Every forex position held past midnight attracts a swap charge (or earns a credit). Know the exact rupee cost before you decide to hold your trade overnight.
A swap (also called a rollover) is the interest rate differential between the two currencies in a pair, applied each night a position remains open past the daily cutoff (usually 22:00 GMT on the MT4 server).
On USD/INR, the interest rate gap between India and the US means long positions typically pay a swap charge. Short positions may earn a modest credit depending on the prevailing rate differential. Over several days, these costs can meaningfully eat into an otherwise profitable trade.
Wednesday overnight carries a triple swap charge to account for the weekend settlement period when markets are closed but interest continues to accrue. Always factor this into your holding-period planning before deciding to keep a position open.
Every tool runs in INR and recalculates as you type. Pick one to jump straight to it.
Size each position to a defined % risk and stop-loss in pips.
Open →Find out how much margin a trade requires at 1:50 to 1:500 leverage.
Open →Enter your entry, exit and direction to estimate the INR outcome.
Open →Project how your account grows with a consistent monthly return.
Open →Work out the overnight financing cost for positions held past rollover.
Open →