Swap charges apply only to accounts or positions subject to standard swap conditions. Eligible Swap-Free Accounts are generally not charged standard overnight swaps while Swap-Free status remains active. For more information, please refer to the Swap-Free Account Terms and Fair Use Policy.
There are three types of swap on our platform:
Swap = Swap long/short × number of days × lot size × Point Value
1. Swap in Points
Formula: Swap = Swap Rate (points) × Point Value × Lots
Example:
You open a buy order of 5 lots of USDTRY, point value = 1.14 USD.
If long swap = –11.35 →
Swap = 1.14 × (–11.35) = –12.94 USD per day.
Additional Example:
Trade: Buy 2 lots EURUSD
Swap Rate (Long): –7.25 points
Point Value: $1 per point per lot
Lots: 2
Calculation:
Swap = –7.25 × 1 × 2 = –14.50 USD per day
👉 Result: You will be charged –14.50 USD per day for holding this long EURUSD trade.
2. Swap in Margin Currency:
A fixed money amount is set per lot for longs/shorts in the margin currency.
Value is converted to your deposit currency if needed.
You opened a buy (long) order of 1 lot USDJPY with a Standard Account on Monday at 14:00 and held it overnight, closing it on Tuesday before 24:00 (12:00 AM server time).
Example:
Trade: 1 lot GBPUSD
Swap Long: –6 GBP (per lot per day)
Account Currency: USD
Conversion Rate: 1 GBP = 1.25 USD
Calculation:
Swap = –6 × 1.25 = –7.50 USD per day
👉 Result: You will be charged –7.50 USD per day for holding this trade.
3. Swap in Percentage by Current Price:
Formula: Swap = [{(Cost of 1 lot × Volume in lots × Swap size (%)) ÷ 100} ÷ 360]
Example:
Current Price: 1.1000 (USD per EUR)
Contract Size: 100,000 (base currency units per lot)
Volume: 1.0 lot
Swap Rate (Long, annual): –1.5%
Days in year used: 360
Calculation:
Cost of 1 lot = 1.1000 × 100,000 = 110,000 USD
Annual swap value = 110,000 × (–1.5 / 100) = –1,650 USD
Daily swap = –1,650 ÷ 360 = –4.583333... ≈ –4.58 USD
👉 Result: The trader loses $4.58 USD for holding this 1-lot EURUSD (long) position overnight.
This charge is negative and is deducted from your trading account balance. If it were positive, no swap charge would be applied.
Note that this is just an example and this can vary depending on the instrument.