What are swap fees? – Vantage

Swap fees, also known as rollover fees, are charges or credits applied to positions that are held overnight in trading. The calculation of this fee is based on three key factors:

Position size:	The lot size of the product you hold influences the fee. Larger positions typically incur higher swap fees.
Interest rate differential:	The swap fee is based on the interest rate difference between the two currencies or assets involved in the trade. Each product has a specific interest rate that can vary.
Swap type:	A positive swap earns a fee, while a negative swap incurs a fee, based on the interest rates of the respective products.

Swap fees will be charged for positions that remain open according to our server time of GMT+2 or GMT+3 at 24:00 hours, which corresponds to the US market closing time, and these fees apply to all products except those in the futures market.

A 3-day swap fee applies to specific products, with no swap fees incurred over the weekend:

- Wednesday: Forex, Gold, and Silver

- Friday: Oil, Indices, Commodities, Shares, and specific ETFs

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