What will be the swap rate for Friday after triple swap? | Forex Factory

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What will be the swap rate for Friday after triple swap?

  • #1
  • First Post: Nov 19, 2021 5:20am Nov 19, 2021 5:20am
Hi,
I am confused about swap rate. I know triple swap charge on Wednesday for a trade. My question is after taking triple swap on Wednesday night, should broker charge swap again on Friday for the same trade or broker will charge swap on the next Monday?
  • #2
  • Nov 19, 2021 5:29am Nov 19, 2021 5:29am
Broker charges triple swap once per week, and the day that it happens can be found in the contract specifications.
  • #3
  • Nov 19, 2021 9:55am Nov 19, 2021 9:55am
Quoting kennyhubbard
Broker charges triple swap once per week, and the day that it happens can be found in the contract specifications.
its clear to me, tripple sawap oncie in a week. But
My question is after taking triple swap on Wednesday night, should broker charge swap again(single) on Friday for the same trade or broker will charge swap on the next Monday. As broker already took swap for weekend are they allowed to charge swap again for friday?
My broker charged 3times swap yesterday and today (friday) they charge single swap again for the same trade. Is it normal?
  • #4
  • Nov 19, 2021 7:18pm Nov 19, 2021 7:18pm
Quoting forexhints
{quote} its clear to me, tripple sawap oncie in a week. But My question is after taking triple swap on Wednesday night, should broker charge swap again(single) on Friday for the same trade or broker will charge swap on the next Monday. As broker already took swap for weekend are they allowed to charge swap again for friday? My broker charged 3times swap yesterday and today (friday) they charge single swap again for the same trade. Is it normal?
If that's what they do, must be normal

But why are you asking us?

It takes a lot for me to IGNORE you, but you can try.
  • #5
  • Nov 19, 2021 7:32pm Nov 19, 2021 7:32pm
It is normal. They will charge you swap on Friday night again. The week end is on Saturday night and Sunday night.
  • #6
  • Dec 13, 2021 7:31am Dec 13, 2021 7:31am
I have no idea what you are talking about, a normal broker only charges swaps on Wednesday.
  • #7
  • Last Post: Edited 8:52pm Dec 13, 2021 8:27pm | Edited 8:52pm
Regardless of whether a broker is normal, or “abnormal” (which I guess is the alternative)


if we trade (on MT4 anyway)
we should be able to find the daily swap on each and every pair

(and it should also be listed which day is a ‘triple” swap day - it’s Wednesday for my broker)


Open MT4

then

Ctrl-M (Market Watch)


highlight ANY pair at all
(it will ultimately take you to the same place for the pair you want)


right-click on that pair, choose Symbols

NOW highlight the “specific” pair you wish to examine, and choose Properties


(you can then scroll right down for particular information such as Min & Max Lot size available on that pair)

and underneath those you will see the daily swap rate (charges/bonuses) under

swap long
swap short

(it should mention that the swap rates are in points, not pips)


From that info you can find YOUR Broker’s swap setups (etc) for the pairs that you trade.

Well, at least I can do this on my MT4 broker screen

all the best
Pete
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