A Forex swap rate is the overnight or rollover interest that is earned or paid for holding positions overnight in the foreign exchange market
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What is a swap rate?
A swap charge is based on the interest rates of the countries involved in each currency pair and whether the position is short (sell) or long (buy). In any one currency pair, the interest is paid on the currency sold and received on the currency bought.
Swap charges are released weekly by the financial institutions we work closely with and are calculated based on market conditions and risk-management analysis. Each currency pair has its own swap charge and is measured on a standard 1.0 lot size or 100,000 base units.
How to view swap charges on MT4?
To view Swap Rates on you MT4 trading platfrom, follow these steps:
1) Click View – Market Watch
2) Right Click on Market Watch and Select Symbols
3) Click on the Pair that you would like to View Swap Rates
4) Click on Properties when you clicked on the Pair
Why choose iQuoto?
Regulated by the Financial Conduct Authority
Negative Balance Protection
No restrictions on trading styles
Trade on MetaTrader 4
Quick trade execution
Deep liquidity pools from top tier providers
Spreads from 0.0pips on FX
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MetaTrader 4 trading platform
Online trading through MetaTrader 4, which is accessible via Windows, iPhone, iPad and Android devices.
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Our products are aimed at retail clients, professional clients and institutional clients. FX and CFDS are complex leveraged products which are traded on margin. Trading in FX and CFDs is high risk and may not be suitable for everyone, ensure that you fully understand the risks. You may sustain a loss of some or all of your invested capital. For more information please refer to our Risk Disclosure.
80% of retail investor accounts lose money when trading CFDs with iQuoto.
iQuoto Limited is an Appointed Respresentaive (FRN 826970) of Kapwealth Limited a firm, authorised and regulated by the Financial Conduct Authority.
iQuoto Limited doesn’t hold any client funds and uses third-party custodian services. These services are authorised and regulated by the Financial Conduct Authority and are fully regulated to hold client money for the purpose of investment.