Find the cheapest broker for holding positions overnight. Sort by long or short swap, filter by currency pair.
Affiliate disclosure: CompareFX may earn a commission when you open an account via our links. This does not affect our data or rankings.| Broker | Regulation | Long swap (USD/lot/night) | Short swap (USD/lot/night) | Avg cost | Open account |
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Also called rollover or financing cost, a swap fee is charged (or paid) when you hold a forex position open past the end of the trading day — typically 5 PM New York time. It reflects the interest rate differential between the two currencies in the pair. On Wednesdays, most brokers charge triple to account for the weekend.
Under ESMA rules, EU retail traders face leverage limits (max 30:1 on major pairs). At lower leverage, position sizes are smaller — but if you swing trade or hold positions for days, swap costs can erode your returns faster than spreads. For positions held 5+ days, swap cost often exceeds the spread cost.
Choose a broker with the best rates for your specific trading pair and direction. If you are primarily long EUR/USD (a common direction for EUR-based traders), IC Markets and Pepperstone typically offer the most competitive rates. Islamic (swap-free) accounts are available at several brokers — check your eligibility.
The rates in this comparison are indicative and updated monthly. Actual rates depend on central bank decisions, interbank overnight rates (EONIA, SOFR, SONIA), and each broker's own margin. Always verify the current rate in your broker's platform before entering a trade you plan to hold overnight.
Swap rates are collected from each broker's published rate sheets, trading platforms (MT4/MT5 swap windows), and direct broker contacts on a monthly basis. Rates shown are for standard lots (100,000 units) in the base currency. Rates will differ for mini lots and micro lots proportionally.
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