Swap Rates (Swaps)

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Chart illustrating interest rates || رسم بياني لأسعار الفائدة

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What are Swap Rates?

Swap Rates refer to the fees charged by the broker on a particular trade or position when it is kept open for an additional day. If you want to keep your position open, you must pay a certain interest on the foreign exchange or futures contract you sell, and you may also receive interest on the currency you buy.
Swap rates are determined by the interest rates of the countries in which the currencies are traded, in addition to factors such as market movement, trading volume, and current market conditions playing a major role in determining these rates.

Table of currency exchange rates || جدول لأسعار تبادل العملات

Swap Rates

How much are the swap rates at OW Markets broker?

Discover the swap rates at OW Markets, where we offer exceptional trading conditions for a smooth and comfortable trading experience. Enjoy the best swap rates available in the market along with special trading conditions.

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srSwap Rates

The hereinafter table shows OW Markets swap rates.

Symbol	Long	Short
AUDCAD	3.6470	-8.0850
AUDCHF	5.4150	-9.0160
AUDJPY	7.8200	-13.5820
AUDNZD	5.5510	-11.2930
AUDSGD	4.8540	-10.1090
AUDUSD	0.1190	-2.2430
BCHUSD	-23%	1.7%
BTCUSD	-23%	1.7%
CADCHF	2.6180	-5.4050
CADJPY	2.2870	-6.4520
CHFJPY	-9.5220	3.0520
DAX40	-4.2810	0.6150
DOTUSD	-23%	1.7%
ETHUSD	-23%	1.7%
EURAUD	-12.7420	5.9930
EURCAD	-2.2200	-2.8180
EURCHF	2.3210	-5.9460
EURGBP	-5.3130	2.0570
EURJPY	4.0720	-10.5110
EURMXN	-343.8040	151.3340
EURNOK	-94.1160	26.5540
EURNZD	-4.1060	-1.9210
EURSEK	-8.6830	-49.1510
EURSGD	-0.0120	-8.5220
EURTRY	-1977.7010	-937.2850
EURUSD	-7.0840	2.4910
FTSE100	-7.8040	0.6680
GBPAUD	-5.8420	0.3320
GBPCAD	4.6920	-12.1330
GBPCHF	9.0610	-15.3530
GBPJPY	12.3000	-22.4710
GBPNZD	4.5390	-13.0870
GBPSEK	45.3820	-108.0540
GBPUSD	-2.7490	-0.9320
LTCUSD	-23%	1.7%
NQ100	-5.9000	1.8110
NZDCAD	-0.7480	-1.9550
NZDCHF	2.4140	-4.7380
NZDJPY	2.3890	-5.9570
NZDUSD	-3.2200	1.0880
SGDJPY	-0.6440	-4.4390
SP500	-5.9000	1.8110
UKOIL	31.6460	-105.8120
US30	-5.9000	1.8110
USDCAD	3.3660	-8.4300
USDCHF	7.3870	-12.4780
USDCNH	26.0870	-72.1170
USDHKD	-13.1330	-31.5330
USDJPY	8.9930	-16.3530
USDMXN	-219.1900	74.7150
USDNOK	-37.6400	-11.4660
USDSEK	26.1380	-86.7680
USDSGD	4.5650	-12.8000
USDTRY	-1687.8550	-838.9020
USDZAR	-235.5200	36.2100
USOIL	-2.7030	-59.8810
XAGUSD	-13.2370	2.9670
XAUEUR	-44.8850	12.9630
XAUUSD	-71.6910	32.8190
XPDUSD	-23.8970	13.8550
XPTUSD	-32.3380	-5.2670
XRPUSD	-23%	1.7%
BNBUSD	-23%	1.7%
IMXUSD	-23%	1.7%
DOGEUSD	-23%	1.7%
SOLUSD	-23%	1.7%

No symbol found

The Crypto CFD swap rates shown above are expressed as percentages. To calculate the swap value in USD, use the following formula:
(cost of 1 lot * volume in lots * swap rate (%) / 100) / [days in the year].

How do I find the swap rates on the MetaTrader 5 platform?

You will have the chance to easily get an up-to-date list of swap rates All you need to do is to access the Market Watch Window and search for the product you want to know its swap rates

1 Right-click to select “Symbols”.
2 Choose the product you want to trade and click on “Specifications”.
3 A window showing the swap rates of the selected financial instrument will pop up.

It should be noted that if you do not want to use swap rates while trading, OW Markets offers you Islamic accounts that do not involve any interest. Such accounts enjoy all the features of other trading accounts. The only difference is that they do not charge any swap rates on either sold or purchased currencies just to offer a convenient investment experience for different segments of traders.

For more information about OW Markets Islamic account, please visit Islamic Account.

OW Markets provides you with all you need to join the world of investing and trading.

All that is required from you to join us is to open an account, activate it deposit and start trading and investing right away

OW Markets background || خلفية OW Markets

Screen showing trading application || شاشة لتطبيق التداول

FAQs

Yes, you can hedge without margin if any of the hedging positions are set to a zero value. This means you won’t need additional margin to maintain the position, as your net position is effectively zero. This allows you to free up more available margin, but it also comes with certain risks.

For example, a sudden increase in spread, especially during news releases or market openings, may lead to an increase in the required margin, potentially triggering a margin call or automatic closure of positions.

Please also be aware of weekend rollover fees when planning your finances, as zero-margin hedged positions are not exempt from swap charges, unless you're trading with a swap-free account.

Triple swap is a term used in forex trading to refer to an additional fee applied to open positions held after 10:00 PM GMT on Wednesdays.

Why it's called "triple swap":

Wednesday: is considered the last settlement day of the financial week for most currencies.

Triple: the usual swap rate is charged three times during this period instead of the standard one time.

The time the swap is charged depends on your trading account. Typically, swaps are charged at midnight, between 23:00 and 00:00 server time.

It's important to note that weekend swaps may be charged on certain days, such as Friday, to compensate for market closures during the weekend.

If you hold a position on a weekend swap day, you may be charged three times the usual swap fee.

The method used to calculate the swap (overnight interest) depends on the type of open position, its size, and the interest rate differential of the traded currency pair.

To calculate the swap for one day, you can use the following formula:

Swap = (Contract size × The interest rate of the currency pair × Number of trading days) / 100

Where:

1- Contract size: The value of the traded contract.

2- The interest rate of the currency pair: The difference in interest rates between the two currencies in the pair.

3- Number of days: The number of days the position is held open.

For example:

Let’s say you buy a standard lot (100,000 units) of the EUR/USD pair at a rate of 1.1200. The interest rate on the euro is 2%, and the interest rate on the US dollar is 1%. In this case, the one-day swap would be:

Swap = (100,000 × (0.02 - 0.01) × 1) / 100 = €10