{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"FXGT Swap Point List | Explanation of Occurrence Time, Calculation Method, and Swap-Free Conditions - Money Charger (Overseas FX Cashback Service)","type":"rich","width":600,"height":338,"html":"
FXGT Swap Point List | Explanation of Occurrence Time, Calculation Method, and Swap-Free Conditions
\n","description":"When using FXGT, swap points are a crucial factor that directly impacts a trader's profits and losses. Swap points, which arise from daily interest rate adjustments, are particularly noticeable when holding long-term positions. This article provides a detailed explanation of FXGT's swap points. We will introduce the characteristics of swap points, differences by instrument and account type, and how to check swap points, so please refer to it. For information on FXGT's withdrawal refusal cases and reliability, please also check our thorough investigation of FXGT's reputation and reviews. About FXGT's Swap Points In FX trading, swap points are a crucial factor that directly affects profits and losses while holding a position. Understanding swap points is essential for swap trading, which aims for stable profits using interest rate differences, and for developing strategies to reduce holding costs. Here, we will explain the basic concepts and mechanisms of swap points in an easy-to-understand manner. Understanding the above will be helpful for trading on FXGT, so please refer to it. What are Swap Points? Swap points are profits and losses that arise from the interest rate difference between two different currencies in FX trading. They are generated daily simply by holding a position overnight. When you sell a low-interest currency and buy a high-interest currency, you can receive swap points according to the interest rate difference. Conversely, when you sell a high-interest currency and buy a low-interest currency, you will pay swap points. How Swap Points Work Swap points are heavily influenced by the policy interest rates set by each country's central bank. For example, if country A's policy interest rate is 5% and country B's policy interest rate is 0.5%, then if you hold a position buying country A's currency and selling country B's currency, you will receive swap points daily according to the interest rate difference of 4.5% (annually). Conversely, if you hold a position selling a high-interest currency and buying a low-interest currency, the swap points will be negative. For example, if you buy the Japanese yen, which has a low policy interest rate, and sell the Turkish lira, which has a high interest rate, you will pay swap points each time you hold the position. Remember that this interest rate difference fluctuates daily, so swap points will also fluctuate accordingly. Characteristics of FXGT's Swap Points FXGT's swap points have characteristics that traders should be aware of. Understanding the characteristics of swap points is important for trading efficiently on FXGT. Here, we will explain in detail the following points regarding the characteristics of FXGT's swap points. Please understand these characteristics and use them to your advantage when trading with FXGT. FXGT has days when swap points are tripled FXGT has certain instruments on specific days when swap points are tripled. This is mainly due to interest rate adjustments caused by the weekend. Normally, FX swap points are awarded daily, but since the market is closed on Saturdays and Sundays, the swap points for those days are awarded all at once on a specific day before the weekend. By holding a position targeting this triple-point day, it is possible to efficiently earn swap points. However, conversely, negative swap points are also tripled, so caution is needed regarding the direction of your position. For the relationship between specific instruments and the triple-point days, please refer to the table below. Target Instruments Day of the Week FX Currency Pairs, Metals (Precious Metals), Energy Wednesday Stock Indices, Stocks Friday FXGT Swap Points Vary Depending on Account Type FXGT offers different swap points depending on the account type it provides. This is because each account type is designed to meet the needs of various traders. For example, when engaging in swing trading or position trading with the intention of holding positions for the long term, swap points significantly impact profits and losses, making the choice of account type crucial. By selecting an account that suits your trading style, you can minimize unexpected losses due to swap points or even turn them into profits. Check the detailed swap point conditions for each account type on the FXGT official website and choose the account that best suits you. FXGT offers swap-free account types. FXGT offers a swap-free service (no swap points are incurred) for some account types. Swap-free accounts are a great advantage for traders who hold positions for the long term or who want to trade without worrying about profits and losses from swap points due to interest rate fluctuations. In particular, being able to trade without worrying about costs is attractive in cases where large swap point payments would normally be incurred, such as short positions in high-interest currency pairs. Please refer to the table below for which account types and which instruments are eligible for swap-free trading. Instruments Optimus Account PRO Account ECN Zero Account Standard+ Account Crypto Max Account Mini Account FX Currency Pairs Swap Points Available 6-Day Swap Free Swap Points Available Swap Points Available – Swap Points Available Cryptocurrencies Swap Points Available Only for Some Instruments Swap Free Swap Points Available Swap Points Available Swap Points Available Swap Points Available Synthetic Crypto Assets – Swap Points Available Swap Points Available Swap Free Swap Points Available – Metals (Precious Metals) Swap Points Available 6-Day Swap Free 3-Day Swap Free Swap Points Available – Swap Points Available Energy Swap Points Available 6-Day Swap Free Swap Points Available Swap Points Available – Swap Points Available Stock Index CFDs Swap Points Available 6-Day Swap Free 3-Day Swap Free Swap Points Available – Swap Points Available Stock CFDs Swap Points Available 6-Day Swap Free Swap Points Available Swap Points Available – Swap Points Available FXGT has different swap point accrual times depending on the instrument. At FXGT, the swap point accrual time varies depending on the type of instrument you trade. This is because adjustments are made to match the closing time of the market on which each instrument is based and the characteristics of each instrument. For example, while swap points are typically credited at the start of a new day for FX currency pairs and CFD products, cryptocurrency swap points are credited six times a day, every four hours. When holding a position overnight, it's crucial to check the swap point accrual times for your holdings beforehand. This prevents unexpected losses due to swap accrual and allows for more planned trading. Please refer to the table below for specific swap point accrual times for each group of cryptocurrencies. […]"}