Swap-Free Accounts

A Swap-Free Account does not charge swap (rollover) interest on eligible positions held open overnight, for the period stated above. It is structured to meet requirements typically associated with Islamic trading accounts.

No. Spreads and commissions (if applicable) apply for the full duration of a trade. Once the swap-free period ends, a fixed daily fee applies in place of a swap charge, for as long as the position remains open.

This account is for traders who need to avoid interest-based swap charges for religious reasons. It’s available if you’re registered in one of the listed countries. Clients in other countries can contact support to request a case-by-case review. If you meet both the client and geographical eligibility criteria, swap-free status is applied by default.

Most instruments on the Taurex platform are eligible. A limited number of instruments are excluded and instead carry the fixed fee from the first day a position is opened.

No, Swap-Free Accounts are only available on live trading accounts.

Yes, you can hold hedged positions. Once the fixed fee starts, it applies to both sides of your hedge.

Standard, Pro, and Raw account types, on both MT4 and MT5.

Yes. Taurex may add or remove instruments from the swap-free list, or adjust fee amounts, at short notice in response to market and business conditions.