Octa clarifies that Forex swap is a commission charged for holding open positions overnight.

Octa clarifies Forex swap and swap-free accounts, explaining that swap is a commission charged for holding open positions overnight in the Forex market. It is typically withdrawn between 11 pm and 12 am server time. The Forex market, being over-the-counter and non-deliverable, automatically closes and reopens positions to avoid calculations. The swap can be positive or negative depending on the position's value, and Octa aims to educate traders about these concepts for successful trading.

March 29, 2024
4 Articles