FAQ – What is a Swap?

A swap (or overnight fee) is a fee or interest adjustment applied when a position is kept open overnight.
It depends on:

• The instrument (Forex pair, index, commodity, etc.)

• The direction of the position (buy or sell)

• The difference in interest rates between currencies (for Forex)

• The position size and leverage

A swap can be positive (you receive interest) or negative (you pay a fee).

While the exact formula may vary, the principle remains:

• Start with the position size

• Apply the swap rate (interest rate differential)

• Consider the direction (buy/sell)

• Multiply by the number of days the position remains open

We display the swap value per lot and per day on our website.

Swap values can:

• Vary over time

• Differ between long and short positions

• Be multiplied on certain days (e.g., triple swap to cover weekends)

1. Trading Conditions / Spreads & Swaps page

• Table of instruments

• Columns: Instrument – Long Swap – Short Swap

2. Individual instrument detail pages

• Spread

• Lot size

• Long & short swap values

3. Inside the trading platform

• Instrument details window showing swaps clearly