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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)


Rollover

RISK WARNING: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.

RISK WARNING: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.

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