Skip to main content
Tradin®

Swap Free account

In short

A Swap Free account doesn't charge an overnight fee (swap) for the first 7 calendar days a position is held. During that window, your profit or loss depends only on price movement, spread, and commission. After 7 calendar days, swaps apply as normal.

Why people use it

BenefitWhy it matters
No overnight feesYou avoid paying or receiving fees for trades held overnight
Clearer costsYour Profit or loss depends only on price movement and the spread and commission.
Suits Swing tradersYou can hold for 7 days without overnight fees (Swaps)

Who it is for

Its main purpose is trading that follows Islamic finance principles, for people whose beliefs, such as those following Sharia law, prevent them from taking part in interest based transactions. It also suits anyone holding positions for long periods.

What changes on this account

SettingSwap FreeStandard and Raw
Overnight feeNone, in either directionCharged or credited daily
Leverage up to1:2001:2000
Stop out level20%30%

Was this article helpful?

0 out of 0 found this helpful

Still need help?

Support runs at any hour, every day, in multiple languages.