Compare Overnight Rates (SWAPS)

COMPARE BROKERS -SWAP RATES

Compare Forex Swap Rates (Foreign Exchange Overnight Rollovers) -For Carry, Swing and Long-Term Forex Traders

FX BROKER

SAFETY OF FUNDS

OVERNIGHT RATES

PLATFORMS / ASSETS

ACCOUNT

BROKER'S INFO

IC MARKETS

» IC MARKETS WEB-SITE

 

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN / STP

 

 

REGULATION:

  • ASIC (Australia -license 335692)

ACCOUNT SEGREGATION:

  • YES

CORPORATE INFO:

The broker was found in 2007 and it is based in Australia.

CUSTOMER SUPPORT:

  • Chinese
  • English
  • French
  • German
  • Italian
  • Japanese
  • Spanish

LEVERAGE: 1:30

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

ASSETS:

  • 56 currency pairs
  • 4 major metals
  • Equities (12 index CFDs)
  • Energies (Brent and WTI)

 

MIN. DEPOSIT:

$200 for MT4 account and $1,000 for cTrader account

FUND METHODS:

  • Bank Wire
  • Credit Card
  • Skrill
  • Webmoney
  • Neteller

BONUS:

NO BONUS

REBATES:

$1.2 / lot

via Forex-Rebates.com

KEY POINTS

  • Tight Spreads
  • cTrader and cAlgo plus MT4
  • Low latency

 

 

► Register with IC Markets

 

Review IC Markets

 

 

DUKASCOPY

» 30% Rebate Link for Dukascopy Europe and Dukascopy Bank (1st month of trading)

 

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN / STP

REGULATION:

  • FCMC, FINMA

ACCOUNT SEGREGATION:

  • YES

CORPORATE INFO:

The Dukascopy Group was found in 1999 and it is based in Switzerland. The Dukascopy Europe is based in Latvia.

LEVERAGE: 1:30

SWAPS

EURUSD:

Long (↑): -1.03

Short (↓): +0.54

GBPUSD:

Long (↑): -0.68

Short (↓): +0.32

USDJPY:

Long (↑): +0.49

Short (↓): -0.85

PLATFORMS:

JavaTrader, JForex Automated, FIX/API

PAMM: YES

DEMO: YES

ASSETS:

  • 60+ currency pairs
  • Gold and Silver
  • Cryptocurrencies
  • A very wide CFD asset index (commodities, shares, and indices)

MIN. DEPOSIT:

$100 for Dukascopy Europe

$5,000 for Dukascopy Bank

FUND METHODS:

  • Bank Wire
  • Credit Cards
  • Bank Guarantees

BONUS:

NO BONUS

REBATES:

Rebate Link

» 30% Rebate Link

KEY POINTS

  • Tight Spreads
  • A wide Forex asset index
  • Reliable broker
  • Fast order execution
  • Low latency

 

► Dukascopy Accounts

 

► Review Dukascopy

 



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

  1. The swap rate is charged exactly at midnight, according to each broker's time server

  2. The swaps are measured on a standard lot size which means 100,000 base units

  3. Every Wednesday, the swap value is tripled to cover the Saturday's and Sunday's swap charges

  4. The swap values can alter at any time based on new interest rate decisions by central banks

  5. Metals, Energy, Indices, and Soft Commodities don't offer interest rates and therefore are the subject of negative swap rates.

 

COMPARE BROKERS: » DIRECTORY | » TRADE SPREADS | » FOREX SCALPING | » SWAP RATES | » FUNDS SAFETY

 

Forex Swap Rates Comparison

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