Lowest Swap Forex Brokers For GBP/USD

In forex trading, there are many types of fees that traders have to pay for brokers. Besides spread, traders should also pay for the swap. It is a commission, or an overnight interest charged by the broker to extend the position for the next trading day. A swap reflects the difference in interest rates between the two trading currencies. Moreover, a swap can be positive or negative depending on the difference of the interest rates between the two currencies and your order (buy/sell).

If you are a long-term trader or aim to be one, swap fees are important. Thus, you may need to choose forex brokers with the lowest swap because it can reduce transaction costs for you. If you trade on GBP/USD, you can take a look at this list of forex brokers with the lowest swap on GBP/USD. The swap for GBP/USD is based on the differences between the United Kingdom's and United States' benchmark rates.