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.

How are swap charges calculated?

🔹Forex Pairs: Swap rates in forex trading depend on the interest rate difference between the two currencies. If you hold a long position in a currency with a higher interest rate, you may receive a positive swap. On the other hand, if you hold a short position or trade pairs with lower rate differentials, you may incur a negative swap charge.
🔹Commodities & Indices: Swap fees on commodities and indices are based on financing costs and broker fees, which fluctuate daily according to market conditions.
🔹Cryptocurrencies: Due to the high volatility and unique liquidity conditions of crypto trading, swap rates for cryptocurrencies tend to be higher and can change significantly.

Where can you find swap rate information?

To check the current swap rates 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.

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.

Open an account with Eurotrader today!