What is a Swap Free account?
Vantage Swap Free trading accounts is designed for traders who wish to avoid swap or interest charges on overnight positions. Instead of the standard swap fees, an administration fee is applied to positions held overnight. This fee is deducted from the account holder's balance.
Advantages:
- No swap fees (administration fee applies instead)
- Exclusively available on the MT4 platform
Suitable for:
- Traders who are unable to receive or pay swaps due to religious beliefs
Requirements:
- Minimum deposit: 50 units of account currency/ 400 HKD
- An administration fee replaces the traditional swap fee. The fee may vary depending on your position and market conditions.
Please be aware: Trading on a Swap Free account may involve other risks, and the administration fee can affect your overall trading costs. You should carefully review the fees and charges before deciding to trade on a Swap Free account.