Sky Alliance Markets does not take part in the physical delivery of the transaction. At the end of the trading day, all open positions will be postponed to the new value date, so swap fees will be borne.OPEN LIVE ACCOUNT
Swap rate refers to the overnight interest that needs to be paid or charged for holding a position overnight.
When trading long or short position, the transaction will charge different overnight interest.
Foreign exchange swap rates are affected by market conditions and selected foreign exchange rates on the country’s interest rates
Each foreign exchange currency pair pays the interest rate when it is sold and charges the interest rate when it is bought.
1.Swaps usually appear when investors hold positions until the next trading day.
2.For both long and short position, negative swap rate may occur for some currency pairs.
3.Each currency pair has its own swap rate, and it is usually based on one lot as the standard unit.
4.Swap rate for forex, bullion, and commodities are charged TRIPLE than usual on Wednesday night.
You can view the latest Forex swap rates of different trading products by browsing our website or on your personal account on the MetaTrader4 platform.
First find and click on the “Market Watch” option on the website, then click on the “Symbols” that appears.
Select the trading product you interest and select “specifications”.
Here you can see swap rates of the product you selected in both long and short position.
Discover and expand your portfolio with various of Forex, Commodities, Indices, Futures, and Cryptos.
Client can download our product disclosure statement on our legal documents page or ask for it from any of our representatives.
Forex trading is full of risk and opportunities. Before clients start trading , seeking independent financial advices is strongly recommended. Clients must aware that Forex Trading is not suitable for everyone. The potential risk may lead to a loss that exceed your initial deposit during the trading.
Sky Alliance Markets is the Business name of Sky Alliance Markets Pty Ltd ( AU ), Sky Alliance Markets Pty Ltd ( AU ) registered in Australia (AFSL Number: 292464), AR License number: 001294747.