Swap Overnight

Swap Overnight

The Swap Overnight or Financing Rate is an interest rate credited or debited to the trading account in order to hold a trading position open overnight.
The swap overnight is applied once per day during rollover time.

The financing rates are different for each trading instrument and the amount differs between long (buy) and short (sell) legs.

For the above reason, the best way to check the swaps overnight rate applied to a specific currency pair is to look at the symbols specification within the MT4 platform.

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