Our Swap-Free Account is designed to offer a seamless and adaptable trading option for traders who require compliance with religious practices. Opening a Swap-Free Account is straightforward, allowing you to begin your trading journey with maximum convenience and flexibility.
Swap-free accounts require regular trading activity. Positions cannot be held for long periods without placing new trades. Accounts that only hold open positions If open positions are held without sufficient trading activity, a holding fee will be applied per position, per day.
The holding fee is equal to the standard swap rate that would normally apply to the instrument without ongoing trading activity do not meet swap-free conditions.
Swing trading is allowed on swap-free accounts only if trading continues regularly. Positions cannot be left open without activity for long periods. If activity requirements are not met, or abusive behavior is detected, holding fees may apply, or swap-free status may be removed.
To remain eligible for swap-free status, trading volume must be reasonable compared to open exposure. As a general guideline, executed trading volume during the holding period should be equal to or greater than the size of the largest open position (for example, holding 5 lots requires at least 5 lots of trading volume).
A swap-free trading account is a type of account that does not charge or credit overnight interest (swaps) on open positions. This is especially designed for traders who have religious beliefs that restrict them from receiving or paying interest. It can also be beneficial for traders who simply prefer to avoid these charges.
No, swap-free trading is available only for certain instruments such as XAUUSD, XAGUSD, EURUSD, AUDUSD, EURGBP, EURJPY, GBPJPY, GBPUSD, NZDUSD, USDCAD, and USDJPY.
Yes, anyone can open a Swap-Free Trading Account. Open your online trading account with zForex and select our Swap-Free Account to avoid overnight charges.
There are no extra fees or hidden charges for the Swap-Free Account at zForex. Only standard commissions apply: $10 for forex and $15 for metals.
Then Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
