Swap Rates

WaveTrade's swap rates are among the most competitive in the world. Maximize your overnight swap earnings or reduce your swap costs across our wide range of products.

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Forex Swap Rate: What Is It?

A forex swap rate, or rollover, is the overnight interest added or deducted for holding a position open overnight. Swap rates are determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is long or short.

What You Should Know About Swap Rates

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Swaps are applied only when positions are kept open until the next forex trading day.
Some currency pairs may have negative swap rates on both sides, both 'long' and 'short'.
Swap rates are calculated in points; MetaTrader 4 and 5 convert them automatically into the base currency of your account.
Each currency pair has its own swap charge and is measured on a standard size of 1.0 lots (100,000 base units).
On Wednesday night, swaps for FX, Metals and CFDs on Commodities are charged at a triple rate. On Friday night, swaps for Energies, Indices, and Cryptocurrencies are charged at a triple rate.

Overnight Swap Rates

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You can view the latest swap rates within your MetaTrader 5 trading terminals by following the process outlined below:

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Right-click on any instrument in the 'Market Watch' section.
Left-click on the 'Specification' option from the dropdown menu.
A new window will open that shows the long and short swap rates for the selected pair.

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