1. What is an "Overnight Swap Fee"?
When an order remains open after the trading day ends, the system will automatically charge an overnight swap fee, also known as a Swap fee or rollover interest.
✅ Essence: It is the cost of holding a position, reflecting the interest from borrowed funds in leveraged trading
✅ Application: Applies to all CFD positions held overnight, including Forex, Gold, Oil, Indices, etc.
2. Charging Time & Multipliers
Item | Description |
Charging Time | At daily settlement (usually 00:00 platform time, equivalent to 05:00 Beijing time) |
Triple Swap Day | Every Wednesday night, triple fees are charged to cover weekend interest |
Exemption | Orders closed within the same day will not be charged |
3. How to Check Swap Fees in MT5
✅ Desktop MT5 Steps:
Open the Market Watch window
Right-click on any instrument → Select “Specification”
In the pop-up, locate:
Swap long (Buy)
Swap short (Sell)
📌 Negative value = customer pays fee
📌 Positive value = customer earns interest (less common)
4. Example (Gold XAUUSD)
Assume the following swap fees for Gold:
Buy: -3.25 points
Sell: -2.10 points
Contract size: 100 oz/lot
Point value: $1
Position: 1 lot Buy
Overnight Fee = Lots × Swap Points × Point Value = 1 × (-3.25) × 1 = -3.25 USD
📌 Meaning the client will be charged USD 3.25 per night until the position is closed.
5. FAQ
Question | Answer |
Will I be charged if I hold for only a few hours? | No. If you close before settlement, no overnight fee applies. |
Is Swap fixed? | No. It varies with market interest rates and liquidity, adjusted by liquidity providers. |
How can I avoid Swap fees? | Close positions intraday, apply for Swap-Free accounts (if available), or avoid holding positions on Wednesday night. |
Does Swap affect stop-out? | Yes. Swap reduces equity, which may accelerate stop-out risk if funds are insufficient. |