COMPARE BROKERS -SWAP RATES
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 anyday.
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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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DUKASCOPY
US TRADERS: NO ISLAMIC ACCOUNTS: YES EXECUTION: ECN / STP |
REGULATION:
ACCOUNT SEGREGATION:
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:
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MIN. DEPOSIT: $1,000 for Dukascopy Bank FUND METHODS:
REBATES: Currently, there is a rebate plan for all Dukascopy clients. |
KEY POINTS
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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
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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 Saturday and Sunday 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.
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