Yes, we offer swap free accounts. Swap free accounts are exempted from swaps on currency majors, minors, and precious metals for a set period of time, however, swap charges will apply on Exotic currency pairs and rolling CFDs, while in regards to future CFD's a fixed commission of 10$ per lot is applied since these contracts have an expiry date.
To apply for a swap free account, you need to apply for a live account and agree to the Swap-free terms and conditions
If you wish to convert your existing account to a swap free account, please contact our Client Support team on any of our communication channels:
Swap free accounts will incur administrative fees after a set period of grace days.
What is an Administrative Fee?
An Administrative Fee is required to offset the costs associated with our updated offering on Swap Free accounts. A fee will be applied to all open positions (both long and short) and will be deducted at the end of each trading day, subject to a grace period of up to 10 days. The Administration Fee and grace period vary per symbol. 3x Administration Fee will be charged on a Wednesday. A Wednesday will also count as 3 days with regard to grace period
Example:
Leila opens a buy 1 lot of XAUUSD on Thursday. The Grace Period is 7 days and the Admin Fee is $20 per lot.
At EOD on Thursday there is no charge. Grace nights remaining = 6.
At EOD on Friday there is no charge. Grace nights remaining = 5.
At EOD on Monday there is no charge. Grace nights remaining = 4.
At EOD on Tuesday there is no charge. Grace nights remaining = 3.
At EOD on Wednesday there is no charge. Grace nights remaining = 0 (Wednesday counts as 3 days).
At EOD on Thursday a $20 Admin Fee charged.
If you wish to convert your existing account to a swap free account, please contact our Client Support team at support.af@equiti.com