How to change the company’s server in the MT4-MT5 trading platforms
May 19, 2023
To change the company’s server from the old server Tiran Forex to the new server TNFX Ltd in our trading platforms, the following steps must be followed:
SWAP
- 11/26/2021
- 5:04 pm
Overnight commission, which is a financial benefit that forex companies obtain from traders who trade on margin and using leverage and is imposed on open forex trades, which have not been closed for more than 24 hours from the time of opening the deal and at the time specified for closing the forex market, where it is rolled over to the next day Hence, it is known as the overnight commission. How are the overnight interest rates calculated? If there is an open forex trading transaction, but it has not yet been closed, to make this transaction continue, interest is paid to the broker.
This interest is calculated in which the currency swap is calculated based on the differential between the interest rates, which is the difference between the interest rate of the two currencies in the trader’s currency pair.
The reason for not closing deals on the date specified for the official closing, is that it is possible that the open deals can achieve more profits, or compensate for a loss, and therefore closing them may lead to material losses to the trader, or miss profitable opportunities that could have been The forex market can be open after the main trading hours through the web platforms that make it available for trading 24 hours a day.
The rollover process is seen by some as being associated with usurious interest because the interest rate of currencies is included in the calculation process for this commission, while others do not see it as a usurious interest, but rather a commission in exchange for the service to extend the life of the commercial contract.
The calculation is performed as follows:
Swap = One Point / Exchange Rate * Lot Size * Swap Value in Points, Example:
One Point: 0.00001Account Base Currency: EURCurrency Pair: EUR/USDExchange Rate: 1.0895 (EUR/USD) Lot Size: 5.00 (1 standard lot = 100,000 units)Short overnight commission rate: 0.15Overnight commission = (0.00001 / 1.0895) * (500,000 * 0.15)the value of the rollover commission is 0.69 EUR
If the result is negative, your account will be debited, while if it is positive, it will be added to your account.
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