Question: Does FXTM offer Islamic Swap-free accounts? What are the fees and conditions?
There is a swap-free option on all account types, except ECN MT5 and does not apply on exotic currencies.
You can select the swap-free option when you open your trading account or enable it with the steps below:
- Go to the ‘Accounts Overview’ section within MyFXTM.
- Select the green arrow next to ‘Deposit’ on the trading account you wish to change make swap-free.
- Choose the ‘Enable swap-free mode’ option.
Please note that the swap-free option is available for clients in selected counties. If the option isn’t available on your account please contact the support team.
Fees for Swap-Free accounts
This is a fee charged for keeping positions open on each instrument over a certain period of time.
You can find full details for each instrument on FXTM’s Contract Specifications page, under Swap Free Fee and Swap Free days allowance sections.