Overnight swap fees are charged for a total of 7 days a week. Since products other than cryptocurrencies are closed on weekends, a 3-day swap fee will be charged on either Wednesday or Friday.
3-days swap:
Wednesday: Forex/Metal
Friday: Commodities/Share/Index
Example 1: For XAUUSD, the weekend swap fee is determined on Wednesday, and the settlement period is from Friday to the following Monday. Therefore, holding a position from Wednesday to Thursday will incur a 3-day swap fee.
Wednesday: Forex/Metal
Friday: Commodities/Share/Index
Example 1: For XAUUSD, the weekend swap fee is determined on Wednesday, and the settlement period is from Friday to the following Monday. Therefore, holding a position from Wednesday to Thursday will incur a 3-day swap fee.
Example 2: For XPTUSD, the weekend swap fee is determined on Friday, and the settlement period is from the following Tuesday to Wednesday. Therefore, holding a position from Friday to Monday will incur a 3-day swap fee.
On other days, if you hold a position overnight, a 1-day swap fee will be charged. For detailed information on the payment and calculation mode of overnight swap fees, please refer to the MT4 specifications.
Swaps for some products are the financing cost for holding positions overnight. Because it settles on a T+2 basis, the settlement date moves forward by two business days. For example, if the 3-day swap is on Wednesday, the rollover pushes settlement from Friday to Monday, so the swap must cover 3 days (Wednesdays – Thursday – Friday + weekend).
