A Swap-Free Account is a trading account that account owner does not need to pay or receive interest. Overnight funding will not occur any charges to positions held overnight.

Swap is an interest adjustment incurred for holding a derivative such a FOREX trading overnight. Swap Free Account also recognize as Islamic accounts for Muslims clients who cannot earn or pay interest due to their religious beliefs.

For normal situation, most providers will also add a small admin fee to the interest charge for trading overnight. Swap Free Accounts are exempt from overnight interest rate, adjustments or rollover charge