How to Check Swaps (Storage Fees)
1. Open MT4.
2. Find the symbol you want to check in the 'Market Watch' window on the left.
3. Right-click the symbol → Select 'Specification'.
4. In the popup window, you can see:
• Swap Long
• Swap Short
• 3-Day Swap
Swap (Overnight Interest) is the cost or earning incurred when a trader holds a position overnight. It reflects the profit or cost resulting from interest rate differentials between currency pairs or financial products. The system automatically adds or deducts the corresponding swap from your account.
• Interest rates of different countries/regions
• Market supply and demand for the pair/product
• Adjustments or fees set by the broker
By understanding the swap mechanism, you can better assess trading costs and potential returns, planning your holding strategy more effectively.
⚠️ For traders who cannot pay or receive swaps due to religious beliefs, ARFX also offers swap-free accounts.
Forex and most CFD markets use T+2 settlement. Since the market is closed on weekends (Sat, Sun), but funds are still held, 3 days of interest are settled on Wednesday. Other days count as 1 day.
Please note that 3x swap days vary by instrument category, as follows:
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