Changing account status to Swap-free is available in the Personal Area account settings only for the citizens of the countries where one of the official (and dominating) religions is Islam.
How you can switch on Swap-free for your account:
- Open the account settings by clicking on the needed account in the Dashboard.
- Find "Swap-free" in the "Account settings" section and click on the button to activate the option.
Please, kindly be reminded that according to the Customer Agreement:
6.4.3. Swap Free option is not available for trading on "Forex Exotic" and CFD instruments.
For the long-term strategies (the deal which is open for more than 2 days), FBS may charge a fixed fee for the total number of days during which the order was opened, the fee is fixed and determined as the value of 1 point of the transaction in US dollars, multiplied by the size of the currency pair swap point of the order. This fee is not an interest and depends on whether the order is open to buy or sell.
By opening a Swap-free account with FBS, the client agrees that the company may debit the fee from his/her trading account at any time.