Extended swap-free account (EXT)
Swap-free accounts are available at two levels 1st to non-Islamic countries: extended and 2nd to Islamic- swap free. The difference is the number of trading instruments with zero swap and trading days. Extended swap-free is offered by request, with trading activity determining whether an account becomes standard or remains extended. To maintain extended swap-free status, you need to trade mostly within the day and hold a low number of overnight positions.
Specific instruments are considered swap-free under extended levels (see below); for all other trading instruments swap is applied. The extended swap free instruments are for the time agreed with the Client and the Broker
Extended swap-free will have no swap applied for orders open overnight for these instrument groups:
- EURUSD
- GBPUSD
- NZDUSD
- XAGUSD
- XAUUSD
- USOUSD
- UKOUSD
- DJIUSD(DJI30)
- SPXUSD(SP500)
- NDXUSD
- DAXEUR (D40EUR)
- BTCUSDT
- ETHUSDT
The swap-free level is determined by trading activity. When a trader with standard swap-free qualifies for extended swap-free. The same is true when a trader’s activity would see them move from extended swap-free to standard account with swap fees.
Key information
Here are a few key points to keep in mind when using our extended swap-free program:
Trading behavior is analyzed using an algorithm to ensure swap-free is not abused.
To maintain extended swap-free, it is recommended to trade mostly during the day and minimize overnight orders.
Swap-free status abuse
The company reserves to the right to the following actions in the event of swap-free status abuse:
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.
All past positions will be charged with a swap fee based on the swap fee rates from the day of swap free termination.
We reserve the right to remove the swap free account at any time.
Muslim swap-free
Swap-free accounts are available at two levels 1st to non-Islamic countries: extended and 2nd to Islamic- swap free. The difference is the number of trading instruments with zero swap and trading days. Islamic swap-free is offered by request, with trading activity determining whether an account becomes standard or remains Islamic. To maintain Islamic swap-free status, you need to trade mostly within the day and hold a low number of overnight positions.
Islamic swap free
All instruments are considered swap-free under Islamic swap free levels with no days limit.
Swap-free status abuse
The company reserves to the right to the following actions in the event of swap-free status abuse:
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.
All past positions will be charged with swap fee based on the swap fee rates from the day of swap free account termination.
We reserve the right to remove swap free account at any time.
