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
Practice tools:
Related terms
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.