AUD Swap Rate

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GoneLong
15
GoneLong  
Is it possible for someone at MQL to review and adjust the Swap Rate for AUD? It appears to be 6-7 times higher than it should be! This has been confirmed by online calculators. Australia's interest rate is now the lowest in 30 years at just 1%! NZD should also be reviewed. Thanks
MMOmaster35
226
MMOmaster35  
GoneLong:
Is it possible for someone at MQL to review and adjust the Swap Rate for AUD? It appears to be 6-7 times higher than it should be! This has been confirmed by online calculators. Australia's interest rate is now the lowest in 30 years at just 1%! NZD should also be reviewed. Thanks

The Swap is decided by your broker not MQL.

GoneLong
15
GoneLong  
MMOmaster35:

The Swap is decided by your broker not MQL.

Not on the Demo Account it's not!
Sergey Golubev
Moderator
111252
Sergey Golubev  
GoneLong:
Not on the Demo Account it's not!

Many brokers (almost all the brokers) are proposing demo accounts.

Open account - post #971

Forum on trading, automated trading systems and testing trading strategies

Candles Have Disappeared On Chart MT5

Alain Verleyen, 2017.12.02 15:41

You are right. Though Metaquotes itself is confusing people with their "demo" account which is only available to get free beta testers. 

To everyone : Metaquotes is NOT a broker, don't use it unless you know what you are doing. Use a demo account with a real broker, there are plenty.

GoneLong
15
GoneLong  
Sergey Golubev:

Many brokers (almost all the brokers) are proposing demo accounts.

Open account - post #971

Thanks for your reply Sergey... most interesting. So other than Swap Rates, could this fact also be affecting the results of my practice trading?
Sergey Golubev
Moderator
111252
Sergey Golubev  
GoneLong:
Thanks for your reply Sergey... most interesting. So other than Swap Rates, could this fact also be affecting the results of my practice trading?

The people are using MetaQuotes-Demo to upgrade Metatrader to new build (it is automatically upgraded if Metatrader is connected to MetaQuotes-Demo server), or to test beta versions (beta builds) of MT5 to report about bugs in beta builds.

For any other cases - the traders are using demo account of the broker they are planning to use for real account.
For example, if I plan to trade Crude Oil so I will open demo account with one broker, and if everything is fine so I will open the real account with this broker.

Example of my MT5 - 

and one of my MT4 - 

GoneLong
15
GoneLong  
Sergey Golubev:

The people are using MetaQuotes-Demo to upgrade Metatrader to new build (it is automatically upgraded if Metatrader is connected to MetaQuotes-Demo server), or to test beta versions (beta builds) of MT5 to report about bugs in beta builds.

For any other cases - the traders are using demo account of the broker they are planning to use for real account.
For example, if I plan to trade Crude Oil so I will open demo account with one broker, and if everything is fine so I will open the real account with this broker.

Example of my MT5 - 

and one of my MT4 - 

Got it! Thanks Sergey and also MMOmaster35 for your replies. Perhaps MQL should advertise a Beta Version rather than a Demo Account? I am grateful for the clarification (excuse my ignorance) from you both. :-)
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