Gleneagle Securities Pty Ltd, trading as FXTRADING.com, serves the diverse needs of sophisticated market participants and institutions ranging from retail clients, funds managers and high net worth clients to registered investment firms and funds.
We aim to remain at the forefront of what is demanded by the markets, with an open mind of stay focused, stay driven.
ABOUT FXTRADING.COM
Redeem up to 25% cash bonus to cover your losses, to help you to become a successful trader.
FXTRADING.com offers two types of trading accounts, Alpha and Standard accounts that are tailored to meet the needs of clients with different level of trading experiences, in trading conditions of leveraging up to 500:1.
There are over 10 thousand plus trading instruments available with FXTRADING.com in the asset classes of currency pairs, metals, energies, crypto, equity indices and equity CFDs.
Limited time! Up to $600 Trading Bonus to empower your trading.
Get ready to trade with FXTRADING.com on our MT4, MT5 and IRESS platforms. Where you prefer to trade on PC, MAC, Linux, handheld device or laptop, our trading platforms are available for you.
Clients at FXTRADING.com have access to our full suites of trading platforms, so you can trade on PC, MAC OS, Mobile Devices, Tablets, including: iPhone®, iPad®, Android™ phone and tablet, Windows® phone and more.
IRESS
Get ready to trade global markets with FXTRADING.com via MT4, MT5 and IRESS platforms
Trading is a process of learning. At FXTRADING.com, we encourage clients to maintain an attitude of staying focused and driven in trading.
FXTRADING.com offers extensive and resourceful educational materials in multilingualism available in E-books and Videos for both novice and experienced traders, combined with our tailored interactive courses and up-to-date market analysis aiming to empower our clients with a trading edge.
Receive a 10% bonus on new deposits up to $50,000 and enjoy your awarded trading environment.
Industry leading
swap rates
Up-to-date
swap rates
Transparent swap
rates
Current interbank
rates applied
Only applied to
positions held
overnight
FXTRADING.com offers market-leading swap rates in the industry. Though swap rates only apply to client’s positions held overnight, negative swap rates can contribute to maximizing their overnight swap earnings.
Swaps are holding a rebate or cost on overnight open trades, calculated daily and derived from the relevant interbank differentials. Swaps can be either a positive (debit) or negative (credit) to your trade’s daily profit and loss, depending on where you are long or short and what the interest rates are between the relevant currency pair.
View FXTRADING.com Swap Rates in MT4 and MT5
Go to ‘Market Watch’ section
Right-click on any market and select ‘Symbols’
Select the relevant market you wish to view
Swap rates on both ‘Long’ and ‘Short’positions will be displayed
Click on the
‘Properties’ (‘Specification’ on MT5)
What is Carry Trade and How Does it Work?
Currency carry trades are a very popular trading strategy used by forex traders, which utilises swap rates. The carry trade involves selling or borrowing a forex currency pair with a low-interest rate, and using the proceeds to fund the purchase of another forex currency pair with a higher interest rate. By paying a low-interest rate on one currency pair and collecting the higher interest rate earned against another currency pair, the trader aims to profit from the interest rate difference.
In forex currency trading, a carry trade is a simultaneous action taken by traders who borrow one currency while using it to buy another currency. Collecting higher interest rates on the currency that traders bought while paying a low interest rate on sold currency, and the interest rate differential between the two currencies is the trader’s profit.
The carry trade strategy allows traders to ‘buy low, sell high’ when forex swap rates are in play. However, due to the recent trend of global real interest rate dropping significantly over the past three decades, risk-adjusted returns on carry trades have become less lucrative and difficult to implement.
How to Calculate Forex Swap Rates?
Swap rates are calculated automatically by FXTRADING.com’s MetaTrader platforms, but traders can calculate forex swap rates themselves using the following formula:
Swap Rate × Lots (Volume) × Number of Nights = Swap (in base currency)
For instance, let’s say you are trading 5x lots of GBP/USD at FXTRADING.com with a base currency of AUD. The swap long is at −2.19 and swap short is at 0.13. (Please be aware that on Wednesday night the charges are tripled due to weekend holding).
Using the following formula shows we should expect a daily swap debit of $10.95
Swap Rate × Lots (Volume) × Number of Nights = Swap (in base currency)
The long swap at −2.19 multiplied by 5 lots:
−2.19 × 5 lots = −AUD 10.95
However, because the trade was held between Wednesday and Thursday, a triple swap charge is incurred, taking the total days to be charged to five.
−10.95 × 5 nights = −AUD 54.75
This is the monetary value of the swap rate on your trade for 5 nights, and because it is a negative number, it means that a total of AUD $54.75 will be credited to your open trade.
Exchange Rate
Of course, these charges will change depending on which currency your account is in. The above example used an Australian dollar account, but if the same trade was placed using a US dollar account, the swap credit would be as follows.
Assuming AUD/USD exchange rate is at 0.7623, when it is converted to USD, the swap profit would be AUD 54.75 × AUD/USD 0.76 = USD 43.61
View FXTRADING.com Swap Rates
Any advice included in this website or correspondence is general advice only and is based solely on consideration of the investment or trading merits of the financial products alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the advice, the recipient should carefully consider the appropriateness of advice in light of his or her financial circumstances and should carefully review the Product Disclosure Statement regarding the relevant financial product as provided by your investment broker. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring derivative products, you have no entitlement, right or obligation to the underlying financial asset.
Regulation:
Vanuatu:
FXTRADING.com is a trading name of Gleneagle Securities Pty Ltd , Vanuatu Financial Services Commission (Company Number 40256).
Restricted Countries: Please note that we are unable to open accounts for the following countries and jurisdictions at this time. This list is subject to change at any time.
America (USA), Ontario Province inside Canada, North Korea, Iran, Japan, and New Zealand.
The information on the website is not directed to residents of any country where FX and /or CFDs trading is restricted or prohibited by local laws or regulations.
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