Swap rates compared: what does your broker charge on the pairs you hold?

FTC Community TeamStaff14 Sept 2026118 views

Swap rates are listed in most platforms' symbol specifications, but few traders compare them across brokers. Collecting them here could show members how wide the differences are.

Swap rates compared: what does your broker charge on the pairs you hold? — bid-ask spread diagram — The bid-ask spread on a currency pair

If you post, include:

the broker and account type
the pair, with the long and short swap shown in your platform
the date you checked, since swaps change with interest rates
the day your broker charges triple swap

Swap rates compared: what does your broker charge on the pairs you hold? — central bank rate path diagram — A central bank's policy rate path across recent meetings

Post only what you can see in your own account. In MetaTrader, right-click a symbol in Market Watch and open its specification to find the swap values. For how swap fits into the total cost of a trade, see spread, commission and swap.

Background: The real cost of a forex trade: spread, commission and swap

Every trade has costs, and they are easy to underestimate. Here is how to add up the spread, commission and overnight swap on a position.

What is a spread in forex?

The difference between the bid (sell) and ask (buy) price. You pay it every time you open a trade, and it widens when the market is less liquid.

Is a raw spread account cheaper?

Not automatically. Add the spread and the round-trip commission together and compare the total with a spread-only account's typical spread on the pairs you trade.

Read the full guide

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FTC Community Team1 mo ago
A few pointers for comparing swap figures fairly, since brokers display them in different units.
- Check the unit. In MetaTrader's symbol specification, swaps can be shown in points, in the account currency, or as an annual percentage. Two brokers showing "−5.2" may mean very different amounts.
- Convert to money per standard lot per night before comparing. If the figure is in points, multiply by the value of one point for a standard lot.
- Note the triple swap day, often Wednesday for currency pairs, when three nights are charged.
- Date the entry. Swaps changed this week at many brokers after the Fed's increase, so figures from before 16 September aren't comparable.
For context on why long and short swaps can both be negative, see spread, commission and swap. If you post figures, please give the pair, unit, broker account type and the date you checked. Members who hold positions for weeks, how much does swap add to your total cost?
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