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<li>Swaps, also referred to as Rollover Interest, is the interest paid or earned by a trader for holding a position overnight. Every currency trade involves borrowing one currency to buy another. This interest can be positive or negative, depending on the difference in rates between the base and the quote currencies.<br><br></li>
<li>Swaps/Rollover interest is automatically calculated and settled at 2159 GMT, 2259 Server time on a daily basis. Any open positions held from Wednesday to Thursday on a trade date basis will be charged three times the value indicated.<br><br></li>
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 * Swaps, also referred to as Rollover Interest, is the interest paid or earned by a trader for holding a position overnight. Every currency trade involves borrowing one currency to buy another. This interest can be positive or negative, depending on the difference in rates between the base and the quote currencies.
   
   
 * Swaps/Rollover interest is automatically calculated and settled at 2159 GMT, 2259 Server time on a daily basis. Any open positions held from Wednesday to Thursday on a trade date basis will be charged three times the value indicated.
   
   

What is Swap/Rollover Interest? How are interests calculated?