Trade without overnight fees on all instruments for the up to 30 days across any account type. 

A swap is an overnight fee that may be charged or credited when you hold a position open past the end of the trading day (typically 21:00 GMT). It reflects the interest rate differential between two currencies in a forex pair, or other costs associated with the underlying instrument.

A swap-free account allows you to hold trading positions overnight without incurring swap fees or charges. Originally designed for traders who follow Islamic finance principles, swap-free accounts are also available to those who simply prefer to avoid overnight interest adjustments.

The default swap-free period is 10 days. However, there are region-specific swap-free periods in Malaysia and Thailand, where traders can benefit from swap-free conditions for up to 30 days.

To open a swap-free account, please register for a Taurex trading account and contact the Taurex support team at support@tradetaurex.com to request the swap-free option.

If a position remains open beyond the swap-free period, a fixed swap fee will be applied daily until the position is closed. This fee is outlined in our account rates spreadsheet and is not applied retroactively. On MT4 platforms, the fee will appear as a Swap Charge, while on MT5 platforms, it will appear as a Balance Operation. For certain excluded symbols, the fixed fee applies from the very first day the position is opened. Once triggered, the fixed fee is applicable to long, short, and hedged positions.

Yes, Taurex applies Admin Fees, which are updated regularly and may vary depending on your country of residence.

You can find our latest swap rates on our trading platform. Swap rates posted on our platform are indicative rates and are subject to change based on market volatility. To view the rates on the MetaTrader platforms:

1. Select “View”
2. Right-click on “Market Watch” and select “Symbols”
3. Choose the currency pair you wish to check and select “Properties” (on MT5, please select “Specification”)