Swaps on Wed | Forex Factory

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Swaps on Wed

  • #1
  • First Post: Jul 16, 2012 12:20am Jul 16, 2012 12:20am
Hi,

does anyone have a clue, why on wed we are charged 3 days swap. I read some explanations, but they are not convincing to me...

Something like spot forex is in essence a 2 day forward, which means on 3d business day the currency is delivered, so if I buy wed, its is delivered on fri, why whould I pay for weekends if it delivered on fri?

It is more logical to charge tripple swap on friday, isn't it?

yours trully

dns
  • #2
  • Jul 17, 2012 8:37am Jul 17, 2012 8:37am
Swap policies of different brokers can be quite different. You could ask yours about their policy. BTW there are interest-free (halal) accounts ...

Quoting dns_di
Hi,

does anyone have a clue, why on wed we are charged 3 days swap. I read some explanations, but they are not convincing to me...

Something like spot forex is in essence a 2 day forward, which means on 3d business day the currency is delivered, so if I buy wed, its is delivered on fri, why whould I pay for weekends if it delivered on fri?

It is more logical to charge tripple swap on friday, isn't it?

yours trully

dns
forget about tomorrow, just steal away into the night
  • #3
  • Last Post: Jul 17, 2012 12:44pm Jul 17, 2012 12:44pm
Quoting spekitox
Swap policies of different brokers can be quite different. You could ask yours about their policy. BTW there are interest-free (halal) accounts ...
Lots of brokers (if not all of them) will charge you something else like a fee of some sort so that they do not pay you for swaps and gain from the negative. lots of brokers use these swaps as an income for them too. you will 99% be charged in another way. not worth the time/effort
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