Trade Anytime, Get Support 24/7
A swap rate, also referred to as rollover, is the interest amount added to or deducted from a trading position for holding it open overnight. Swaps are applied exclusively when positions remain open until the next trading day, specifically at 23:59 server time.
In forex trading, swap rates are calculated based on the overnight interest rate differential between the two currencies in a pair, as well as whether the position is long or short. When a position is held overnight, the trader effectively pays interest on the currency being sold and receives interest on the currency being bought. Consequently, swap rates are influenced by the prevailing interest rates of the respective countries, the direction of the trade (long or short), and current market conditions as determined by Tronex Ltd.
At Tronex Ltd., we apply competitive swap rates by debiting or crediting client accounts for all positions held open after the daily rollover time at 23:59 server time. This rollover time defines the start and end of each trading day. Any positions remaining open at 23:59 server time are subject to rollover.
For example, a position opened at 00:00 server time will not be rolled over until the following day, whereas a position opened at 23:58 server time will incur a rollover at 23:59 server time. Each open position at the rollover cutoff will result in a corresponding credit or debit reflected in your account.
Although there is no market rollover on Saturdays and Sundays when trading is closed, banks continue to calculate interest over the weekend. To account for this, we apply a triple (3-day) swap rate on Wednesdays for forex pairs and metals, and on Fridays for indices, energies, and stocks.
For detailed information on current swap rates, please refer to our comprehensive Contract Specifications page.
+61 468 267 779
Top Floor, Rodney Court Building, Rodney
Bay, Gros Islet, St. Lucia
support@tronextrade.com
cs@tronextrade.com
Top Floor, Rodney Court Building, Rodney
Bay, Gros Islet, St. Lucia
Risk Warning:
Engaging in Forex and CFD trading carries a high level of risk and may result in the loss of your invested capital. You should only trade with funds you can afford to lose. It is important to fully understand the risks involved in trading Forex and CFDs with Tronex Ltd. If necessary, consider seeking independent financial advice. Please review our comprehensive Risk Disclosure Statement carefully before trading.
Disclaimer:
Tronex Ltd. operates solely as an execution-only service and does not provide investment or advisory services. From time to time, Tronex Ltd. may publish general market information or insights; however, such content should not be considered financial advice, a solicitation, or a recommendation to trade any financial instrument. Tronex Ltd. accepts no responsibility for how this information is used or for any results that may arise from it. The accuracy or completeness of the information is not guaranteed, and any reliance on it is entirely at the user’s own risk.
Restricted Countries
Tronex Ltd. does not provide services to residents of certain countries, including the United States of America, United Arab Emirates, India, Canada, Israel, New Zealand, Iran, Russia, Myanmar, and North Korea (Democratic People’s Republic of Korea), or any jurisdiction where such distribution or use would be contrary to local laws or regulations.
Tronex Ltd. recognizes the importance of a Legal Disclaimer and therefore does not intentionally target its website or services toward individuals in jurisdictions where access or use may violate local laws or regulatory requirements. Users are solely responsible for ensuring that their access to and use of the Tronex Ltd. website and services complies with the laws and regulations applicable in their respective jurisdictions. Tronex Ltd. makes no representation or warranty that the information available on its website is appropriate or permitted for use in all jurisdictions.
