Understanding Forex Rollover (Swaps)

A forex rollover/swap is best described as the interest added or deducted for holding any currency trading position open overnight. It is important therefore, to consider the following aspects of rollover/swap charges:

• Rollover/swaps are charged on the client's forex account only on the positions kept open to the next forex trading day.
• The rollover process starts 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 converts them automatically into the account's base currency.
• 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. For the most up-to-date rollover/swap rates, please refer to the Market Watch panel in our MetaTrader 4 and simply follow the steps outlined below:
  • Right click inside the Market Watch
  • Choose Symbols
  • Choose the desired currency pairs in the pop-up window
  • Click the Properties button on the right side
  • Rollover/Swap rates for the particular pair are displayed (Swap long, Swap short)