Swap Free option, Swap Free fee and Daily Allowance

A swap-free account is a type of trading account that does not incur overnight interest charges, making it suitable for clients in Muslim countries or those who follow Islamic finance principles. In a standard swap account, a fee (known as a swap) is charged for each night a position is held open. In contrast, swap-free accounts allow you to hold positions overnight without paying this fee.

However, this benefit is limited to a specific number of nights, known as the Swap-Free Daily Allowance. Once this allowance is exceeded, a Swap-Free Daily Fee may apply for each additional night the position remains open.