A forex swap rate or rollover is defined as the overnight interest added or deducted for holding a position open overnight, this can be earned or paid.u00a0Swapu00a0rates are determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy u2018longu2019 or sell u2018shortu2019.
In becoming a client withu00a0JM Financial, itu2019s the beginning of a solid partnership that we take seriously. JM Financial accounts are empowered with the necessary tools to consolidate your trading expertise. But the first step is to choose which one of the three trading accounts types that will suitu00a0your investments. JM Financial Accounts provide traders with multiple tools and have the best overview to the markets before taking action.
The Interest Free Account will be charged a daily management fee applicable for positions held open with JM Financial beyond the close of business day ("Management Fee"). Note, this will apply only to a contract or product which is not a future.