Swap is the interest paid or earned for
holding a position overnight. Each symbol has an overnight lending rate
associated with it. Spot trades need to be settled and rolled forward
every day. Swaps are attached to open positions and are realized when
the position is closed.
Overnight interest rates will determine whether the trader
will ultimately pay to hold the position or earn interest.
22:00 (UK Time) is considered the beginning and end of a trade session.
Any positions that are open at 22:00 (UK Time) are considered to be
held overnight, and are subject to rollover.
Swap is calculated
and charged once daily. Globally, most banks are closed on Saturdays and
Sundays, so there is no rollover on these days. Therefore, 3x the
amount of swap is applied on Wednesday to account for these two days.*
*For AUS200, STOXX50, HK50, JP225, DE30, ESP35, UK100, DJ, ND,
S&P500 the 3x swap is applied on Friday, while for USDTRY, USDCAD
& USDRUB the 3x swap is applied on Thursday.
To view the latest swap rates for any of our instruments, please refer to
the MT4 or MT5 Trading platforms.
1. Open MT4 or MT5
2. View > Market Watch
3. Right click on Market Watch and select Symbols
4. Right click on the instrument you want
to check and chose Properties.