EUR/USD 1.12160 ▲ +0.39%
GBP/USD 1.34194 ▲ +0.15%
USD/JPY 157.900 ▲ +0.41%
XAU/USD 3962.17 ▲ +1.64%
USD/CHF 0.81963 ▼ 0.40%
AUD/USD 0.70082 ▼ 0.23%
USD/CAD 1.39740 ▲ +0.04%
EUR/GBP 0.83581 ▲ +0.24%
EUR/USD 1.12160 ▲ +0.39%
GBP/USD 1.34194 ▲ +0.15%
USD/JPY 157.900 ▲ +0.41%
XAU/USD 3962.17 ▲ +1.64%
USD/CHF 0.81963 ▼ 0.40%
AUD/USD 0.70082 ▼ 0.23%
USD/CAD 1.39740 ▲ +0.04%
EUR/GBP 0.83581 ▲ +0.24%
ESC

Trading costs

What is Swap (Rollover Fee)?

The interest charged or credited for holding a position overnight, based on the interest rate differential between the two currencies in the pair.

Definition of Swap (Rollover Fee)

The interest charged or credited for holding a position overnight, based on the interest rate differential between the two currencies in the pair. Swap-free accounts are available for Islamic traders.

At a glance

Term
Swap (Rollover Fee)
URL slug
swap-rollover-fee
Category
Trading costs
Short answer
The interest charged or credited for holding a position overnight, based on the interest rate differential between the two currencies in the pair.
Deep dives
/blog/what-is-swap-forex-overnight-financing-2026/, /guide/swap-free-account/, /blog/what-is-islamic-account-forex/

Example

Example: a 1.2-pip spread plus commission equal to 0.6 pip is ~1.8 pips of entry cost. Put “Swap (Rollover Fee)” into the R:R math before judging a strategy.

Common mistake

Common mistake: ranking brokers on teaser “from” prices without measuring “Swap (Rollover Fee)” on the same session and symbol.

Professional tip

Tip: log “Swap (Rollover Fee)” at London–New York overlap and at quiet hours — the gap shows true strategy cost.

Related deep dives

FAQ

The interest charged or credited for holding a position overnight, based on the interest rate differential between the two currencies in the pair.

All-in cost (spread, commission, financing) often hinges on “Swap (Rollover Fee)”. Skipping it distorts profit/loss expectations.

Common mistake: ranking brokers on teaser “from” prices without measuring “Swap (Rollover Fee)” on the same session and symbol.