Forex rollover/swaps explained

A forex rollover/swap is the interest paid or earned for holding any trading position open overnight. It is essential to consider the following elements of rollover/swap charges:

  • Rollover/swaps are charged on the client’s live trading account only on the positions kept open until the next forex trading day.
  • The rollover process begins at the end of day, precisely at 23:59 server time.
  • There is a possibility that some currency pairs may have negative rollover/swap rates on both sides (long/short).
  • When the rollover/swap rates are in points, the forex trading platform changes them automatically into the base currency of the account.
  • The rollover/swaps are calculated and applied on every trading night. On Wednesday night rollover/swaps are charged at triple rate.
  • The rollover/swap rates are subject to change. Please refer to the Market Watch panel in our MetaTrader 4 for the most up-to-date rollover/swap rates, and follow the steps outlined below:

Steps

  1. Right-click inside the Market Watch
  2. Select Symbols or Specification
  3. Select the desired currency pairs in the pop-up window
  4. Click the Properties button on the right side
  5. Rollover/swap rates for the specific pair are shown (swap long, swap short)

For the latest rollover swap rates

Choose the desired currency pairs in the pop-up window

Right click inside the Market Watch and choose Specification

Click the Properties button on the right side

Rollover/Swap rates for the particular pair are displayed