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January 22, 2018
What is swap point (charge) and how can I check it on MT4 and MT5 platforms?
What is Swap point? Swap points are charged daily How to check the Swap point on MT4 platforms Right click in "Market Watch", and select "Symbols" Select a symbol and click "Properties" View the swap information Examples of Swa...
January 22, 2018
What is rollover and at what time does it occur on MT4?
Every day at 5pm New York Time (23:59 to 00:01 server time), you will note that the platform has a blackout for 2 minutes due to rollover. In the Global Forex Markets this is widely known as ‘End of Forex Day’. Monday trading opens a...
January 19, 2018
How can I open a Swap-free MT4 account? What are the conditions?
Swap free accounts charge no interest on overnight positions and are available to clients following the Muslim faith. To request a swap free account, please add a note in the Referral field and they will create it for you. Please ...
January 9, 2018
How much does it cost for a position/order to stay open for more than a day?
In case you don't want to close your position in the end of the day it is transferred through the night and the fee, which is called swap is added to or deducted from it. To learn more about swap, please visit the educational page. T...
December 5, 2017
Does FXTM offer Islamic Swap-free accounts? What are the fees and conditions?
There is a swap-free option on all account types, except ECN MT5 and does not apply on exotic currencies. You can select the swap-free option when you open your trading account or enable it with the steps below: Go to the ‘Accoun...
November 29, 2017
I got charged for an extreme amount of Swap than usual. Why is that?
On Wednesdays, the charge that applies is triple the regular swap. This is made in order to take the weekend into account. The Swap charge occurs at 00:00 server time(there maybe a few minutes of delays), thus you can avoid to get cha...
November 23, 2017
What is a swap/rollover? How do you calculate a swap rate?
Swap is the interest paid or earned for holding a position overnight based on the difference between the interest rates of two countries. Each currency or CFD has an interest rate associated with it, which can cause extra profit or co...
November 23, 2017
Why Swap charges are tripled on Wednesday?
If you hold a position overnight on a Wednesday, the normal financing charges that are credited/debited on a daily basis are three times the normal amount. Charging triple swap on Wednesday roll-over period accounts for the settlement...
November 23, 2017
Where can I find the latest swap rates on MT4 platform?
Simply go to the Market Watch area, right-click and choose Symbols. Then click on the properties for a particular trading symbol and it will give you all the details including the swap rates. Swap rates can be changed often at anyt...
November 7, 2017
What time and on which days swaps are being charged or credited?
Swaps are being charged/credited at rollover. For all instruments, swaps are being applied to the accounts once on Mondays, Tuesdays, Thursdays and Fridays and 3 times on Wednesday except for AUS200, STOXX500, HK40, JP225, DE30, ESP35...
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