Swap is never applied on instruments traded on Versus Trade swap-free accounts. Swap-free accounts are automatically provided to Versus Trade users residing in Islamic countries, while a conditional swap-free program exists for non-Islamic country residents.
Standard swap and Swap-free levels
Standard swap and Swap-free levels
Swap-free for Islamic countries
Standard swap and Swap-free levels
Accounts are available at two levels to non-Islamic countries: standard swap or swap-free. The difference is the possibility to trade on instruments with zero swaps. Swap-free level is offered by default, with trading activity determining whether an account becomes standard or remains swap-free. To maintain swap-free status, you need to trade mostly within the day and hold a low amount of overnight positions.
Swap-free applies to the entire Personal Area; in other words, all trading accounts and account types will have the swap-free program if your Versus Trade account is swap-free.
Specific instruments are considered swap-free under Swap-fre level (see below); for all other trading instruments, swaps are applied.
All cryptocurrencies: (includes BTCXAU, BTCXAG, BTCTHB, BTCAUD, BTCZAR, BTCCNH, BTCJPY)
All indices
Swaps are charged for all other metals, energies, minor pairs, exotic pairs and stocks.
Standard swap level
Standard swap level will have swaps applied for orders open overnight for all instruments.
Changing between swap-free levels
The swap-free level is determined by trading activity. By default, you start with swap-free level. If you do not trade mostly during trading hours and hold a large number of positions open overnight, you may be moved to standard swap level.
Key information
Pay attention to notifications in your Personal Area (PA) for any imminent changes to your swap-free level.
Here are a few key points to keep in mind when using our swap-free program:
Trading behavior is analyzed using an algorithm to ensure compliance on swap-free accounts per the Client Agreement’s terms.
To maintain swap-free level, it is recommended to trade mainly during the day and minimize overnight orders.
A notification is sent to your PA when the swap-free level may be changed from swap-free to standard swap.
Swap-free compliance
The company reserves the right to the following actions to ensure compliance with swap-free accounts:
Cancel the swap-free program on all trading accounts.
Once swap-free program is discontinued, swap charges will be applicable for open orders and orders opened in the future.
A notification will be shown to the PA should the swap-free program be canceled.
Swap-free for Islamic countries
Versus Trade accounts registered from Islamic countries are assigned swap-free automatically. This swap-free status ensures that swap is never applied to orders open overnight on all trading instruments. Swap-free applies to the entire Personal Area; in other words, all trading accounts and account types will have swap-free status.
List of swap-free countries
Afghanistan (AF)
Algeria (DZ)
Azerbaijan (AZ)
Bahrain (BH)
Bangladesh (BD)
Brunei (BN)
Chad (TD)
Comoros (KM)
Cote d’Ivoire (CI)
Djibouti (DJ)
Egypt (EG)
Indonesia (ID)
Iraq (IQ)
Jordan (JO)
Kazakhstan (KZ)
Kuwait (KW)
Kyrgyzstan (KG)
Lebanon (LB)
Libya (LY)
Malaysia (MY)
Maldives (MV)
Mauritania (MR)
Morocco (MA)
Niger (NE)
Oman (OM)
Pakistan (PK)
Qatar (QA)
Saudi Arabia (SA)
Senegal (SN)
Syria (SY)
Tajikistan (TJ)
Tunisia (TN)
Türkiye (TR)
Turkmenistan (TM)
United Arab Emirates (AE)
Uzbekistan (UZ)
Yemen (YE)
Swap-free status abuse
The company reserves the right to the following actions in the event of swap-free status abuse:
Revoke the swap-free status on all trading accounts.
Notify a client of any changes to ensure the updated trading conditions align with their beliefs.
Display a notification in the Personal Area if the swap-free status is canceled.
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