A Swap (also known as a rollover fee) is an overnight interest adjustment applied when you keep a trading position open overnight.
The swap amount is based on the interest rate difference between the two currencies in the pair and is calculated according to whether your position is Long (Buy) or Short (Sell).
Swap Calculation:
Daily Overnight Swap = Number of Nights × Swap Rate (Buy/Sell) × Number of Lots × Point Value
Point Value = Contract Size × Number of Decimals in the Pair
Important:
Depending on the trading instrument, a triple swap charge may apply on either Wednesday or Friday at 23:59 server time. This adjustment accounts for weekend settlement days when markets are closed.
Comments
0 comments
Article is closed for comments.