Rollover is the process of extending an open position past the daily market close into the next trading session. At rollover, a swap charge or credit is applied to the account — the financing cost or benefit of holding the position overnight — calculated from the interest rate differential between the two currencies in the pair.

Rollover occurs automatically on positions that remain open at the broker’s designated cut-off time, typically 17:00 New York time. No action is required from the trader; the swap is simply debited or credited to the account balance.

Rollover and the three-day Wednesday swap

Forex markets operate on a T+2 settlement basis — trades settle two business days after execution. To account for the weekend, positions held through Wednesday’s rollover are charged three days of swap rather than one: Wednesday, Saturday, and Sunday are all settled on Friday. This makes Wednesday rollover the highest swap cost of the week for positions held overnight, and a relevant consideration for traders with open positions going into Wednesday’s close.

Rollover in funded evaluations

For evaluations that permit overnight holding, rollover has two practical effects:

• Swap as a cost or gain: A negative swap deducted at rollover reduces account equity, which counts against an equity-based daily loss limit in the new session. On a heavily leveraged position, swap costs can be meaningful relative to the daily limit, particularly on instruments with wide interest rate differentials.
• Daily limit reset timing: The daily loss reset typically occurs at or near rollover time. A position that is in floating loss at rollover carries that loss into the new day’s limit calculation under equity-based measurement, while under balance-based measurement the new day starts clean until trades close.

For evaluations with an overnight holding restriction, rollover is irrelevant in practice — positions must be closed before the cut-off, so the swap is never applied.

Swap-free accounts

Some programs offer swap-free (Islamic) account options that eliminate the rollover swap charge and replace it with an administrative fee or no charge at all, depending on the program. Where available, swap-free accounts remove the rollover cost variable from the evaluation entirely. Whether this option is available, and on which instruments, is a program-specific detail.

For related mechanics, see swap, overnight holding restriction, daily loss reset, and equity.

FundedProp provides simulated trading evaluations. All accounts are demo accounts; no real capital is traded by participants. This is not investment advice.