What is Swap?
4XC
Last Update há 6 meses
Swap (overnight fee) refers to the overnight financing costs associated with holding positions open overnight. These swaps, also known as rollover or overnight financing fees, are incurred when a position is held open overnight and are based on the interest rate differential between the two currencies or the underlying asset.
The swap is charged every night on rollover and on Wednesdays is charged triple (as it includes previous weekend). The triple swap is charged when rolling over the position from Wednesday to Thursday.
You can check swap fees on a trading terminal on instrument Specifications.
Depending whether your position is long or short and based on the asset you are trading, you can have a positive or negative swap.
