Swap is the fee charged for holding a position open overnight. It refers to the interest rate difference between the two traded currencies and is determined according to whether your position is long or short. Swaps are calculated and applied on every trading night. On Wednesday night swaps are charged at triple rate to account for the weekend. Just enter the currency pair you want to trade, along with the trade size and your account currency, and then click ‘Calculate’ to determine the swap fee.
The calculators are supplied by TeleTrade as auxiliary tools serving informational purposes solely. Data for the calculations is sourced from TeleTrade's trading servers and there could be delays before it appears on the website. Due to the possible feed delay and the rounding of values, the displayed calculation results may deviate from the actual parameter values applicable in the market.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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