Swap Free Account

Swap-free accounts are modified accounts in which rollover fees are waived to comply with Islamic religious beliefs. 

Swap-free account holders can hold their positions for an unlimited amount of time, without incurring any swap charges.

The Muslim religion states that business transactions involving interest payments of any kind are forbidden. Therefore, clients providing sufficient proof of religion will be granted a Swap-Free Doyos Account*, where no swap or roll-over interest is charged or incurred on positions held overnight.

Swaps are rollover fees that a trader pays to a broker to keep a position open overnight. When trading CFDs, swaps can be thought of as a type of interest charge allowing traders to keep a certain contract open for longer.