What is Swap Fee?

A Swap Fee is charged when you have open trade positions overnight. The swap fees are calculated according to the following three factors:

1. Your Position Size
2. The interest rate for the product that you are trading in (different rates for each product)
3. Whether your position is long or short
   It is important to note that swap fees are charged for all our products except for the futures market.

Attention: The swap fee will be charged if positions remain open in accordance with our server time GMT+2 / GMT+3 24:00 hrs respectively, as our market closing time follows the US market session (end of one trading day cycle).

Important:
There is a 3-day swap fee for different products on different days: (These products will not incur charges over the weekends)
Wednesday: Forex, Gold and Silver
Friday: Oil, Indices, Commodities, Shares and ETF-C

PU Prime offers four types of accounts: Standard account, Prime account, Cent account (which incur swap fees), and Islamic account, also known as a Swap-Free Account, which is charged an administration fee.

For more information, you may refer to: What account types does PU Prime offer?