TRADING GLOSSARY
Swap
A swap (or rollover) is an overnight credit or charge for keeping a leveraged position open past the daily cut-off. It reflects the interest-rate difference between the two currencies or the financing cost of the asset.
EXAMPLE
Holding a long position overnight may earn or cost a small swap, shown in the MT5 contract specification.
RELATED TERMS
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Glossary definitions are general education only and are not investment advice. Risk disclosure