Swap (rollover) is overnight financing on many CFDs. Swing traders often under-count it. Islamic accounts may remove classic swap and charge another structure.
- Always use the broker’s entity-specific swap table — this tool does not pull live rates.
- Swing trades can lose more to swap than to spread if held many nights.
- Islamic labels are not zero-cost by definition; model the replacement fee.
What is a forex swap?
A swap or overnight financing charge (or credit) applied when a leveraged position remains open past the daily cut-off. It reflects financing costs and interest-rate differentials, but each broker sets its own schedule by entity and symbol.
How to use this swap calculator
Copy long and short swap values from your platform (money per standard lot per night is easiest). Enter lots and nights you plan to hold. Optionally enter an Islamic admin fee per night for comparison.
Example for swing traders
Example (illustrative): short 0.20 lots for 5 nights with −$3.50 per standard lot per night → 0.20 × 3.50 × 5 = −$3.50 total estimate. Insert your live table, not this demo rate.
Why swap matters for Islamic accounts
A swap-free account may avoid classic interest but can apply storage/admin fees after a free period or on selected symbols only. Model both paths before holding gold or crosses through weekend.