Swap-free status applies account-wide to the entire Personal Area; all account types may have the swap-free status. Certain instruments are swap-free under this status. If you are registered to trade in an Islamic country, a different swap-free status for Islamic countries is applied.
Check if an instrument is swap-free on the contract specifications page.
Swap-free
Swap-free will have no swap applied for orders open overnight for these instrument groups:
- Majors: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, USDTHB
- Minors: AUDNZD, EURCHF, GBPJPY, AUDCHF, AUDJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPNZD, NZDJPY, NZDCAD
- Commodities: XAUUSD, USOIL
- All cryptocurrencies: (includes BTCXAU, BTCXAG, BTCTHB, BTCAUD, BTCZAR, BTCCNH, BTCJPY)
- All indices
Swaps are charged for all other metals, energies, minor pairs, exotic pairs and stocks.
Qualification for swap-free
Swap-free qualification is determined by trading activity. By default, all accounts are swap-free. If you do not trade mostly during trading hours and regularly hold large amounts of orders open overnight, you may be unqualified for swap-free.
Swap-free status cannot be converted between non-Islamic and Islamic swap-free statuses (and vice versa).
Pay attention to notifications in your Personal Area (PA) for any imminent changes to your swap-free status.
To confirm your swap-free status, log into your PA, click the Profile icon and select Trading Conditions.
Key information
Here are a few key points to keep in mind when using our swap-free program:
- Trading behavior is analyzed using an algorithm to ensure compliance on swap-free accounts as per the terms of the Client Agreement.
- To maintain swap-free status, it is recommended to trade mostly during the day and minimize overnight orders.
- A notification is sent to your PA when the swap-free status may be changed from qualified to unqualified.
Swap-free compliance
The company reserves the right to the following actions to ensure compliance with the swap-free program:
- Cancel the swap-free status on all trading accounts.
- Once swap-free status is discontinued, swap charges will be applicable for open orders and orders opened in the future.
A notification will be shown to the PA should swap-free status be canceled.