On Wednesday nights, overnight financing charges are tripled. This adjustment accounts for the weekend when no swap rates are applied because the market is closed.
However, not all triple swaps are on Wednesday:
– Only Forex is on Wednesday
– Stocks, Indices and Commodities are on Friday
– For Crypto, there is NO triple SWAP; SWAP is charged on Monday-Sunday
Please note:
– MT5 does not have triple swaps for crypto; charges apply daily, including weekends.
– In MT4, swaps can’t be charged over the weekend, so the fee triples on Fridays.