Step 1 - Select your instrument
Choose the currency pair or CFD instrument you are holding or plan to hold overnight.
Swap Calculator - Know Your Overnight Cost Before You Hold
Holding a position overnight carries a swap charge or credit - depending on your position direction and the interest rate differential between the two currencies involved. Use the Swap Calculator to estimate potential overnight financing costs or credits based on your position and relevant interest rate differentials.
What is a Swap?
A swap - also known as a rollover or overnight financing charge - is a fee or credit applied to any open CFD position that is held past the daily market close (typically 00:00 server time). It reflects the interest rate differential between the two currencies in a pair, or the financing cost of holding a leveraged position in a non-forex instrument.
Depending on the direction of your trade and the prevailing interest rates, a swap can result in either a charge (debit) applied to your account or a credit added to your account. For example, if you are long a currency with a higher interest rate than the one you are short, you may receive a positive swap credit. If you are short the higher-rate currency, you will incur a swap charge.
On Wednesdays, swaps are commonly adjusted to account for the weekend settlement period, when markets are closed but positions remain open.
How to Use the Swap Calculator?
Step 2 - Select your position type
Choose Long (buy) or Short (sell) to match your open position direction.
Step 3 - Enter your lot size
Input the number of lots in your position.
Step 4 - Enter the number of nights
Input how many nights you plan to hold the position open.
Step 5 - Click Calculate
The calculator will display the swap rate for long and short positions and the total swap charge or credit for your inputs.
Swap Calculator
Islamic Account - Swap-Free
If you hold an Islamic (Swap-Free) Account with MH Markets Financial Services, overnight swap charges are not applied to your positions. Please refer to our Islamic Account page for full details on swap-free conditions and eligibility.
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Frequently Asked Questions
Swap charges apply to all leveraged CFD positions held overnight - including Forex, Indices, Commodities, Metals, Stocks, and Futures. The swap rate varies by instrument and position direction. Use the calculator above to check the specific rate for your instrument.
Wednesday's swap is applied at triple the standard rate to account for the two weekend days (Saturday and Sunday) when the market is closed, but positions remain open and financing costs continue to accrue.
Yes. Swap rates are based on interbank interest rates and are updated regularly - typically daily. Always use the Swap Calculator for the most current rates before deciding to hold a position overnight.
On MT4 or MT5, right-click on the instrument in the Market Watch panel, select 'Specification', and look for the Swap Long and Swap Short fields. These display the current swap rates per lot per night directly within the platform.
Yes. Swap charges are simulated on demo accounts to reflect real trading conditions as accurately as possible - ensuring your demo experience prepares you for the costs you will encounter when trading live.
