Swap is the interest adjustment for holding a position overnight. Each CFD instrument has associated swap rates for long and short positions. Swaps may result in either a credit or a charge depending on the position. The trading platform automatically calculates swaps.

The trading day cut off is 22:00 GMT plus one hour during daylight saving time. Positions open at the cut off are subject to rollover. Rollover is the process of applying swap to an open position overnight.

No settlement occurs on Saturdays or Sundays but a three day swap is applied on Wednesday to account for the weekend.

Swap rates are derived from interbank rates plus a broker fee. To view current swap rates please log in to your MT5 account.