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Swap Rates

Swap Rates

The PRIME Account allows our clients to trade FX Currency pairs plus metals on a raw feed and pay commissions outside the spread.

For the latest Swap rates please login into BlackPearlFX MT4 Trading Platform. Right click > Market Watch Select > Symbols Then choose the currency pair you wish to check and select Properties

What is a Swap Rate?

The swap charge is the interest rate differential between the two currencies pairs you are trading. A swap/rollover fee is charged when a position is kept open overnight. The swap charge is determined based on the interest rates of the two countries involved and it is calculated according to whether your position is long or short. Look at the example below to understand a little bit better how the Swap rate works: The Swap calculation on Forex works as follows:

Depending on the position direction, a swap size is taken from the "Long positions" or "Short positions" field. The calculation is performed in the following order:

•    Calculating the point price in a symbol profit currency considering a position volume
•    Converting the obtained price into a client's deposit currency
•    Calculating a swap sum using the formula shown above


For example, in case of Buy 5.00 USDTRY with the contract volume of 100 000 and Forex profit calculation type, the point price is calculated as follows:
5 * 100 000 * 0.00001 = 5 TRY

If the deposit currency is USD, the price is converted at the current rate:
5 * 0.2274587 = 1.14 USD (with rounding)

If the swap for long positions is -11.35, the total sum is as follows:
1.14 * (-11.35) = -12.94 USD

Please note that BlackPearlFX calculates swap once for each day of the week that a position is rolled over, while on Wednesday night swap is charged 3 times to account for the weekend. If you are a Broker or an Institutional client contact us via email at support@blackpearlfx.com and ask a member of our staff for our Inter Bank Swaps.

REGULATION AND LICENCING

CFDs and Spot FX are leveraged products and carry a high degree of risk to your capital. It is possible to lose more than your initial investment so only speculate with money you can afford to lose. CFDs and Spot FX may not be suitable for all investors so please ensure you fully understand the risks involved, seeking independent advice if necessary. 

BlackPearlFX is a trading name of Black Pearl Securities Limited (Company number 08823678). Black Pearl Securities Limited is authorized and regulated by the Financial Conduct Authority, Financial Services Register Number 688456. Registered office address: 23 Austin Friars, London, EC2N 2QP. United Kingdom

Relationships listed throughout the website may be directly or indirectly established with Black Pearl Securities Limited or its trading name BlackPearlFX. The Entities listed include custodian banks, clearing partners, liquidity providers, technology providers, news & market data vendors, among others. Names and Logos of listed entities are the property of their respective owners. 

BlackPearlFX’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 522933).

The information on this site is not directed at residents of the United States, Japan, Afghanistan, Algeria, Angola, Bosnia and Herzegovina, Cuba,Guyana, Iran, Iraq, Lao PDR, Myanmar, North Korea, Papua New Guinea, Sudan, Syria, Uganda, Yemen or any particular country outside the United Kingdom and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law and regulation.

www.blackpearlfx.com is owned and operated by Black Pearl Securities Ltd.

Website Terms and Conditions | Risk Warning Notice | Customer Terms and Conditions

REGULATION AND LICENCING

CFDs and Spot FX are leveraged products and carry a high degree of risk to your capital. It is possible to lose more than your initial investment so only speculate with money you can afford to lose. CFDs and Spot FX may not be suitable for all investors so please ensure you fully understand the risks involved, seeking independent advice if necessary. 

BlackPearlFX is a trading name of Black Pearl Securities Limited (Company number 08823678). Black Pearl Securities Limited is authorized and regulated by the Financial Conduct Authority, Financial Services Register Number 688456. Registered office address: 36 Whitefriars Street, London, EC4Y 8BQ. United Kingdom

Relationships listed throughout the website may be directly or indirectly established with Black Pearl Securities Limited or its trading name BlackPearlFX. The Entities listed include custodian banks, clearing partners, liquidity providers, technology providers, news & market data vendors, among others. Names and Logos of listed entities are the property of their respective owners. 

BlackPearlEX’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 522933).

The information on this site is not directed at residents of the United States, Japan, Afghanistan, Algeria, Angola, Bosnia and Herzegovina, Cuba,Guyana, Iran, Iraq, Lao PDR, Myanmar, North Korea, Papua New Guinea, Sudan, Syria, Uganda, Yemen or any particular country outside the United Kingdom and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law and regulation.

www.blackpearlfx.com is owned and operated by Black Pearl Securities Ltd.

Website Terms and Conditions | Risk Warning Notice | Customer Terms and Conditions