A forex rollover/swap is the interest added or deducted for holding a position open overnight (Buy (Long) / Sell (Short).

It is important to consider the following aspects of rollover/swap charges:

  • Rollover/swaps are charged on the clients forex account only on the positions kept open to the next forex trading day
  • The rollover process starts at the end of day 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 accounts 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 5 and simply follow the steps outlined below:
  1. Right click inside the Market Watch
  2. Choose Symbols
  3. Choose the desired currency pairs in the pop-up window
  4. Click the Properties button on the right side
  5. Rollover/Swap rates for the particular pair are displayed (Swap long, Swap short)