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COMPARE BROKERS -SWAP RATES
Compare Forex Swap Rates (Foreign Exchange Overnight Rollovers) -For Carry, Swing and Long-Term Forex Traders
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FX BROKER |
SAFETY OF FUNDS |
OVERNIGHT RATES |
PLATFORMS / ASSETS |
ACCOUNT |
BROKER'S INFO |
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DUKASCOPY
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN (SWFX) |
REGULATION:
ACCOUNT SEGREGATION:
CORPORATE INFO: The broker was found in 1999 and it is based in Switzerland (Dukascopy Bank) and in Latvia (Dukascopy Europe) CUSTOMER SUPPORT:
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LEVERAGE: 1:300 SWAPS EURUSD: Long (↑): -2.90 USD Short (↓): +2.20 USD GBPUSD: Long (↑): -0.70 USD Short (↓): -0.50 USD USDJPY: Long (↑): +1.10 USD Short (↓): -2.29 USD |
PLATFORMS JForex, JavaTrader, WebTrader, FIX/API Mobile App for iPhone, iPad and Android PAMM: YES DEMO: YES FREE VPS: NO ASSETS:
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MIN. DEPOSIT: $200 (Dukascopy Europe) $5,000 (Dukascopy Bank) DEPOSIT FUNDS:
BONUS: 10% Cash Bonus REBATES: 30% automatic rebate for the 1st month of trading (Rebate link is on the right)
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KEY POINTS
► 30% Rebate Link -for the 1st month of trading
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HOTFOREX
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: STP / ECN |
REGULATION:
ACCOUNT SEGREGATION:
CORPORATE INFO: The broker was found in 2007 and it is based in Cyprus. HotForex is owned by World Finance Top 100 Company CUSTOMER SUPPORT:
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LEVERAGE: 1:1,000 SWAPS EURUSD: Long (↑): -0.36 Short (↓): -0.17 GBPUSD: Long (↑): -0.20 Short (↓): -0.46 USDJPY: Long (↑): -0.18 Short (↓): -0.25 |
PLATFORMS: MetaTrader4, Sirix WebTrader, MAM Platform, Mobile Traders PAMM: YES (v2 PAMM) DEMO: YES FREE VPS: YES for Deposits over $5,000 ASSETS:
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MIN. DEPOSIT: $10 FUND METHODS:
BONUS: 100% Cash Bonus REBATES: $6.4 / lot via Forex-Rebates.com |
KEY POINTS
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IC MARKETS
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN / STP
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REGULATION:
ACCOUNT SEGREGATION:
CORPORATE INFO: The broker was found in 2007 and it is based in Australia. CUSTOMER SUPPORT:
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LEVERAGE: 1:500 SWAPS EURUSD: Long (↑): -0.38 Short (↓): +0.12 GBPUSD: Long (↑): -0.08 Short (↓): -0.03 USDJPY: Long (↑): +0.05 Short (↓): -0.27 |
PLATFORMS: MetaTrader-4, MetaTrader-5, MT4 for iPhone and Android, cTrader, Mobile cTrader cAlgo PAMM: YES DEMO: YES FREE VPS: YES (100 round turn lots per calendar month are required) ASSETS:
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MIN. DEPOSIT: $200 for MT4 account and $1,000 for cTrader account FUND METHODS:
BONUS: NO BONUS REBATES: $1.2 / lot via Forex-Rebates.com |
KEY POINTS
► Register a Demo Account with IC MARKETS ► Register a Real ECN Account with IC MARKETS
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TALLINEX
US TRADERS: YES ISLAMIC ACCOUNTS: YES EXECUTION: ECN |
REGULATION:
ACCOUNT SEGREGATION:
CORPORATE INFO: The broker was found in 2012 and it is based in Esthonia (EU) CUSTOMER SUPPORT:
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LEVERAGE: 1:500 SWAPS EURUSD: Long (↑): -0.42 Short (↓): +0.18 GBPUSD: Long (↑): -0.12 Short (↓): +0.01 USDJPY: Long (↑): +0.14 Short (↓): -0.48 |
PLATFORMS: MT4 for PC, MAC and Linux, PAMM and Mobile Traders PAMM: YES DEMO: YES FREE VPS: YES (minimum monthly volumes 5 lots) ASSETS:
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MIN. DEPOSIT: $100 for ECN Micro and $2,000 for ECN Pro FUND METHODS:
BONUS: 100% Credit Bonus REBATES: Contact Forex-Rebates.com |
KEY POINTS
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COMPARE BROKERS: » DIRECTORY | » TRADE SPREADS | » FOREX REBATES | » FOREX SCALPING | » SWAP RATES | » FUNDS SAFETY
What is an Overnight Swap Rate?
A swap rate refers to an overnight charge that is based on the interest rates of the two countries involved in a currency pair. The swap rate is charged exactly at midnight, according to each broker's time server.
Each Forex pair is the subject of different swap charges. These charges are measured on a standard lot size which means 100,000 base units (usually $100,000).
How Overnight Rates Work?
Swap rates can be positive or negative and that depends on the currency pair you have chosen and the direction you trade. If you choose to go long on a currency offering high-interest rate and you trade against a currency offering low-interest rate then the overnight rate is positive. For example, if you go long on AUDUSD, NZDUSD, AUDCHF, NZDJPY you are paid an overnight rate.
Key Points
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The swap rate is charged exactly at midnight, according to each broker's time server
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The swaps are measured on a standard lot size which means 100,000 base units
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Every Wednesday, the swap value is tripled to cover the Saturday's and Sunday's swap charges
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The swap values can alter at any time based on new interest rate decisions by central banks
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Metals, Energy, Indices and Soft Commodities don't offer interest rates and therefore are the subject of negative swap rates.
COMPARE RATINGS: » OVERALL RATINGS | » TRADING STYLES | » TRADING EXPERIENCE
COMPARE BROKERS: » DIRECTORY | » TRADE SPREADS | » FOREX REBATES | » FOREX SCALPING | » SWAP RATES | » FUNDS SAFETY
■ Forex Swap Rates Comparison
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