Understand overnight financing charges and how they apply to your open positions.
A swap fee (also called a rollover rate or overnight financing charge) is applied when you hold a leveraged position open past the end of a trading day. The charge reflects the cost of borrowing the underlying currency or asset to maintain your leveraged position overnight.
Swap fees can be positive or negative. In some cases, you may actually earn a swap credit rather than paying a charge — this depends on the interest rate differential between the two currencies in a forex pair.
Swaps are applied at 00:00 server time (usually GMT+2) for positions held open.
On Wednesday night, swap is applied three times to account for the weekend settlement period.
Forex markets are closed on weekends; weekend swap is included in the Wednesday charge.
Indicative rates per standard lot (100,000 units). Rates change daily based on interbank rates.
| Pair | Long (Buy) | Short (Sell) |
|---|---|---|
| EUR/USD | -$6.20 | +$1.80 |
| GBP/USD | -$4.50 | +$0.90 |
| USD/JPY | +$2.10 | -$7.40 |
| AUD/USD | -$2.80 | -$1.20 |
| USD/CHF | +$1.50 | -$5.80 |
| EUR/GBP | -$3.90 | +$0.60 |
Indicative only. Actual rates are displayed on the trade order form and updated daily.