(Average spread, pips)
(Average spread, pips)
Swap rate (Rollover) is the interest earned or paid for holding a position overnight. Our swap rate is a variable rate that is dependent on the currency pair, the applicable swap rate in the interbank markets for the relevant dates.
If you hold a long Australian Dollar / US Dollar (AUD/USD) Position overnight and interest rates are higher in AUD than in USD, then you will
normally receive a Swap Benefit at the MYFX Markets Swap Rate.
This is because you are long the high yielding currency. Conversely, if you were short AUD/USD then you will normally incur a Swap Charge at the MYFX Markets Swap Rate. In circumstances where the two interest rates are near parity, almost equal to each other, a Swap Charge may be imposed for both Long and Short open Positions.
Triple interest is earned/paid on Wednesday-Thursday rollover for Wednesday, Saturday, Sunday.
After you’ve installed our MT4, simply follow the next steps;
1. Right click on a product in the 'Market Watch' window and select 'Symbols'
2. Select the product from the list and then select 'Properties'
3. Swap rates for both long and short positions will appear in the window
Warning: FX market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.
Myfx Markets, the trading name of AXIS INC. , provides you with educational resources to help you become familiar with all the trading features and tools in the trading platform. With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution. FX products are leveraged products and trading FX therefore involves a high level of risk that may not be suitable for everyone. Myfx Markets recommends that you ensure that you fully understand the risks involved before making any decision concerning Myfx Markets' products. Independent advice should be sought if necessary.
Legal: Myfx Markets, the trading name of AXIS INC., is incorporated under registered number 24078IBC2017 by the Registrar of International Business Companies.
Current Disclaimer: The content of this website does not constitute a recommendation and, consequently, you should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire any MYFX Markets' financial products. A Disclosure Document is available here or sending email to email@example.com or by calling +64 9 889 4022, which should be considered prior to acquiring or continuing to hold CFDs. Information about our services, including our fees and charges is also available at those sources.
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