What is Swap
Swap is the interest you either pay or receive when holding a position beyond the trading day. It is derived from the interest rate difference between two currencies:
Buying One Currency, Selling Another
When you trade forex, you are effectively borrowing one currency to buy another.
Interest Rates Determine the Cost
You pay interest on the borrowed currency and earn interest on the purchased currency.
Net Difference Applies
The difference between the two determines whether you pay or receive swap.If the purchased currency has a higher interest rate, you may earn swap. Otherwise, you will pay.
No Hidden Fees
This is not an additional broker charge, but a standard interbank market mechanism reflecting the real cost of holding positions.
This mechanism is not an additional fee set by brokers, but rather standard practice in the global interbank market, reflecting the true cost of funding for holding currency positions.
Why Swap is Fair and Standard
Swap originates from global interbank lending rates.
When positions are held overnight, they must be rolled over, creating either a cost or a return.
Interest rates are influenced by central banks.
For example, if AUD rates are higher than JPY, buying AUD/JPY may generate positive swap—this is the basis of carry trading.
All regulated brokers apply swap. FXCG passes this cost transparently with no hidden charges.
Swap is recognized by major financial regulators as a legitimate trading cost.
FXCG operates under strict regulatory oversight to ensure transparency and compliance.
FXCG Swap Advantages
Competitive Rates
Through deep liquidity partnerships, we provide competitive interbank swap rates whether you pay or receive.
Full Transparency
All swap rates are visible directly in the MT4 platform.
No hidden fees—full clarity on every position cost.
Triple Swap Policy
Forex, metals, bonds, commodities:
Triple swap applied on Wednesday (to cover the weekend);
Energy, indices, cryptocurrencies:
Triple swap applied on Friday
This follows the global T+2 settlement convention.
Strategy Flexibility
Whether you avoid holding positions overnight or actively seek carry trading opportunities, our swap structure supports your strategy.
Frequently Asked Questions
Trade with Confidence
Join FXCG and experience:
Fully transparent swap structure Competitive rates Regulated and secure trading environment
Fully transparent swap structure Competitive rates Regulated and secure trading environment