Sky Alliance Markets’ industry leading MT4 platform Provide excellent management for your foreign exchange, gold, and cryptocurrency transactions etc
Sky Alliance Markets’ industry leading MT4 platform Provide excellent management for your foreign exchange, gold, and cryptocurrency transactions etc
Providing a variety of trading accounts experience services, and different download methods
Providing a variety of trading accounts experience services, and different download methods
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A swap rate in forex trading is defined as the overnight interest rate gained or charged from a holding position. Swap rates are determined by the differential between the country currency pairs and whether the position order is placed as long or short position.
1.Swap Rates are only for positions held overnight.
2.Financial instruments may differ by their countries interest rate to determine the swap rates are either positive or negative for long and short positions.
3.Swap Rates can be received/ or charged from the server time, the minute from 23:59 to 00:00.
4.Swap Rates are calculated in points from the trading platform MetaQuote provides. The conversion for swap rate will be automatically converted into your base currency amount.
5.Each financial instrument pairs has its own rollover fee, and is measured by 1 standard lot size (or 100,000 units)
6.Swap Rates are either received/ or charged triple its rate on Wednesday nights (Server time), and indices are received/ or charged triple its rate on Friday nights (Server time).
A swap rate in forex trading is defined as the overnight interest rate gained or charged from a holding position. Swap rates are determined by the differential between the country currency pairs and whether the position order is placed as long or short position.
1.Swap Rates are only for positions held overnight.
2.Financial instruments may differ by their countries interest rate to determine the swap rates are either positive or negative for long and short positions.
3.Swap Rates can be received/ or charged from the server time, the minute from 23:59 to 00:00.
4.Swap Rates are calculated in points from the trading platform MetaQuote provides. The conversion for swap rate will be automatically converted into your base currency amount.
5.Each financial instrument pairs has its own rollover fee, and is measured by 1 standard lot size (or 100,000 units)
6.Swap Rates are either received/ or charged triple its rate on Wednesday nights (Server time), and indices are received/ or charged triple its rate on Friday nights (Server time).
Turn on MetaTrader 4 and login with your Sky Alliance Markets trading account
Go to “Market Watch” on the left hand side
Right-click and “Show All” to allow all financial instruments to appear.
Find and select the financial instrument you are looking for to check swap rate.
Right-Click and press “Specification”
Look half way down the table, you will be able to find “Swap long” and “Swap short” for its rate.
Forex swap rates are calculated by the equations below:
(Price * Lot size * (Swap Long or short %))/ 365 = Quote currency Swap long/or short Rate
Requires to convert quote currency swap rate to your trading account currency to get actual trading account swap rate.
Example 1:
If trader A trade a long position on AUD/USD
Trader A Account currency: USD
Example Price = 0.74550
Trade Size = 1 lot (Contract Size: 100,000 units)
Example Swap Rate for long position: -2.41
(0.74550 * 1 * (-2.41%) / 365) = -$3.27 USD
Swap rate for AUD/USD with 1 standard lot size is equal to -$3.27 USD per rollover.
Example 2:
If trader B trade a short position on GBP/USD
Trader B Account currency: GBP
Example Price = 1.25550
Trade Size = 3 lot (Contract Size: 300,000 units)
Example Swap Rate for short position: -2.28
(1.25550 * 3 * (-2.28%) / 365) = -$2.35 USD
Swap rate for GBP/USD with 3 standard lots size is equal to -£1.87 GBP per rollover.
***The information provided above is for reference use only.
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Account Types Overview | Forex | MetaTrader 4 - Windows | Advantages of Sky Alliance Markets |
Open a Live Account | Commodities | MetaTrader 4 - IOS & Android | Legal Documents |
Open a Demo Account | Indices | ||
How to deposit | Cryptocurrency | ||
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Trading derivatives and CFDs involves a high level of risk to your invested capital and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. You should carefully consider your financial situation, objectives, needs and level of experience before engaging into any marginal transactions with Sky Alliance Markets, and seek independent advice if necessary. The information on this website is general in nature and does not take into account your personal circumstances. You must understand that you do not own or have rights in the underlying derivatives or CFDs. Past performance is not an indication of future performance and tax laws are subject to change. Please ensure that you have read our Product Disclosure Statement (PDS), Financial Services Guide (FSG) and other Target Market Determination (TMD) legal documents and ensure that you fully understand the risks involved before you make any investment decisions.
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Sky Alliance Markets is a business name of Sky Alliance Markets (AU) Pty Ltd (ABN: 40 114 266 698), regulated by the Australian Securities and Investments Commission (AFSL: 292464). Sky Alliance Markets Pty Ltd (ABN: 12 627 649 423) is a Corporate Authorised Representative of Sky Alliance Markets (AU) Pty Ltd (ABN: 40 114 266 698), under AFS Representatives Number 001294747.