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What is a No Swap account?

April 26, 2017account swap

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What is a No Swap account?

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The No Swap account is an account where daily swaps are not calculated for the open positions. Our no swap accounts also do not have any fees or interests attached to them. Customers may use no swap accounts for certain trading strategies, however we will not tolerate any abuse of the system. For example, if the customer opens the positions on the no swap account for a few minutes before midnight and then closes immediately after midnight GMT, that would constitute an abuse and the “no swap” feature will be removed from the customer’s account.