Where can I check the swap rates? Why are there triple swap charged?

Modified on Tue, 3 Dec, 2024 at 8:37 PM

You can check the swap rate (overnight interest) on the ForexClub trading platform by following next steps:

  1. MT4 Platform:in the ‘Market Watch’ window, right-click the relevant trading instrument and select ‘Specifications’ to see the current swap rate.

  2. ‘Instrument Specifications’ page:the swap rates for each instrument will also be displayed on the ‘Instrument Specifications’ page of the ForexClub website or trading platform.

But why are there triple swap charges?


Triple swap charges usually occur on Wednesday night (or at the end of the trading day) because the settlement of transactions in the foreign exchange market is calculated two business days later. In order to cover the cost of holding positions over the weekend, the swap rate on Wednesday night will be calculated at three times.

Therefore, if you hold a position overnight on Wednesday, you will see a triple swap charge.

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