Spot Foreign Exchange Swaps and Rollover Rates
When you buy or sell a currency, a Swap or Rollover fee may be paid or charged to you. This is the funding (interest) component which is needed to maintain your position. The amount of which you receive or pay will depend on the relative interest rate yield of each currency in the traded pair, among other important considerations such as money market rates and liquidity provider charges.
Spot Foreign Exchange ("Forex") and Metals trades are settled two business days from the entry date. As trading through GO Markets does not involve physical delivery, all trades left open at the end of a trading day 07:59:59 AEDT (23:59:59 Platform Time) will be rolled over to a new value date and as such will have exposure to a swap charge or credit.
It is important to note that the rollover at the close of Wednesday's trading will be three times the usual amount. This charge is market convention, accounting for weekend settlement.
GO Markets swap rates are calculated using a consensus of our up-stream liquidity partners and may be adjusted both positively and negatively in the interest of competitiveness and/or local costs.
Swap rates for individual currency pairs and metal contracts can be viewed by referring to your MT4 Terminal, right click on Market Watch, left click on Symbols followed by Properties. Rates shown are expressed in ‘points’ where 1.0 point is equal to one tenth of 1 Pip.
For further information please contact us.