A forex swap rate or rollover is defined as the overnight interest added or deducted for holding a position open overnight. Swap rates are determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is long or short.

Swaps are applied only when positions are kept open until the next forex trading day.

Some currency pairs may have negative swap rates on both sides, both long and short.

Swap rates are calculated in points, Meta Trader 5 convert them automatically into the base currency of your account.

Each currency pair has its own swap charge and is measured on a standard size of 1.0 lots (100,000 base units).

On Wednesday night swaps for FX, Metals, Bonds and CFDs on Commodities are charged a triple rate the usual rate. On Friday night swaps for Energies, Indices and Cryptocurrencies are charged a triple rate the usual rate.

You will able to view the latest swap rates within your MetaTrader 5 trading terminal by following the process outlined below.

Right click on any instrument in the Market Watch section, then left click on the Specification option from the dropdown menu. A new window will open that shows the long and short swap rate for the pair selected.

On Wednesday night swaps for FX, Metals, Bonds and CFDs on Commodities are charged a triple rate the usual rate.

PRIDECAPITALFX offers variable spreads on our MetaTrader 5, forex trading platforms. We are able to offer tight spreads in each of our platforms thanks to our mix of liquidity providers. Our pricing consists of over 25 different liquidity providers ensuring our spreads remain tight and liquidity deep 24/5 Our typical spreads are illustrated below. Spreads can go as low as 0.0 pips on our MetaTrader 5 Raw Spread platforms. Instrument Specifications are subject to change. The most accurate details are those displayed in your account through the electronic trading system.

Meta Trader 5 commission is charged per side, per 100,000 USD traded. This is different to MetaTrader 4 which charges a fixed amount per lot.

The commission charged on the Meta Trader 5 platform is $7 USD per 100,000 USD traded. The USD commission amount is converted to the base currency of an account at the current spot rate. An example of the commission calculation on a Mete Trader 5 account is below.

By offering leverage up to 1:1000 we open the path to the forex market for Retail traders. Using leverage means only a small initial outlay (margin) is required. The use of leverage can magnify gains but losses can also exceed your initial deposit.

The trading hours for all currency pairs is 00:01 server time to 23:59 server time daily (23:57 on Friday), whereas for Gold is 01:02 server time to 23:57. All other Metals (XAG, WTI, BRENT) open for trading at 01:00 server time (Monday) and close at 23:59 server time daily (23:57 on Friday).

You will also be able to view the Trading Hours from within your MetaTrader 5 trading terminal by following the process outlined below.

Right click on any instrument in the Market Watch section, then left click on the Specification button, a new window will open that shows the Trading Hours for the pair selected.

Trading Hours are subject to change. The most accurate details are those displayed in your account through the electronic trading system.