A forex swap rate or rollover is defined as the overnight interest added or deducted for holding a position open overnight, it can be earned or paid. Swap 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’.
Swaps are applied to your trading account only when positions are kept open until the next forex trading day.
Swaps are calculated and applied on every trading night. On Wednesday night swaps are charged at triple rate of the usual rate.
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 applied when the rollover occurs at the end of day.
You will able to view the swap rates from within your MetaTrader 4 trading terminal by following a simple process outlined below.
Right click on any instrument in the ‘Market Watch’ section
A new window will open that shows the long and short swap rate for the pair selected
The popular platform choice of traders around the globe.
We offer a variety of 60+ trading instruments in forex, precious metals, global indices and oil..
Focusing on your trading experience,at AxCap247 we offer a trading account designed to suit your needs.
Try our MT4 platform risk-free in the demo trading environment.
OPEN DEMO ACCOUNTAccess forex, precious metals, global indices and oil markets today.
OPEN LIVE ACCOUNTCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
