A swap is the term used to show the interest that is received or paid for keeping a trade open overnight.
There are 2 types of swaps depending on the position you open.
SWAP SHORT: when you keep a short (sell) position open overnight (past midnight, server time).
This fee can be calculated by using the following formula:
One Point*Trade Size*Swap Short in Points
SWAP LONG: when you keep a long (buy) position open overnight (past midnight, server time).
This fee can be calculated by using the following formula:
One Point*Trade Size*Swap Long in Points
Please refer to the details of the specific pair/instrument to see if and when a triple swap fee may occur each week.
