How to enable a Swap-Free or Enhanced Swap Free option?
Examples on Swap calculation for different instruments
For Currency Pairs:
SWAP for Currency Pair = Number of lots × Pip cost per lot × Swap rate × Number of nights
Please be aware that SWAP rates shown on the Contract Specification page are expressed as percentages. To use them in the formula, multiply the rate by 100. In MetaTrader, SWAP rates are displayed in pips.
- Currency Pair: EUR/USD
- Number of lots: 1 lot
- Pip cost per lot: $10 (typical for standard lot on EUR/USD)
- Swap rate: -1.5 (negative means you're paying swap)
- Number of nights: 3
The Swap will be calculated like this = 1 lot × $10 × (-1.5) × 3 nights = -45
For cryptocurrencies:
SWAP for Cryptocurrency = (Contract × V (lots)× Price) × Percentage / 100 / DaysPerYear
Please be aware that SWAP rates shown on the Contract Specification page are expressed as percentages. To use them in the formula, multiply the rate by 100. In MetaTrader, SWAP rates are displayed in pips.
- Contract — size of 1 lot
- V (lots) — volume in lots
- Price — current market price
- Percentage — annual percentage
- DaysPerYear — number of days in a year.
Example calculation of swap for a short position with a volume of 0.1 lots on BTCUSD:
SWAP Short = (1× 0.1 × 57000) × -19 / 100 / 360 = -3.01 USD.
Have more questions?
Call us on: +44 2045 771951 or engage with our chatbot.