Swap Points
Swap Points
EdgeGraph FX Limited offers swap points on overnight positions at some of the best rates in the industry. We continuously review our swap rates and work to improve the overall trading environment.
EdgeGraph FX Limited Swap Points
Best swap rates in the industry
Swap points without fees
Immediate reflection of the latest current interest rates
About Swap Points
Swap points are profits generated from the interest rate difference between the two currencies being traded, and are generated when a held position is carried over to the next day (overnight position).
For example, if you sell a currency with a low interest rate, such as the Japanese yen, and buy a currency with a high interest rate, such as the Australian dollar, you can carry over that position to the next day and receive the swap points for that period as profit.
Conversely, if you buy a currency with a low interest rate and sell a currency with a high interest rate, the interest rate differential will be negative and you will have to pay swap points.
Swap points are usually generated every day from the next business day after you hold a position. When trading, be sure to check the swap points for each stock in advance, and you can use them as part of your daily profits.
*Swap points fluctuate daily depending on rates and market trends.
How swap points are calculated
For trading with EdgeGraph FX Limited, the daily swap points can be calculated using the following formula.
[Daily swap point calculation formula]
Trading volume (number of lots) x Trading unit (value of 1 lot) (*) x Decimal digits (*) x Swap value
*You can check the trading unit and number of digits in the details of the trading product in MT5.
*Number of digits: "1 digit = 0.1", "3 digits = 0.001", "5 digits = 0.00005".
Note that swap points are in units of the settlement currency, so when converting to Japanese yen, they will be affected by the exchange rate against the yen.
(The calculation method is different for cryptocurrencies.)
About Rollover
Rollover means extending the settlement date of an open position. In Forex trading, it is a rule to always settle after 2 business days in principle, and when holding a position for the next day or longer, it will be a process to automatically extend the settlement date.
The rollover will take place at 7:00 am Japan time (6:00 am during daylight saving time) when the NY market closes. Swap points will be added to the open position at this point.