When a retail trader holds a position overnight, they may either receive or pay a swap rate, depending on the interest rate differential between the two currencies being traded. You can check our live swap rates on our trading platform.
Dive into Swaps at Icon FX
Swaps are applied automatically to open positions
Each assets swap fee is measured in the standard size of one lot
Swaps can be both positive or negative on both long and short positions
Swaps are calculated at 10:00PM (GMT)
Thursday and Friday swaps are calculated and charged on Wednesday nights
The swap is only applied when the position is held until the next FX trading day
See Our Swap Rates
You can access our real-time swap rates through our platforms. Simply follow the steps below on your trading platform once logged in:
1
Step 1
Right click on a product in the 'Market Watch' window and select 'Symbols'
2
Step 2
Select the product from the list and then select 'Properties'
3
Step 3
Swap rates for both long and short positions will appear in the window
Flexible Trading Conditions at Icon FX
Margin and leverage are fundamental components of forex trading, enabling traders to increase their market exposure and potential profits while effectively managing their capital.
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Icon FX is a trade name of Icon Tech PTY Ltd, a limited company registered in Australia authorised and regulated by the Australian Securities & Investments Commission (ABN 94 650 709 265)
Here at Icon FX we want to expand our positive influence beyond the financial sector. That’s why when you trade with Icon FX we commit a portion of our revenue to supporting world-leading projects like Ocean-Bound Plastic Clean-up and Mangrove Tree Planting. See more info here https://verdn.com/
Risk Warning: Trading foreign exchange on margin carries significant risks, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution. A Disclosure Document is available here. Information about our services, including our fees and charges is also available at those sources.
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