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	3.8930	-8.2340
AUDCHF	5.4825	-9.0160
AUDJPY	8.0580	-13.9035
AUDNZD	6.0860	-11.9830
AUDSGD	4.6070	-11.0170
AUDUSD	0.2295	-2.3345
BCHUSD	-23%	1.7%
BTCUSD	-23%	1.7%
CADCHF	0.9860	-3.0015
CADJPY	2.4225	-6.3480
CHFJPY	-10.1315	3.2725
DAX40	-4.1745	0.5355
DOTUSD	-23%	1.7%
ETHUSD	-23%	1.7%
EURAUD	-13.4665	6.6215
EURCAD	-1.9780	-2.4610
EURCHF	2.3460	-5.9570
EURGBP	-5.3245	2.1930
EURJPY	4.1735	-10.6145
EURMXN	-349.4390	154.8190
EURNOK	-98.6240	33.2520
EURNZD	-3.7605	-1.9895
EURSEK	-10.1085	-42.6765
EURSGD	-0.3450	-9.2000
EURTRY	-1902.2265	-902.5430
EURUSD	-8.4755	3.5275
FTSE100	-7.6763	0.5738
GBPAUD	-6.3940	0.8330
GBPCAD	5.0065	-11.9025
GBPCHF	9.0015	-15.2720
GBPJPY	12.4695	-22.5285
GBPNZD	5.1000	-13.5700
GBPSEK	45.3645	-100.3605
GBPUSD	-3.8985	0.3145
LTCUSD	-23%	1.7%
NQ100	-5.8995	1.8105
NZDCAD	-0.6900	-1.6445
NZDCHF	2.3460	-4.5425
NZDJPY	2.3035	-5.6925
NZDUSD	-3.3350	1.1815
SGDJPY	-1.2420	-4.6920
SP500	-5.8995	1.8105
UKOIL	16.2945	-38.8470
US30	-5.8995	1.8105
USDCAD	0.0000	0.0000
USDCHF	7.5395	-12.7420
USDCNH	0.0000	0.0000
USDHKD	0.0000	0.0000
USDJPY	9.3415	-17.1465
USDMXN	-223.8015	75.8965
USDNOK	-39.4680	-7.0035
USDSEK	27.0725	-83.5935
USDSGD	4.5390	-13.8690
USDTRY	-1483.8910	-983.0430
USDZAR	-259.0030	51.4930
USOIL	36.4905	-65.5615
XAGUSD	-12.3165	2.4565
XAUEUR	-41.5150	11.5855
XAUUSD	-66.4930	30.2430
XPDUSD	-22.3790	12.7330
XPTUSD	-29.9805	-5.1060
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