Swap is an important concept in trading that directly affects your costs when you keep positions open overnight. Understanding how swaps work helps you manage expenses and plan your trading strategy more effectively.
What is swap?
Swap (also called an overnight fee) is a charge or payment applied when you keep a trading position open to the next trading day.
If you hold a position overnight, a swap is applied
It can be positive (you earn) or negative (you pay)
It depends on the instrument and market conditions
Swap is commonly used in Forex, metals, commodities, indices, stocks, crypto, and synthetic instruments.
Why swap is important
Swap directly impacts your trading results, especially if you:
Hold trades for several days
Use long-term strategies
Trade with large volumes
Even small daily swaps can accumulate over time and significantly affect your profit or loss.
How swap works
Swap is calculated based on several factors:
Direction of your trade (Buy or Sell)
Interest rate differences (for Forex)
Liquidity and market conditions
Broker conditions
Each instrument has two swap types:
Swap Long (buy) — for Buy positions
Swap Short (sell) — for Sell positions
Triple swap: what it means
Swap is not charged equally every day. One day per week, a triple swap is applied.
This means:
You are charged or paid 3× the usual swap amount
It accounts for the weekend when markets are closed
The exact day depends on the instrument
Swap conditions on Weltrade
Swap charges on Weltrade accounts are applied for:
Currency pairs
Metals
Commodities
Stocks
Index CFDs
Cryptos
Synthetic instruments
Important information: On Weltrade, swaps are charged from Monday to Friday at 00:00 EET. Clients need to convert this time to their time zone to find out when exactly swap is charged.
For Financial and Synthetics symbols, swaps are charged at triple the usual rate one day a week.
How to check swap rates
To check swap rate for any instrument and see when triple swap is applied:
Go to Market Watch (Quotes on mobile app)
Right-click on the symbol (or tap it on mobile)
Then select Specification (or Properties). If Swap Long (buy) and Swap Short (sell) fields are available, you will see the fees that apply to that symbol.
You can find more details about swap timings and trading tools on the official Weltrade website Trading Tools & Swap Info.
Or, you can also use this free Forex calculator to check swap rates per account type.
Frequently asked questions (FAQs)
What is swap in trading?
What is swap in trading?
Swap in trading is a fee or credit applied to positions that are held overnight. It is based on difference in interest rates between the assets being traded.
How does swap work in Forex trading?
How does swap work in Forex trading?
Swap in Forex works by applying a charge or credit to open positions that remain overnight, depending on direction of trade and interest rate difference.
When is swap charged on Weltrade?
When is swap charged on Weltrade?
Swap is charged when a position is held overnight. On Weltrade, swaps are applied from Monday to Friday, with triple swap applied once per week for certain instruments.
What is triple swap in trading?
What is triple swap in trading?
Triple swap is when the usual swap rate is charged three times on a specific day of the week to account for weekend holding periods.
What is the difference between swap long and swap short?
What is the difference between swap long and swap short?
Swap long applies to buy positions, while swap short applies to sell positions. The rate depends on the instrument and market conditions.
How does swap affect trading positions?
How does swap affect trading positions?
Swap affects the overall cost or profit of a trade, especially for positions held long-term, as it accumulates over time.
Can swap be positive in trading?
Can swap be positive in trading?
Yes, swap can be positive, meaning a trader may receive a credit instead of paying a fee depending on trade direction and rates.
How to check swap rates on Weltrade?
How to check swap rates on Weltrade?
Swap rates can be checked in trading platform by opening symbol specification, where swap long and swap short values are displayed.
Why is swap important in trading?
Why is swap important in trading?
Swap is important because it affects the cost of holding positions overnight and should be considered when planning trading strategies.