Swaps are overnight financing fees that are either charged or credited to your account when you keep a trade open overnight or over the weekend.
How do swaps work?
When you hold a position overnight, you may either:
Pay a fee (negative swap), or
Earn a fee (positive swap), depending on the trade direction and instrument.
Swap rates vary based on:
The asset being traded
Whether the position is long (buy) or short (sell)
The size of the position and how long it is held
Where can I find swap rates?
You can check swap rates directly on your trading platform:
Select the asset (e.g., EURUSD)
Click on “Specification”
View:
Swap Long (for buy positions)
Swap Short (for sell positions)
Example
EURUSD Swap Long: -10.43 → You pay to hold buy positions
EURUSD Swap Short: 5.33 → You may earn for sell positions
? Swaps are typically shown in points and depend on your lot size and holding duration.
Triple Swap Charges
To account for the weekend (when markets are closed), swaps are applied as follows:
Forex & Commodities:
Triple swap on Wednesday
Indices & Cryptocurrencies:
Triple swap on Friday
Key Points
Applies only to overnight positions
Can be positive or negative
Impacts overall profitability, especially for long-term trades
Understanding swaps is important for managing costs when holding trades over multiple days.
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