COMPARE BROKERS -SWAP RATES
A Forex swap rate is the interest charged or earned for holding a currency position overnight, reflecting the difference between the interest rates of the two currencies involved. Depending on the disparity between the respective central banks’ benchmark rates, this can result in either a cost (debit) or a gain (credit) to the trader’s account.
⚖️ Compare Forex Swap Rates (Foreign Exchange Overnight Rollovers) – For Carry, Swing, and Long-Term Forex Traders (The following SWAP rates are indicative and can change any day)
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FX BROKER |
SAFETY OF FUNDS |
OVERNIGHT RATES |
PLATFORMS / ASSETS |
ACCOUNT |
BROKER'S INFO |
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IC MARKETS
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: CFD PROVIDER
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REGULATION:
ACCOUNT SEGREGATION:
CORPORATE INFO: The broker was founded in 2007 and it is based in Seychelles. CUSTOMER SUPPORT:
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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:
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MIN. DEPOSIT: $200 for the MT4/MT5 or cTrader account FUND METHODS:
BONUS: NO BONUS
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KEY POINTS
► Register with IC Markets
EU traders are not allowed.
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ROBOFOREX
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN/STP |
REGULATION:
ACCOUNT SEGREGATION:
CORPORATE INFO: The broker was founded in 2009 and it is based in Belize. CUSTOMER SUPPORT:
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CURRENT SWAP RATES EURUSD: Long (↑): -0.96 Short (↓): +0.1 GBPUSD: Long (↑): -0.63 Short (↓): -0.25 USDJPY: Long (↑): +1.22 Short (↓): -3.562 |
PLATFORMS: MetaTrader-4, MetaTrader-5, MT4 for iPhone and Android RStocksTrader PAMM: NO (social trading only) DEMO: YES FREE VPS: YES ASSETS:
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MIN. DEPOSIT: $10 for the MT4/MT5 account. FUND METHODS:
BONUS:
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KEY POINTS
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🕒 What is an Overnight Swap Rate?
A swap rate is an overnight charge based on the interest rates of the two countries involved in a currency pair. This charge is applied exactly at midnight, according to each broker’s time server.
Each Forex pair has different swap charges, which are calculated on a standard lot size—usually 100,000 base units (commonly $100,000).
- How Do Overnight Rates Work?
Swap rates can be positive or negative depending on the currency pair and the direction of your trade. If you go long on a currency with a higher interest rate while trading against one with a lower rate, the overnight rate is positive. For example, going long on AUD/USD, NZD/USD, AUD/CHF, or NZD/JPY results in being paid an overnight rate.
Key Points:
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The swap rate is charged exactly at midnight, based on each broker’s time server.
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Swaps are measured on a standard lot size of 100,000 base units.
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Every Wednesday, the swap value is tripled to cover the charges for Saturday and Sunday.
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Swap values can change at any time due to new interest rate decisions by central banks.
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Metals, energy, indices, and soft commodities do not offer interest rates and therefore typically carry negative swap rates.
■ Forex Swap Rates Comparison
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