EUSwap fees
Find out what swap rates are and how they apply to your positions.
What are swap fees?
A swap fee, also known as an overnight fee, is interest that you receive or pay for holding a position overnight. When you roll a position over to the next working day, you’ll incur a positive swap, where you earn interest from the contract, or a negative swap, where you incur interest from the contract. The amount you receive or pay depends on the instrument you are trading and how long your position is open.
How to find our swap rates
You can find the applicable swap rates directly on your chosen trading platform. Simply follow the steps below:
MT4/MT5
- Click ‘View’ along the top menu
- Select ‘Symbols’
- Select the instrument you want to see the swap rates for and click ‘Properties’
- You can now see the long and short swap rates in the pop-up window
ThinkTrader
- Navigate to the Market Watch
- Add your desired symbols
- Press and hold on any symbol to view the description info
- You can now see the long/short swaps displayed in points
How are swap fees calculated?
Here are the formulas used to calculate the swap rates for every day that a position is held open.
MARKET
Forex
PRODUCT
EUR/GBP
SHORT SWAP IN POINTS
-1.3395
LOTS
2.5
Your account currency is in USD, and you hold 2.5 lots short of EUR/GBP.
FORMULA
Number of lots × amount of short or long swap points
=Swap debit or credit in second currency.
FORMULA
Number of lots × amount of short or long swap points
=Swap debit or credit in second currency.
CALCULATION
2.5 ×-1.3395
=-3.49 GBP converted to USD based on a USD/GBP rate of 0.8925
=-3.91 USD
Swap fee =-3.91 USD
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