Swap-Free Account
Fondex > Trading > Account Types > Swap-Free Account
What is a swap rate?

Swap rate is an interest paid or earned for holding a position overnight. The majority of trading instruments incur swap fees and these are charged at the end of each day, for each position held overnight.

What is a swap-free account?

Swap-free or Islamic accounts are accounts with no swap or rollover interests on overnight positions, as such fees are against the Islamic faith. These accounts are available only to Fondex clients who follow the Islamic faith.

Open Account

Trading CFDs involves significant risk of loss

Account details

  • No swap charges on overnight positions
  • No spread widening
  • Ultra-fast execution
  • How to apply for swap-free account

    1.

    Open an account with Fondex

    2.

    Verify your account

    3.

    Download the swap-free application form

    4.

    Complete the requested information

    5.

    send the completed form & a proof of faith at support@fondex.com

    OPEN ACCOUNT

    Trading CFDs involves significant risk of loss