A swap charge is determined based on the interest rates of the countries involved in each currency pair and whether the position is short or long. In any one currency pair, the interest is paid on the currency sold and received on the currency bought.

Swap charges are released weekly by the financial institutions we work with and are calculated based on market conditions. Each currency pair has its own swap charge and is measured on a standard size of 1.0 lot (100,000 base units).