The swap rate — also known as the overnight financing fee — at Eurotrader varies based on multiple factors, including asset class, position size, market interest rates, and whether the trade is long or short. Swaps are typically calculated using the interest rate differential between the two currencies in a forex pair or based on financing rates for other asset classes.

The broker typically provides the Swap Rate which can be quoted as a positive or negative value depending on whether you are long or short in the position.

Where can you find swap rate information?

To check the current swap value for any instrument, you can:
🔹Visit Eurotrader’s website under the Contract Specifications section.
🔹Access the trading platform and click on View > Symbols to check swap details for each asset.
🔹Contact Eurotrader’s support team for precise, up-to-date information.

How to Calculate a Swap?

Swaps are calculated using the following formulas:

For Standard Swap Calculation:
SWAP = 1 point value * swap value in contract

For Interest Rate-Based Swap Calculation:
SWAP = Volume * Contract size * Price at swap time * swap value / 100 / 360

Swap-Free trading accounts

For traders following Islamic finance principles, Eurotrader offers swap-free (Islamic) accounts that comply with Sharia law, meaning no interest is charged or received for overnight positions.

By understanding swap rates and how they apply to your trades, you can better manage your trading costs and optimize your strategy.

To simplify swap calculation, you can use Eurotrader's all-in-one trading calculator, available on our website.

Need more details? Our support team is always here to help.

Open an account with Eurotrader today!