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In Forex trading, a difference in interest rates between two currencies in a currency pair is referred to as rollover, overnight interest, or SWAP. The notional value of the position and the difference in interest rates between the currencies are used to calculate swaps.
Purchasing a currency with a higher interest rate will result in selling it for a positive swap or interest credit, which is the trading platform’s payment for keeping the position open for a short while.
On the other hand, you will have to pay a negative swap or interest charge, which is equivalent to being charged for keeping the money overnight, if the currency you brought has a lower interest rate than when you sold it.
Note: Swaps are subject to market conditions and fluctuations in interest rates set by central banks. They can also differ based on a currency basis.
Over time, a lack of trading activity results in dormant or inactive fees for account maintenance. The purpose of this fee is to control administrative expenses.
It is taken out of your trading account until the balance is zero and is calculated as a percentage of the account balance, with a $100 maximum charge.
