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".
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.
LEGAL: This website is operated by Mekness Limited Registration No: 2024-00682. | NFA ID: 0563092
Registered Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Operational Address: office number 202, Blue Tower Sheikh Zayed Road UAE Contact: +971 43 88 4268 |
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, Federal Territory Labuan Malaysia, Cuba, Sudan, Syria and North Korea.