Swap Rates
The Ohio Markets swap rates are amongst the most competitive in the world. Maximise your overnight swap earnings or reduce your swap costs across our wide range of products.
What Is a Forex Swap Rate?
A Forex swap rate, also known as a rollover, is the interest that is either credited or charged when a trading position is held open overnight. Swap rates are based on the interest rate difference between the two currencies in a currency pair and depend on whether the position is long (buy) or short (sell).
If you hold a trade past the daily market rollover time, the swap is automatically applied to your account.
What You Should Know About Swap Rates
Swap charges apply only to positions held overnight
Some currency pairs may have negative swap rates on both long and short positions
Swap rates are quoted in points, and MetaTrader 4 and MetaTrader 5 automatically convert them into your account’s base currency
Each instrument has its own specific swap rate, calculated on a standard contract size of 1.0 lot (100,000 base units)
Triple swaps are applied to account for weekend settlement:
Wednesday night: Forex, Metals, Bonds, and Commodity CFDs
Friday night: Energies, Indices, and Cryptocurrencies
How to Check Overnight Swap Rates
You can view the most up-to-date swap rates directly within your trading platform by following these steps:
Right-click on any instrument in the Market Watch window
Select Specification from the dropdown menu
A new window will display the long and short swap rates for the selected instrument
Important Note
Swap rates may change over time due to fluctuations in global interest rates and market conditions. Always refer to your trading terminal for the most accurate and current swap information.