What is a swap or rollover fee?

A swap (also called a rollover fee) is a fee charged or credited when you hold an open position overnight past the market rollover time (typically 00:00 server time).

How it works:

• Swap is based on the interest rate differential between the two currencies in a forex pair, or the financing cost for other instruments.
• It can be positive (you receive a credit) or negative (you pay a fee), depending on the direction of your trade and the instrument.

Triple swap on Wednesday:

• MT5 accounts triple the swap charge on Wednesdays to account for the weekend (Saturday and Sunday).

Where to see swap rates:

• In MT5, right-click on an instrument in Market Watch and select Specification.
• Swap rates are listed as Swap Long and Swap Short in points.

Swap-free accounts: Available on request. Contact support to check eligibility.