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	3.8760	-9.5450
AUDCHF	5.7460	-9.7750
AUDJPY	7.1570	-12.9720
AUDNZD	5.3300	-11.5580
AUDSGD	5.1260	-10.5460
AUDUSD	0.0680	-2.3690
BCHUSD	-23%	1.7%
BTCUSD	-23%	1.7%
CADCHF	2.5250	-5.5660
CADJPY	1.2840	-5.5890
CHFJPY	-11.0400	4.0040
DAX40	-4.5210	0.7910
DOTUSD	-23%	1.7%
ETHUSD	-23%	1.7%
EURAUD	-12.5930	5.6100
EURCAD	-1.2770	-4.3820
EURCHF	3.1960	-7.4980
EURGBP	-4.6000	1.5470
EURJPY	3.3320	-9.6030
EURMXN	-338.0890	139.4090
EURNOK	-97.0490	31.6370
EURNZD	-4.8530	-1.2310
EURSEK	0.8590	-57.1900
EURSGD	-0.1150	-8.6250
EURTRY	-1966.1900	-951.3490
EURUSD	-7.5100	2.7880
FTSE100	-7.7100	0.5980
GBPAUD	-7.9010	1.5390
GBPCAD	4.3610	-12.5240
GBPCHF	9.0360	-15.5370
GBPJPY	9.1040	-18.4120
GBPNZD	2.6270	-10.6720
GBPSEK	48.0080	-107.3870
GBPUSD	-4.0600	0.1280
LTCUSD	-23%	1.7%
NQ100	-6.1870	2.0230
NZDCAD	0.0170	-2.9560
NZDCHF	2.7710	-5.1980
NZDJPY	2.4060	-5.9230
NZDUSD	-3.1510	0.9180
SGDJPY	-0.8970	-4.3470
SP500	-5.9000	1.8110
UKOIL	79.9340	-129.1450
US30	-5.9000	1.8110
USDCAD	4.3520	-9.9250
USDCHF	8.4660	-14.1570
USDCNH	0.0000	0.0000
USDHKD	-33.0280	-36.6740
USDJPY	8.5260	-16.2380
USDMXN	-213.9920	62.4920
USDNOK	-41.1590	-6.3600
USDSEK	34.6120	-96.9800
USDSGD	4.4540	-13.0640
USDTRY	-1714.4090	-875.6450
USDZAR	-225.5040	23.8090
USOIL	50.2520	-88.8490
XAGUSD	-14.4330	2.6950
XAUEUR	-49.6460	15.3850
XAUUSD	-75.6240	35.7170
XPDUSD	-21.5630	12.1300
XPTUSD	-32.1200	-5.2560
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