Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.
  • Support
  • For Institutionals
Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.
  • Support
  • For Institutionals

Current region:

  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • 日本語 – Japanese
Open Account
Client Portal
Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.

Current region:

  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • 日本語 – Japanese
Risk Warning: Leveraged products carry a high level of risk and may result in the loss of all your capital. Ensure you fully understand the risks before investing.
Risk Warning: Leveraged products carry a high level of risk and may result in the loss of all your capital. Ensure you fully understand the risks before investing.

Current region:

  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • 日本語 – Japanese
Open Account
Client Portal
Risk Warning: Leveraged products carry a high level of risk and may result in the loss of all your capital. Ensure you fully understand the risks before investing.

Current region:

  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • 日本語 – Japanese

Why Are Swap Charges Higher on Wednesdays and Fridays?

Certain trading instruments incur higher swap rates midweek due to value date adjustments caused by weekends and market settlement practices.

In the foreign exchange market, transactions typically follow a T+2 settlement cycle, meaning they are settled two business days after the trade execution. For instance, positions opened and held past Monday roll over to Tuesday, covering the period from Wednesday to Thursday. Similarly, positions held beyond Wednesday roll over to Thursday, accounting for Friday through Saturday.

Since global financial markets are closed on weekends, settlements due on Saturday or Sunday are deferred to Monday. As a result, swaps applied on Wednesday account for three days instead of one.

Precious metals, such as gold and silver, which are considered safe-haven assets, follow similar rules. Positions held past Wednesday incur a 3-day swap, just like forex currency pairs.

Other products, including oil, indices, commodities, and stocks, generally follow a T+0 settlement cycle. However, positions held beyond Friday are also charged a 3-day swap to account for the weekend.

Please note: The following is applicable only for MT4  – Due to limitations in MetaQuote software, Friday still reflects a 3-day swap in contract specifications. However, swaps are actually applied separately on Saturday and Sunday as of November 8, 2021.

Related posts

Technical Analysis-EN

Bitcoin Lags as Nasdaq Correlation Breaks Down

A “regime change” appears to have emerged in recent months. In financial markets, this expression is used when a previously

The Investor’s Guide to Cash Burn Rate

The Investor’s Guide to Cash Burn Rate

Financial headlines often focus on growth, innovation, and revenue milestones. Yet behind many successful businesses lies a less visible metric

Technical Analysis-EN

S&P 500 Reaches Historic Highs

While the Nikkei 225 reached a fresh all time high overnight, companies involved in building AI infrastructure continue to post