What is a swap?

A swap is a fee for the operation of a closing order at midnight of one trading day and its reopening at the close price the next day. With swap-free accounts, traders can keep open positions as long as they want, without adding a swap size to or charging it from the account. In this case, the result of trading can be effected only by the change in the exchange rates for a specific period of time.

Swaps can be found in the trading terminal. To know the swap level, right-click on the Market Watch and choose "Symbols" in the context menu. Then select the instrument you are interested in and click "Properties". You will find swaps for long and short positions.

Please note that we provide swap-free accounts for clients from Muslim countries by default.