Swap: The One Cost Line Without a Floor · FxPro India
A swap (or rollover) is the interest debited or credited when you hold a leveraged position overnight.
Open FxPro Account →Once financing charges are clear, the natural follow-up is which instruments must state them most explicitly, and metals are among the products where those notices are longest, so see what a gold position is required to disclose.
Swap is the FxPro cost line that scales exactly with the size of your ticket, which makes it the easy one to read on a small account. The rates in the table below are quoted per standard lot per night, and a 0.01-lot position is charged precisely a hundredth of them — nothing is rounded up and there is no minimum sitting underneath, which is what separates swap from the per-lot commission on the same ticket. You are charged only when a position stays open past the daily rollover; the rate depends on the instrument and on whether you are long or short, Wednesday nights are charged triple swap to cover the weekend, and a swap-free (Islamic) account holds no swap for eligible clients. So the number a small balance needs is not the published rate but that rate divided by a hundred, set next to the size of the account it comes out of.
Measured swap rates (Raw+)
| Instrument | Long — per lot / night | Short — per lot / night | Long carry / yr | Short carry / yr |
|---|---|---|---|---|
| EUR/USD | −$8.90 (-8.9 pts) | +$1.90 (1.9 pts) | −2.8% | +0.6% |
| GBP/USD | −$3.10 (-3.1 pts) | −$4.20 (-4.2 pts) | −0.83% | −1.13% |
| AUD/USD | −$1.95 (-1.95 pts) | −$2.90 (-2.9 pts) | −1% | −1.49% |
| USD/CAD | +$1.62 (2.25 pts) | −$5.84 (-8.1 pts) | +0.59% | −2.13% |
| USD/JPY | +$4.34 (6.9 pts) | −$17.57 (-27.95 pts) | +1.58% | −6.41% |
| XAU/USD (Gold) | −$67.90 (-67.9 pts) | +$27.00 (27 pts) | −5.64% | +2.24% |
What you are debited (−) or credited (+) per standard lot held past the daily rollover, measured on FxPro’s own MT5 Raw+ feed (with the raw points in brackets). A negative number costs you to hold; a positive one pays you. Triple swap is applied on Wednesday night to cover the weekend value date. Carry / yr is the annualised swap yield (swap × 365 ÷ notional at the live price) — a rough guide to what holding the position costs or earns over a year, shown where we have a live price. Last read 2026-08-17.
What it really costs to hold a position (measured)
| Instrument | Long 1d | Long 1w | Long 1mo | Short 1d | Short 1w | Short 1mo |
|---|---|---|---|---|---|---|
| EUR/USD | $17.90 | $71.30 | $276.00 | $7.10 | −$4.30 | −$48.00 |
| GBP/USD | $16.10 | $34.70 | $106.00 | $17.20 | $42.40 | $139.00 |
| AUD/USD | $16.95 | $28.65 | $73.50 | $17.90 | $35.30 | $102.00 |
| USD/CAD | $8.99 | −$0.73 | −$37.99 | $16.45 | $51.49 | $185.81 |
| USD/JPY | $5.80 | −$20.24 | −$120.06 | $27.71 | $133.13 | $537.24 |
| XAU/USD (Gold) | $93.90 | $501.30 | $2,063.00 | −$1.00 | −$163.00 | −$784.00 |
Total net cost to hold one standard lot over time — the spread plus accumulated swap. A positive figure is what it costs you; a negative one means you come out ahead (positive carry). For example, holding EUR/USD long for a month costs about $276, while a EUR/USD short earns about $48. Based on measured spreads and current swaps — rates vary.
Swap at a glance
- Charged only on positions held past the daily rollover (around server 00:00)
- Rate depends on the instrument and whether you are long or short
- Triple swap on Wednesday nights (covers the weekend value date)
- Swap-free (Islamic) accounts hold no swap for eligible clients
- See the exact long and short swap per instrument inside your platform
Avoiding swaps
If you hold positions overnight regularly, a swap-free (Islamic) account may avoid swap interest for eligible clients. Check live swap rates inside your platform before holding overnight.
Open FxPro Account →The one cost line without a floor
Three charges come off a small ticket and they do not behave alike. Spread cost is proportional to volume. Swap is proportional to volume. The commission is not: the quoted $3.50 per lot per side holds from 0.1 lot upwards, and below that a hundredth of the rate is three and a half cents a side against a ticket that settles in whole cents. Swap is the clean one — a hundredth of a lot is charged a hundredth of the rate, with no minimum ticket charge underneath it.
That has a practical consequence for a small deposit. Shrinking the position shrinks the overnight bill in a straight line, so a hundredth of a lot costs the same fraction of its own equity as a full lot does of a hundred times the equity. The entry side does not work that way, and the smaller the ticket the larger the share of the total taken by opening and closing it. The cost overview works that side of the same ticket through.
A per-lot table read by a hundredth-of-a-lot account
The measured table on this page is quoted per standard lot, which is the unit the terminal reports in and not the unit a small account sends. Reading it is one operation: move the decimal point two places to the left and the per-lot rate becomes the per-ticket rate. The sign carries over unchanged; only the magnitude moves.
Do the same with the multi-day table beside it — every figure there is one standard lot as well. It is a dull step and it is the one most often skipped, which is how a small account ends up planning from a table written for a size it will never send. Nothing else needs adjusting afterwards: unlike the commission, the overnight charge has no tier and no rounding to correct for.
One night against a hundred-dollar balance
Cents on their own say little; the same cents against the $100 minimum deposit say a good deal. Take the per-lot rate for the instrument, divide by a hundred for a 0.01-lot position, then express the result as a percentage of the balance. On the FX majors it is a small fraction of one percent. On the smallest gold position it is markedly larger, because 0.01 lot there is a whole ounce — the gold contract is 100 oz per lot against 100,000 units on an FX major.
The percentage is the number a small account can act on, because it is the one that says whether an instrument is affordable to leave open at all. Nothing about it depends on the rate being large or small in absolute terms; it depends on the contract behind the smallest ticket. The contract specifications list that contract for every instrument we measure.
Frequently asked questions
What does one night cost on a 0.01-lot position?
Does the overnight charge have a minimum like the commission?
How do I read a per-lot swap table on a small account?
What is one overnight charge as a share of a small balance?
Which instruments cost the most to hold on the smallest ticket?
Is the swap rate different on a smaller account or a smaller ticket?
Can a small account avoid swap altogether?
What traders report
Swaps only get noticed by traders who hold, and that is exactly who turns up here: one carrying gbpusd and eurusd shorts through the winter, and a swing trader who says a swap-free Islamic account alongside zero-commission pricing is what makes the arithmetic work for him. Two reports is the whole of it, and neither names a rate — for that, use the swap table on this page.
FxPro doesn't charge high swap commissions. I've been holding short positions on gbpusd and eurusd since november.
I'm a swing trader, so for me the spreads is just nice and acceptable with 0 commission, they offer Islamic swap free.
Related FxPro pages
Holding a position overnight without reading the financing terms is a mistake that quietly accumulates, and it is measured in charges rather than in dramatic events. Indian readers can check how SEBI describes investor grievance routes and learn how overnight financing works in currency trading before assuming a position is free to keep.