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Swap Rates

What is a Swap Rate?

A forex swap rate is defined as rollover or overnight interest that is added or deducted for holding a FX positions overnight.

A swap charge is determined based on the difference between the interest rates in the respective countries involved and whether the position is short or long.

SWAP at MYFX Markets

  • Some currency pairs may have negative swap rates on both long and short positions.
  • Swaps are only applied when positions are kept until the next FX trading day.
  • On Wednesday nights, swaps are charged at triple the usual rate to incur weekend hold costs

SEE OUR SWAP RATES

You can access our real-time swap rates through the MT4 trading platform

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

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