Forex Swap

A Forex swap is also known as an interest rollover and it takes place when you carryover your trade from one day of Forex trading and into the next day.

This can also commonly be called simply a carry, when you engage in trading today for the currency pair that you’re trading and you carry that same exact trade over into the following day. One of the labels that you should see in your Forex brokers terminal window or platform as is the term swap. Swap is either the interest that you earn or pay for holding on to a trade for 24 hours or more. Typically you won’t earn or pay any interest or money if you don’t hold the trade through whichever time your brokerage platform uses as its cut-off point for daily trading.

Many U.S. Forex platforms will use Eastern Standard time as their preferred time zone. For what reason do Forex brokers offer daily swap interest rollovers?

The fast-paced Forex world of day-trading, each central bank across the glove has an interest rate they issue to their customers for issuing loans.

Their interest rate is calculated to offset the amount of risk they choose to employ in offering loans to their customers.

You’ll find that on the nightly business news, banks will always announce and talk about national interest rates. The central bank in the United States (USD) as an example might have a 4% interest rate, and the central bank in England (GBP) may issue a 1% interest rate on loans to their brokers and clients. If you buy the U.S. dollar (USD) in exchange for the British Pound Sterling (GBP), and you hold that trade overnight, are you going to earn interest payments or expend them?

You will earn interest payments from the broker because the United States bank interest rate is substantially higher than that of the national bank of England.

The primary reason this exists is an unknown mystery to almost all people and something that has almost been forgotten by many. Back in the day when you were holding on to valued capital overnight in your bank account, you would accrue interest on your valued holdings at a rate that was predetermined by your bank. In exchange for letting the bank hold on to your capital and use it to make investments in order to make more money, they would give a little sliver or percentage of their investment earnings back to you.

In the event that you would hold a low interest pair against a high interest pair then you would instead get charged interest as the bank would be losing investment capital.

As an example, if were to sell the U.S. dollar (USD) in exchange for the British pound (GBP) you’re effectively shorting the U.S. dollar (betting against the value of the U.S. dollar) and you’re buying the GBP, in this you will be paying interest if you choose to hold that trade for an extended period of time (longer than 24 hours). This is in fact a complex calculation to make considering that even though you will pay interest, the GBP may outperform the USD in the 24 hours trading period to the point where it would make up for whatever interest that you would have to pay for carrying your trade overnight for longer than 24 hours.

Forex swap calculation

Let’s calculate an example simulated scenario of a Forex swap together, where we’ll be using the previously mentioned currency pair of USD/GBP.

Let’s say you decide to open a sell position on USD/GBP for 1 lot (100,000 units). You would now be holding 100,000 USD, borrowing at a rate of 4.0%. When selling USD/GBP, you are buying Australian dollars which accrue interest at a rate of 1.0%. Now you see that when the interest rate of a country’s currency that you are purchasing is higher than the interest rate of the traded currency pair that you are selling, storage and interest fees will accrue in your trading portfolio..

In this example we will be buying the British pound and selling the US dollar. Because the interest rate of the traded currency pair selling is significantly higher than the currency that we are buying we will be required to add-in the froreign currency exchange broker’s commission into our example equation below.

● Contract: 100,000 GBP ● Price: USD/GBP – 0.77 ● Interest Rate Differential: 5% (6% – 1%) ● Broker’s Commission: 0.3% ● Days per Year: 365 days in one year

Below we dive into the details (the equation) as to how we would go about calculating the traded currency pair swap amount and the amount of swap rollover fees we would receive if we were to hold the currency for overnight for one night.

SWAP = (Contract x (Interest Rate Differential – Commission) / 100) x Price / Day per Year

We will go ahead and use the example values provided earlier on in the article in order to calculate how much we money we would make if we decided to carry our day-trade on into the next day (longer than 24 hours).

What this essentially means is that when your U.S. dollar position carries over into the next day and you don’t trade it back for at least 24 hours, your account will be debited 11.18 British Pounds by the Forex broker. While this may not seem like a whole lot of money, remember that the total interest you earn overtime, from day-to-day will quickly add up and grow exponentially as you will have more funds with each day to trade with and thus carryover.

Important Foreign Exchange swap statistics

Below we have put together a comprehensive list of interesting and mind-blowing global Forex swap statistics, listed no particular order. With these statistics you will help your mind better grasp and conceptualize exactly how big the foreign exchange swap market truly is, and what benefits and risks are associated with trading swaps on the Forex market.

● Day-trading in the Forex markets totaled a whopping $6.6 trillion per day April 2019, which represents a $1.5 trillion dollar increase from the same-time day-trading 3 years ago. Growth of Forex derivatives, specifically foreign exchange swaps significantly outpaced standard spot price day-trading. ● Forex swaps continue to quickly gain momentum and market share in total foreign exchange trading and accounted for roughly 49% of the total amount of foreign currencies that were exchanged in April of 2019. ● Over-the-counter (OTC) Forex exchange swaps have increased by about 240% from year 2004 to year 2019 and currency swaps have risen by over 400%, outpacing all other derivatives in its class. ● The US dollar takes the lead over the total amount of Forex currency swap transactions and also attributed for almost 91% of all the Forex swap transactions that took place in year 2019.

