What are swaps?

Definition

Swaps are overnight financing fees that are either charged or credited to your account when you keep a trade open overnight or over the weekend.

How do swaps work?

When you hold a position overnight, you may either:

• Pay a fee (negative swap), or
• Earn a fee (positive swap)

This depends on:

• The direction of the trade (buy or sell)
• The instrument being traded
• The size of the position and how long it is held

Where can I find swap rates?

You can view swap rates directly on your trading platform:

• Select the asset (e.g., EURUSD)
• Click on “Specification”
• Check:
  • Swap Long (buy positions)
  • Swap Short (sell positions)

Example

• EURUSD Swap Long: -10.43 → You pay to hold buy positions
• EURUSD Swap Short: 5.33 → You may earn for sell positions

Swaps are typically shown in points and depend on lot size and holding duration.

Triple Swap Charges

To account for weekend market closure, swaps are applied as follows:

• Forex & Commodities: triple swap on Wednesday
• Indices & Cryptocurrencies: triple swap on Friday

Key Points

• Applies only to overnight positions
• Can be positive or negative
• Impacts overall profitability, especially for longer-term trades

Final Note

Understanding swaps is important for managing trading costs when holding positions over multiple days.