WHAT IS SWAP ?

The word "swap" means an act of exchanging one thing for another. At the financial markets swap is an agreement between two parties to exchange sequences of cash flows for a set period of time.


Swap is calculated depending on the currency rate position and based on low or high interest rates.


If a currency with a high interest rate is sold against a currency with a low interest rate an investor agrees to pay a commission for holding positions open overnight. This reflects as Swap on a  trader’s account.


Example:  If an investor sells TRY and buys USD, the swap will appear on a trading account as a negative balance.

Swap sometimes referred to as "overnight interest cost" or "cost of carry". 

HOW TO BE A TRADER?

We invite you to meet Mekness investment world. You can follow the steps below to be an online investor with us.

  • You can fill the free demo account form on the side to open an unreal account and try the market without any risk.

  • You can apply to open a real account to enter the world of investment.

  • After depositing the initial investment you can easily start to trade.

Let us give you information about investment education and products:
24/5 Live Chat

LEGAL: This website is operated by Mekness LLC incorporated with company number 524 LLC 2020. Registered Address: Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines. P.O. Box 2897. Operational Address: Sherina Plaza 3, Office Number 208, Opposite Deira Metro Station, Al Cornich Road, Deira, Dubai, UAE

Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. Your capital is at risk. Leveraged products may not be suitable for everyone.

Restricted Regions: Mekness does not offer its services to residents of certain jurisdictions such as USA, Canada, Japan, Iran, Cuba, Sudan, Syria and North Korea.



Contact Us: +971 54 719 9005   |
0