The transfer of an open trading position overnight is performed in the Forex market in the form of market swaps (swap).

When performing each trade operation, the purchased currency from the currency pair is deposited (conditionally), and the sold currency is taken on credit.

Since the timing of holding a trading position is not known in advance, deposit and credit charges are made when the open position is rolled over to the next day.

The accrual or write-off of the swap to/from the trading account depends on the difference between the deposit and credit interest rates.

If the deposit rate exceeds the credit rate, then the swap is credited to the trading account.

If the lending rate exceeds the deposit rate, then the swap is debited from the trading account.

Swap can be positive or negative depending on the currency pair and the direction of the transaction (buy or sell).

On the night from Wednesday to Thursday, the swap is charged triple (for Saturday and Sunday).

All positions (depending on the type of account) opened at 23:59:30 by the Time of the Trading Platform (Server Time) are subject to transfer overnight.

The SWAP value is calculated and, accordingly, added or debited from the Client’s account during the time period from 23:59:00 and 00:05:00.

The exact time is set by the Company at its sole discretion.

What is Swap Point (Interest Rate) in the Forex market?

To view swap values ​​in the Meta Trader terminal:

  1. Right-click in the Market Watch window.
  2. Select the Symbols command.
  3. Select the name of the currency pair in the window that opens.
  4. Click the Properties button. Here you will see the values ​​for Swap Long and Swap Short.

Go to FXOpen’s Official Website

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