Help CenterWhat are Swap Fees and how are they calculated?
Swaps are the interest (fee/commission) you either receive or pay for a trade that you leave open overnight. Swap fees are different depending on the direction of your trade: long swaps and short swaps.
Please be aware that the swap on Wednesday is three times as much as it charges for the following weekend.
How can I look up the Swap specifications?
In the Market Watch section, right-click on a Pair. Choose Specification.
To check values for a long/short swap, scroll below.
What distinguishes a swap short from a swap long?
Swap Short is used to calculate the Swap Fee for leaving open short positions overnight, while Swap Long is used to calculate the fee for keeping long positions open overnight.
How do I determine swaps?
Point Size * Lot Size * Contract Size * Swap Rate is the formula for the swap short cost.
Point Size refers to the size of a Point in decimal places. Since the point is the last digit in the price, one point for EURUSD equals 0.00001.
Lot Size is equal to Lots times 100,000 (or 100,000 for contracts).
An example for a 1 lot trade on EURUSD with a Swap Short value of 6.8255 on EURUSD:
0.00001 * 1 * 100,000 * 6.8255 = 6.8255 USD
This means that if you kept a 1 lot short on EURUSD overnight, you would receive $6.8255 in swaps.
An example for a 1 lot trade on EURUSD with a Swap Long value of -10.23506:
0.00001 * 1 * 100,000 * -10.23506 = -10.23506 USD
This means that if you kept a 1 lot long on EURUSD overnight, you would pay $10.23506 in swaps.