Swap Rates

Swap rates at MYFX Markets refer to the interest paid or received for holding positions overnight, varying based on the financial instrument and market conditions, and playing a crucial role in your trading strategy.

What is a Swap Rate?

A forex swap rate, also known as rollover or overnight interest, is an amount added or deducted when holding a FX position overnight. This charge is calculated based on the interest rate differential between the countries of the traded currencies and the position's duration.

SWAP at MYFX Markets

Negative swap rates can be observed on both long and short positions in certain currency pairs.

Swaps are solely incurred when positions are held overnight until the following FX trading day.

On Wednesday nights, swap rates are tripled to account for weekend holding expenses.

See Our Swap Rates

You can access our real-time swap rates through the MT4/MT5 trading platform.

After you’ve installed our MT4/MT5, simply follow the next steps;

Step 1

Right click on a product in the 'Market Watch' window and select 'Symbols'

Step 2

Select the product from the list and then select 'Properties'

Step 3

Swap rates for both long and short positions will appear in the window

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