A swap fee (or overnight fee) is normally applied when you keep a trade open past the end of the trading day. This fee is a small interest payment charged or credited for holding your position overnight.
Tradin offers a special account type called the Swap-Free Account. When you use this account, you will not pay or receive the daily swap fee. This feature is ideal for traders whose personal beliefs, such as those following Sharia Law, prevent them from engaging in interest-based financial transactions. This type of account is also known as an "Islamic Account."
Why Use a Swap-Free Account?
The primary purpose of this account is to offer trading that is compliant with Islamic finance principles.
| Swap-Free Account Benefit | Why It Matters for You |
| No Overnight Interest | You avoid paying or receiving interest fees (swaps) for trades held overnight. |
| Cost Control | You have clear cost management, as your trade result depends only on price movement and spread/commission, not daily interest rates. |
| Long-Term Strategy | It supports strategies where you hold positions for days or weeks without worrying about swaps accumulating against your trade. |
