Rollover rates (swap fees) are an essential factor for forex traders, especially those who hold positions overnight. These fees can significantly impact profitability for swing traders and long-term investors. Choosing a broker with low or competitive rollover rates can help reduce trading costs and improve overall returns.

This guide explains how rollover rates work, what factors influence them, and how to choose a forex broker with the lowest swap fees.

1. What Are Rollover Rates in Forex Trading?

Rollover (swap) fees are the interest rate differentials between two currencies in a forex pair, charged when a trader holds a position overnight. These fees depend on:

• The interest rates set by central banks of the traded currencies.
• The broker’s markup or adjustments.
• Whether the position is long (buy) or short (sell).

How Rollover Fees Work

• Positive Swap – Earned when the interest rate of the bought currency is higher than the sold currency.
• Negative Swap – Charged when the interest rate of the bought currency is lower than the sold currency.

For example:

• Going long on AUD/USD (where AUD has a higher interest rate than USD) may generate a positive swap.
• Shorting AUD/USD may incur a negative swap if USD has a lower interest rate.

2. Key Factors to Consider in a Broker’s Rollover Rates

1. Transparent Swap Rate Policies

A good broker provides:

• Daily updated swap rates on their website or platform.
• Clear explanations of how rollovers are calculated.
• No hidden fees added to the standard interest rate differential.

2. Competitive Rollover Fees

Look for brokers that offer:

• Low swap fees compared to industry averages.
• Tight spreads and low commissions to offset rollover costs.
• No extra markup on the base interest rate differential.

3. Swap-Free (Islamic) Accounts

For traders who want to avoid rollover fees, some brokers offer:

• Islamic swap-free accounts that eliminate interest charges.
• Alternative fixed fees instead of traditional swaps.
• Regulatory compliance with Shariah principles.

4. Market Access & Currency Pairs Offered

A broker should provide:

• Major, minor, and exotic currency pairs with clear rollover rates.
• Commodities, indices, and CFDs with competitive overnight costs.

5. Leverage & Margin Impact on Rollover Costs

Higher leverage can amplify swap costs, so consider:

• Leverage settings that align with your trading style.
• Lower leverage options to reduce interest rate exposure.

6. Weekend & Holiday Rollover Adjustments

Some brokers charge triple swaps on Wednesdays or Fridays to cover weekends. Check:

• Which days the broker applies triple rollover fees.
• Any special rollover adjustments during market holidays.

3. Best Forex Brokers with Low Rollover Rates

1. Intertrader – Best for Transparent Swap Policies

Regulation: FCA (UK)
Why It’s Great for Low Swaps:

• No hidden markups on interest rate differentials.
• Clear daily swap rate updates.
• Swap-free accounts available for eligible traders.

Intertrader is ideal for professional traders who need transparent swap rates.

2. TiBiGlobe – Best for Low-Cost Swing Trading & Rollover Fees

Regulation: FSC (Mauritius)
Why It’s Great for Low Swaps:

• Competitive swap rates across forex and commodities.
• Custom margin and leverage settings to optimize rollover costs.
• Swap-free accounts available for select clients.

TiBiGlobe is perfect for swing traders who hold positions overnight frequently.

3. Vantage – Best for Low Swaps on ECN Accounts

Regulation: ASIC (Australia), FCA (UK)
Why It’s Great for Low Swaps:

• Raw ECN spreads to reduce overall trading costs.
• Low rollover fees on forex majors and minor pairs.
• High-volume traders receive swap rate discounts.

Vantage is recommended for traders who prefer ECN execution with lower swap fees.

4. AvaTrade – Best for Fixed Spread Trading & Swap-Free Options

Regulation: ASIC, FSCA, CySEC, Central Bank of Ireland
Why It’s Great for Low Swaps:

• Fixed spreads with predictable trading costs.
• Swap-free Islamic accounts available.
• Clear overnight financing charges for non-swap-free accounts.

AvaTrade is ideal for traders who prefer stability in trading costs.

5. Markets.com – Best for Transparent Swap Rates & Market Analysis

Regulation: FCA, ASIC, CySEC
Why It’s Great for Low Swaps:

• Publicly listed swap rates with daily updates.
• Advanced market research on central bank interest rates.
• Access to forex, indices, and commodities with competitive rollovers.

Markets.com is great for traders who want clear swap rate transparency.

6. IC Markets – Best for Algorithmic Traders with Low Rollover Costs

Regulation: ASIC, CySEC, FSA (Seychelles)
Why It’s Great for Low Swaps:

• Low swap rates on forex pairs and metals.
• Ultra-fast execution with minimal overnight holding costs.
• Ideal for EA and algorithmic traders who hold positions overnight.

IC Markets is perfect for traders using automated strategies that consider swap costs.

7. Pepperstone – Best for Scalping & Low Overnight Fees on FX Pairs

Regulation: ASIC, FCA, DFSA
Why It’s Great for Low Swaps:

• Lower-than-average swap rates on forex majors.
• No additional markup on overnight financing costs.
• High-frequency traders can offset swap costs with tight spreads.

Pepperstone is recommended for traders who hold short-term swing positions.

8. Admiral Markets – Best for Custom Trading Accounts with Low Swaps

Regulation: FCA, ASIC, CySEC
Why It’s Great for Low Swaps:

• Custom account types with lower swap charges.
• MT5 Supreme Edition for analyzing swap impact on trades.
• Strong educational content on interest rate impact in forex.

Admiral Markets is ideal for traders who want control over trading costs.

9. CMC Markets – Best for Institutional-Grade Rollover Cost Efficiency

Regulation: FCA, ASIC, MAS
Why It’s Great for Low Swaps:

• Institutional pricing with ultra-low overnight fees.
• Deep liquidity access reducing rollover costs on large positions.
• Advanced interest rate tracking tools for carry trade strategies.

CMC Markets is perfect for large-scale traders looking for optimal swap rates.

4. Final Thoughts

When choosing a forex broker for low rollover rates, consider:

• Transparent swap rate policies with daily updates.
• Competitive overnight financing costs on forex and CFDs.
• Availability of swap-free (Islamic) accounts.
• Low spreads and commissions to offset swap fees.
• Regulated brokers that do not add hidden fees on swaps.

Best Brokers for Low Rollover Rates:

• For Transparent Swap Rates: Intertrader, Markets.com
• For ECN Trading & Low Overnight Fees: Vantage, IC Markets
• For Swap-Free (Islamic) Accounts: AvaTrade, TiBiGlobe
• For Institutional Pricing & Lowest Swaps: CMC Markets

Lower rollover rates help traders reduce costs when holding positions overnight, making it crucial to choose a broker that offers fair and competitive swap fees.

To master swing trading strategies and minimize rollover costs, join our trading education and mentoring programs at Traders MBA, where we teach how to optimize forex trading costs and maximize profitability.