Swap

Use
Swap type |
Long | % per year $ per day points per day
Short | % per year $ per day points per day
Triple swap on |
Rollout hour |

#### Commission & Swap Explanation

In MetaTrader 4 and 5, a swap is the interest rate charged or paid for holding a trading position overnight. If the interest rate on the currency you are buying is higher than the interest rate on the currency you are selling, you will earn a positive swap. If the interest rate on the currency you are buying is lower than the interest rate on the currency you are selling, you will incur a negative swap. The swap rate varies depending on the currency pair and broker. It can affect your trading profitability, so it's important to be aware of the swap rates for the currency pairs you trade.
Positive swap: If you are long on the AUD/JPY currency pair and the interest rate on the Australian dollar is higher than the interest rate on the Japanese yen, you will earn a positive swap. This means that you will receive a small amount of money in your trading account for holding the position overnight.
Negative swap: If you are short on the EUR/USD currency pair and the interest rate on the euro is lower than the interest rate on the US dollar, you will incur a negative swap. This means that you will have to pay a small amount of money from your trading account for holding the position overnight.
The swap is calculated on a daily basis at 11pm (Rollover time). If you have any trades that were opened after 11pm, they will not incur any swap charges until the next day's 11pm calculation.