About the Swap-Free Account

For traders who want to avoid swaps, we recommend registering a Swap-free account.

This type of account is ideal for anyone who would like to eliminate swaps from their trading strategy. The swap-free account is also perfect for traders from religious backgrounds (especially Muslim), as the conditions agree with religious practices by not charging interest rates - that is the reason these accounts are often called ‘Islamic.’

Swaps are fees that can be both positive or negative and are charged by banks on deals that stay open overnight. The type of order (buy/sell) and the asset are the determining factors for the type of swap charged. You can check the specific amounts of the swap by browsing the list of trading instruments. The lack of swaps with our Islamic accounts is compensated with a fixed commission, which is perfect for traders who tend to make long-term deals.