Swap / Overnight Fee
Interest paid or earned for holding a position overnight, based on the interest-rate difference between the two currencies.
Why Swap / Overnight Fee Matters
Understanding Swap / Overnight Fee helps you compare brokers on trading costs and avoid surprises. It's one of the details our reviews check so you can judge a broker on evidence, not marketing.
Example of Swap / Overnight Fee
When you read a MyTradingReviews listing, Swap / Overnight Fee is one of the data points we verify and display — so you can see exactly how each broker handles it before you open an account.
Compare how each broker handles swap / overnight fee in our independent broker reviews and the comparison tool.
Definitions follow one published methodology — verified data, real accounts and dated evidence, not marketing. When a broker changes its terms, the reviews change with it.
Related Terms
The difference between the buy (ask) and sell (bid) price of an instrument — the basic cost of a trade.
The smallest standard price move in forex, usually 0.0001 for most currency pairs. Spreads are quoted in pips.
The unmarked spread received from liquidity providers, often near 0.0 pips; the broker charges a separate commission instead.
A fixed fee charged per trade (often per lot), typically on ECN/raw-spread accounts.