Swaps can be calculated with the following formula.

Swaps = Pip value x Number of lots x Swap rate x Number of nights

Example:

$10 (pip value for 1 lot of GBP/USD) x 4 (number of lots) x 0.35 (short GBP/USD) x 4 (number of nights) = $56 swaps

Pip values can be found in our Contact Specifications page.

More information on swap charges can be found on the FXTM official website.