Swap is an important concept in trading that directly affects your costs when you keep positions open overnight. Understanding how swaps work helps you manage expenses and plan your trading strategy more effectively.
What is swap?
Swap (also called an overnight fee) is a charge or payment applied when you keep a trading position open to the next trading day.
If you hold a position overnight, a swap is applied
It can be positive (you earn) or negative (you pay)
It depends on the instrument and market conditions
Swap is commonly used in Forex, metals, commodities, indices, stocks, crypto, and synthetic instruments.
Why swap is important
Swap directly impacts your trading results, especially if you:
Hold trades for several days
Use long-term strategies
Trade with large volumes
Even small daily swaps can accumulate over time and significantly affect your profit or loss.
How swap works
Swap is calculated based on several factors:
Direction of your trade (Buy or Sell)
Interest rate differences (for Forex)
Liquidity and market conditions
Broker conditions
Each instrument has two swap types:
Swap Long (buy) — for Buy positions
Swap Short (sell) — for Sell positions
Triple swap: what it means
Swap is not charged equally every day. One day per week, a triple swap is applied.
This means:
You are charged or paid 3× the usual swap amount
It accounts for the weekend when markets are closed
The exact day depends on the instrument
Swap conditions on Weltrade
Swap charges on Weltrade accounts are applied for:
Currency pairs
Metals
Commodities
Stocks
Index CFDs
Cryptos
Synthetic instruments
Important information: On Weltrade, swaps are charged from Monday to Friday at 00:00 EET. Clients need to convert this time to their time zone to find out when exactly swap is charged.
For Financial and Synthetics symbols, swaps are charged at triple the usual rate one day a week.
How to check swap rates
To check swap rate for any instrument and see when triple swap is applied:
Go to Market Watch (Quotes on mobile app)
Right-click on the symbol (or tap it on mobile)
Then select Specification (or Properties). If Swap Long (buy) and Swap Short (sell) fields are available, you will see the fees that apply to that symbol.
You can find more details about swap timings and trading tools on the official Weltrade website Trading Tools & Swap Info.
Or, you can also use this free Forex calculator to check swap rates per account type.