What is "Swap-Free Privilege"?
1. Definition
Swap-Free Privilege refers to a specific account type or client group that is entitled to no overnight swap fees (Swap) when holding positions overnight.
📌 Essentially, it is a trading exemption granted by the platform
📌 Applicable to eligible accounts, regional clients, or as a platform benefit
📌 Particularly suitable for long-term traders and clients with religious requirements (e.g., Islamic accounts)
2. Applicable Scenarios & Advantages
Scenario | Advantage |
Clients often hold positions overnight | No need to worry about daily Swap charges |
Gold, Oil, Forex and other volatile assets | More suitable for medium- to long-term trading |
Clients from specific regions (e.g., Middle East) | Complies with religious norms, offering interest-free accounts |
Promotional or account benefits | Used as a privilege to attract long-term clients |
3. FAQ
Question | Answer |
Do all accounts qualify for swap-free? | No. Only approved clients or specific account types (e.g., Swap-Free accounts). |
Are all instruments swap-free? | Not necessarily. Some high-volatility products or crypto may still incur equivalent "management fees". |
Is there a holding time limit? | Some platforms impose limits, e.g. "valid for 7 days", check platform details. |
Is it truly zero cost? | Some accounts may hedge cost differently, such as widening spreads. |