WEBSITE USES COOKIES
We use cookies to personalise content and ads and to analyse our traffic. By clicking the OK button, you consent to IC Market's storing your personal data and agree to have read and understood our Privacy Policy.
To find out more about cookies, and how to manage them on Chrome internet browser please click here, for Internet Explorer browser click here, for Firefox browser click here, for Safari browser users click here.

OK