Currency Pair Swap Times

Beginner Questions
1

Hi,

Does anyone know what a “swap time” is on Trading212?

Thank you.

  • Nick

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2

That should be the time at which the interest swap charges will be applied, if you have open positions with this instrument.

3

Thank you JJD. I now have to research what an interest swap charge is. To google it is!

  • Nick
4

No worries, Nick. I can simplify for you - the interest swap is the cost of trading on margin (using the leverage effect). Long story short, the broker lends you money so you could utilise the leverage. You pay a small interest in return for using that money.

1 Like
5

Thank you JJD.