SWAP RATES - IKOFX

'Swap' is also commonly known as a 'rollover rate'. Swap is an amount paid or earned as a result of the differential interest rates applicable to currency pairs when a trader holds a position over night. Swap rates are calculated on daily basic at 4:59 PM/ET. To be subjected to swap, trade position must have been opened before 4:59 PM/ET and held open past this time. Swap rates are tripled on Wednesday at 4:59 PM/ET. Swap rate is differing for each currency pairs and depend on either long or short. Please refer to the summary table for swap rate traded with IKOfx.

Swap rate formula:
Swap debit/credit = Current swap rate in USD per unit * lot size

Example of Swap Rate Calculation

Current swap rate for long of AUD/USD at IKOFX = 4. 50 per 100,000 units
AUD/USD at 4:59 PM/ET = 0. 9035
Trade volume = 1 standard lot ($100,000USD)
Swap debit/credit = 4. 50/100,000 x 100,000
= $4. 50 USD per day

You had earned $4. 50 USD for holding 1 lot long AUD/USD through 4:59 PM/ET daily and for Wednesday it is tripled the value ($13. 50 USD)

Note:

1. Mini Account Swap Rates are 1/10 the size of the Standard Account Swap Rates.
2. You can utilize the Swap Calculator from our webpage for easy swap calculation.

You can VIEW SWAP RATES LIST HERE: http://ikofx.com/en/swaprates.php

Hi, Thanks for sharing these useful information & knowledge. I am sure it will be very useful for many members here..