Forex Swap Conclusion

Trading Forex currency swaps certainly won’t make you a millionaire overnight, but it will act as just another method to further pad your trading portfolio in a positive, more profitable direction. Furthermore, you can use resources online like Forex swap calculators to get a better handle on your potential trading positions.

Forex Swap Broker Guide

We've collected thousands of datapoints and written a guide to help you find the best Forex Swap for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Forex Swap below. You can go straight to the broker list here.

Reputable Forex Swap Broker Checklist

There are a number of important factors to consider when picking an online Forex Swap trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Forex Swap Brokers.

We compare these features to make it easier for you to make a more informed choice.

Best 15 Forex Swap Brokers of 2024 compared

Compare Forex Swap Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are forex swap brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more forex swap brokers that accept forex swap clients

All Forex swap brokers in more detail

You can compare Forex Swap Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

IC Markets

★★★★☆ (4/5)

Min deposit : 200
IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies
IC Markets was established in 2007 and is used by over 180000+ traders.

Visit IC Markets Try a Demo Read review

Losses can exceed deposits

Broker	IC Markets	Roboforex	eToro	XTB	XM	Pepperstone	AvaTrade	FP Markets	NordFX	EasyMarkets
Rating	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆
Regulation	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund	FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076	FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)	Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)	Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217	Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland	Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)	Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008	Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
Min Deposit	200	10	100	No minimum deposit	5	200	100	100	1	100
Funding	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal
Used By	180,000+	1,000,000+	30,000,000+	1,000,000+	10,000,000+	400,000+	300,000+	10,000+	10,000+	142,500+
Benefits	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit Guaranteed stop loss Offers Negative Balance Protection
Accounts	Demo account Mini account Standard account Zero spread account Raw Spread account Islamic account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Standard account Islamic account	Pro account Demo account Micro account Mini account Standard account Islamic account	Demo account Micro account Standard account Islamic account	Demo account Standard account Zero spread account ECN account Islamic account	Demo account Micro account Mini account Standard account Managed account Islamic account	Demo account Micro account Standard account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Standard account Islamic account
Spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads
Platforms	MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps	Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5	MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps	MT4, MT5, Tablet & Mobile apps	MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Learn More	Sign Up with IC Markets	Sign Up with Roboforex	Sign Up with eToro	Sign Up with XTB	Sign Up with XM	Sign Up with Pepperstone	Sign Up with AvaTrade	Sign Up with FP Markets	Sign Up with NordFX	Sign Up with easyMarkets
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	76% of retail investor accounts lose money when trading CFDs with this provider.	76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	75-95 % of retail investor accounts lose money when trading CFDs	71% of retail investor accounts lose money when trading CFDs with this provider	Losses can exceed deposits	Losses can exceed deposits	Your capital is at risk
Demo	IC Markets Demo	Roboforex Demo	eToro Demo	XTB Demo	XM Demo	Pepperstone Demo	AvaTrade Demo	FP Markets Demo	NordFX Demo	easyMarkets Demo
Excluded Countries	US, IR, CA, NZ, JP	AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH	ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR,	US, IN, PK, BD, NG , ID, BE, AU	US, CA, IL, IR	AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET	BE, BR, KP, NZ, TR, US, CA, SG	US, JP, NZ	US, CA, EU, RU, SY, KP, CU	US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

Roboforex

★★★★☆ (4/5)

Min deposit : 10
Roboforex offers Forex, CFDs
Roboforex was established in 2009 and is used by over 1000000+ traders.

Visit Roboforex Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund

eToro

★★★★☆ (4/5)

Min deposit : 100
eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds
eToro was established in 2007 and is used by over 30000000+ traders.

Visit eToro Try a Demo Read review

76% of retail investor accounts lose money when trading CFDs with this provider.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076

XTB

★★★★☆ (4/5)

Min deposit : 0
XTB offers Forex, CFDs, Cryptocurrency
XTB was established in 2002 and is used by over 1000000+ traders.

Visit XTB Try a Demo Read review

76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)

★★★★☆ (4/5)

Min deposit : 5
XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs
XM was established in 2009 and is used by over 10000000+ traders.

Visit XM Try a Demo Read review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200
Pepperstone offers Forex, CFDs, Social Trading
Pepperstone was established in 2010 and is used by over 400000+ traders.

Visit Pepperstone Try a Demo Read review

75-95 % of retail investor accounts lose money when trading CFDs

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

AvaTrade

★★★★☆ (4/5)

Min deposit : 100
AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading
AvaTrade was established in 2006 and is used by over 300000+ traders.

Visit AvaTrade Try a Demo Read review

71% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland

FP Markets

★★★★☆ (4/5)

Min deposit : 100
FP Markets offers Forex, CFDs
FP Markets was established in 2005 and is used by over 10000+ traders.

Visit FP Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)

NordFX

★★★★☆ (4/5)

Min deposit : 1
NordFX offers Forex
NordFX was established in 2008 and is used by over 10000+ traders.

