A swap fee (also called overnight financing) is the interest charged or credited when you hold a position past the end of the trading day. At Moneta Markets, the amount depends on the specific instrument, whether your position is long or short, and prevailing market interest rates. Swap fees are calculated using the instrument’s published swap rate, your position size (lot and contract size), and the number of nights the position is held.
The general formula used for many instruments is:
Swap = Swap Rate × Lot Size × Number of Nights Held
(for some instruments the calculation adjusts for contract size and pricing decimals)
You can view the current swap rates directly on your trading platform (such as MetaTrader 4 or MetaTrader 5) by:
- Opening the Market Watch window.
- Right‑clicking the instrument you’re interested in.
- Selecting Specification (or Properties).
Here you’ll see both the Swap Long and Swap Short rates.
These rates are applied automatically each day at rollover time as long as your position remains open, and you’ll see the resulting credit or debit reflected in your account.
