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.
This is how you can switch on "Swap-free" for your account:
- Open the account settings by clicking on the account number you need in the table in the Dashboard in your Personal Area.
- Just find "Swap-free" section and click the "Switch on" button. Your swap-free status will be confirmed by a Green notification.
For long-term strategies (the deal which is open 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 deal. This fee is not an interest and depends on whether the deal is open to buy or sell.
By opening Swap-free account with FBS, the Client agrees that the Company may debit the fee from his or her trading account at any time.