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A swap (also called a rollover fee) is the interest paid or earned for holding a trading position overnight. Every day at the server rollover time (usually 00:00 server time), open positions are charged or credited a swap based on the interest rate differential between the two currencies in the pair.
Swap rates can be positive or negative, and they differ between long and short positions. If you're long on a currency with a higher interest rate than the one you're short, the swap is more likely to be positive; if the interest rate differential is against you, it is negative. The calculator shows the current long and short rates for the instrument you select.
Every Wednesday (or the broker's designated triple-swap day), the swap is charged at 3× the normal rate to account for the weekend settlement period. This is known as the triple swap and applies even if you don't hold over the actual weekend.
Read the explainerSwap Fees Explained: What You Pay (or Earn) to Hold a Trade Overnight
Swaps are charged daily at the server rollover time — typically 00:00 server time (GMT+3 in summer, GMT+2 in winter) at GCC Brokers. If you open and close a position within the same trading day, no swap is charged.
Forex trades settle on a T+2 basis (two business days after execution). A position held through Wednesday night settles on Friday, and the next settlement would be Monday — skipping Saturday and Sunday. The triple swap on Wednesday covers these two extra days.
Yes. If the interest rate of the currency you're buying is significantly higher than the one you're selling, the swap can be positive — you earn money for holding overnight. This is the basis of carry trade strategies.
The calculator reads each instrument's current swap settings from our MetaTrader 5 server and refreshes them at least hourly. Swap rates change as interbank interest rates move, so always confirm the current rates on your MetaTrader 5 platform (right-click the symbol → Specification → Swap Long/Short).
Please contact our support team at support@gccbrokers.com to inquire about swap-free account options. Availability may depend on your account type and jurisdiction.
For day traders, swaps are negligible. For swing and position traders holding for days or weeks, swap costs can significantly eat into profits — especially on pairs with high negative swaps. Always factor swap costs into your trade plan for multi-day positions.
