Yes. A swap charge will be applied to an open position if trades are held overnight (over 00:00 MT4 server time). The rates may also vary depending on the size and direction of the trade and underlying interest rate. Other factors include the trading instrument and the specific day the position is held, as some days may involve a triple swap charge due to market cycles.
To investigate or verify a specific swap charge:
Note the details of your trade, such as the symbol, size, and the time it was opened or held.
Visit the contract or specification window in your MetaTrader (MT4/MT5) platform to review the swap rates for your traded instrument.
On Wednesday nights, Triple swap will be charged to the account to settle trades over the weekend where no swap rates have been charged due to market closure.
FXTRADING.com assigns specific fee structures based on account types. For instance, the Premium/Selection account type has a flat commission fee of $7 per lot traded. This transparent fee structure helps account holders understand and plan their trading costs effectively.
Please note that a negative figure is a cost to the account while a positive figure is paid to the account. You can see the swap rates for any symbol by right clicking the symbol on the Market Watch, click ‘Specification’ and scroll down to the section showing Swap Long and Swap Short. The specifications are also accessible via the ‘Symbols’ selection after right clicking a symbol on the Market Watch or, or pressing the CTRL + U keyboard shortcut. By following these steps, traders can gain a clearer understanding of applicable swap charges and specifications.