Swap Rates
Trade View’s swap rates are amongst the most competitive in the world.
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Swap Rates
A swap rate or rollover is an interest rate that is paid daily for holding positions overnight. Swap rates are determined by the interest rate difference between the two currencies in which you are trading and are released weekly by professional financial institutions.
About Swap Rates
- Swaps are applied when a position is held overnight till the next trading day
- A Forex pair can have a negative swap on both sides of the trade, Long and Short
- Swap rates are calculated in pips and are then converted to your base currency
- Each currency pair has its own swap rate charges and measured based on one standard lot which is 100,000 units
- Bonus swaps are credited/deducted from Wednesday night to Friday night depending on the symbol
Swaps rates are dynamic and that is why you will be able to find the current swap rates inside the Trade View X Terminal.
Simply log in and open the ‘Market Watch’ module, then on the right of each instrument click on the cog icon ‘Specification’. A window will slide open that shows the long and short swap rate for the pair selected.
