When a trade or a position is kept overnight then Swap/Rollover rates are applied and the trading position rolls over to the next trading day.
The Swap/Rollover rate is mainly the difference between the central banks’ interest rates of the currencies that form the currency pair traded. In other words, it is the net interest return on a currency position held by trader. The calculation of the Swap/Rollover rate depends also on the direction of the trade, long or short. Note that it is possible to earn interest via overnight rollover.
To learn more about the current rollover rates please visit iBull Capital MT5 Trading Platform.
iBull Capital Swap Rates
To view the rates select
- View > Market Watch
- Then Right Click on the Market Watch and select Symbols
- Then choose the currency pair you wish to check and select Properties.