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Global FX Broker Transparency & Rating
FX trading glossary · Fee

Swap · 隔夜利息

Also "Rollover". Charged once per day at 17:00 NY time (3× on Wednesday to cover weekend).

Long higher-yield, short lower-yield = you receive swap; the reverse = you pay swap.

Islamic (swap-free) accounts skip this but usually charge equivalent in other ways.

Related terms

Carry Trade
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