Visit NordFX Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008

EasyMarkets

★★★★☆ (4/5)

Min deposit : 100
easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto
easyMarkets was established in 2001 and is used by over 142500+ traders.

Visit easyMarkets Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)

Forex Swap Review by Andrew Blumer last updated on April 22, 2024

Forex swap brokers Table of Contents

Forex swap brokers Explained
6 Factors to Consider when Choosing Forex swap brokers

Are Your Forex swap brokers Trusted And Established?
Are The Forex swap brokers World Leading?
What are the Forex swap brokers Commissions and Fees?
What are the Forex swap brokers Funding and Withdrawl Methods?
Find Forex swap brokers with Round-the-clock support?
Make sure the Forex swap brokers Offer Comprehensive Trader resources?
Why do Forex swap brokers need to be regulated?

Related Forex swap brokers Reviews
Related Forex swap brokers Alternatives
Related Forex swap brokers Comparisons
Forex swap brokers FAQ

Decoding and Calculating the Forex Swap Rollover Fee
Forex swap calculation
Important Foreign Exchange swap statistics
Forex Swap Conclusion

Forex swap brokers Explained

Trading the financial markets with Forex swap brokers when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Forex swap brokers is the platform that a Forex swap brokers offer.

Choose Forex swap brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Forex swap brokers that you can rely on.

6 Factors to Consider when Choosing Forex swap brokers

Follow these five rules for selecting a broker that's right for you:

Are Your Forex swap brokers Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The best rated Forex swap brokers broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.

IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Another best rated broker is Roboforex.

Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.

Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker	IC Markets	Roboforex	eToro	XTB
Year Established	2007	2009	2007	2002
Head Office	Australia	Belize	Cyprus, UK	Poland
Regulation	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund	FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076	FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
Used By	180,000+	1,000,000+	30,000,000+	1,000,000+
Negative balance protection	Yes	Yes	Yes	Yes
Guaranteed Stop Loss	No	No	No	No
Learn More	Visit IC Markets	Visit Roboforex	Visit eToro	Visit XTB
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	76% of retail investor accounts lose money when trading CFDs with this provider.	76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Are The Forex swap brokers World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 2250 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, IC Markets supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for Forex swap brokers is Roboforex . Roboforex Segregates clients funds and offers over 100 instruments.

Broker	IC Markets	Roboforex	eToro	XTB
Instruments Available	2250	100	5000	5600
Platforms	MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
Excluded Countries	US, IR, CA, NZ, JP	AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH	ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR,	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR
Forex pairs offered	61	35	50	57
Forex pairs offered	61	35	50	57
Major forex pairs	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	No	Yes	No
Commodities Offered	20	21	31	21
Metals	Yes	Yes	Yes	Yes
Energies	Yes	No	Yes	Yes
Agricultural	Yes	No	Yes	Yes
Stocks Offered	2100	0	2042	1696
UK Shares	Yes	Yes	Yes	Yes
US Shares	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes

What are the Forex swap brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Forex swap brokers broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.

Another best rated Forex swap brokers broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10.

Broker	IC Markets	Roboforex	eToro	XTB
Min Deposit	200	10	100	0
Withdrawl Fees	No	Yes	Yes	varies
Inactivity Fees	No	No	Yes	Yes
Deposit Fees	Varies	No	No	No
CFD Commission Fees	Yes	No	Yes	Yes

What are the Forex swap brokers Funding and Withdrawal Methods?

When dealing with Forex swap brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	IC Markets	Roboforex	eToro	XTB
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	No	Yes	Yes
Skrill	Yes	No	Yes	Yes
Payoneer	No	Yes	No	Yes
Neteller	Yes	Yes	Yes	Yes

Find Forex swap brokers with Round-the-clock support?

Customer service is very important when dealing with Forex swap brokers.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Forex swap brokers customer support can include Phone answering services, Live chat support and Email customer service support.

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian

IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	IC Markets	Roboforex	eToro	XTB
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian	English, German, Spanish, French, Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More	Visit IC Markets	Visit Roboforex	Visit eToro	Visit XTB
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	76% of retail investor accounts lose money when trading CFDs with this provider.	76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Make sure the Forex swap brokers Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from best analysts, IC Markets and Roboforex work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do Forex swap brokers need to be regulated?

A regulated Forex swap brokers broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Forex swap brokers brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

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Our brokerage comparison table below allows you to compare the below features for brokers offering Forex Swap Brokers.

Best 15 Forex Swap Brokers of 2024 compared

All Forex swap brokers in more detail

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Forex swap brokers Explained

6 Factors to Consider when Choosing Forex swap brokers

Are Your Forex swap brokers Trusted And Established?

Are The Forex swap brokers World Leading?

What are the Forex swap brokers Commissions and Fees?

What are the Forex swap brokers Funding and Withdrawal Methods?

Find Forex swap brokers with Round-the-clock support?

Make sure the Forex swap brokers Offer Comprehensive Trader resources?

Why do Forex swap brokers need to be regulated?

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