Holding overnight positions on forex trading incurs swap, an overnight or rollover interest that can be earned or paid in foreign exchange trading
Swap charge is not determined by individuals or organizations, but rather determined based off the interest rate of a certain country. When you go long or short on a currency pair, there is interest paid on the currency being sold and received.
Swap rates are announced on a weekly basis by financial institutions all over the world and the ones we work with. Each national bank will mainly determine the interest rates of each of their currency. All swap rates are calculated to a standard size of 1.0 lot, which is 100,000 base units.
For the latest Swap rates please see the Sainmaco MT4 Trading Platform. To view the rates select:
• View > Market Watch
• Then Right Click on the Market Watch and select Symbols
• Then choose the currency pair you wish to check and select Properties