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

 

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: CFD PROVIDER

 

 

REGULATION:

  • FSA (Seychelles)

ACCOUNT SEGREGATION:

  • YES

CORPORATE INFO:

The broker was founded in 2007 and it is based in Seychelles.

CUSTOMER SUPPORT:

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

CURRENT SWAP RATES

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: NO

DEMO: YES

ASSETS:

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

 

MIN. DEPOSIT:

$200 for the MT4/MT5 or cTrader account

FUND METHODS:

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

BONUS:

NO BONUS

 

KEY POINTS

  • Tight Spreads
  • cTrader and cAlgo plus MT4/MT5
  • Low latency

 

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European Traders are allowed by IC Trading: 

► IC Trading

 

 

DUKASCOPY

» Dukascopy Bank

 

US TRADERS: NO

ISLAMIC ACCOUNTS: YES

EXECUTION: ECN / STP

REGULATION:

  • FINMA (Swiss)

ACCOUNT SEGREGATION:

  • YES

CORPORATE INFO:

The Dukascopy Group was founded in 1999 and it is based in Switzerland.

CURRENT SWAP RATES

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:

$1,000 for Dukascopy Bank

FUND METHODS:

  • Bank Wire
  • Bank Guarantees

 

REBATES:

Currently, there is a rebate plan for all Dukascopy clients.

KEY POINTS

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

 

Dukascopy Accounts

 

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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 do 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 a high-interest rate and you trade against a currency offering a low-interest rate then the overnight rate is positive. For example, if you go long on AUDUSD, NZDUSD, AUDCHF, or 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 Saturday and Sunday 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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