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IC offers Swap free accounts for clients who cannot earn or pay interest due to their religious beliefs. The swap free option** is available on both our Raw Spread and Standard account types on the MetaTrader4, MetaTrader 5 and cTrader platforms.
We are committed to providing our clients with the best trading conditions. Our Swap Free accounts offer state of the art trading infrastructure and execution speeds enabling our traders to gain a competitive edge.
forex Trading
Swap Free Account
- Trade over 90 instruments
- 1:5000 Leverage
- Spreads as low as 0.0 pips*
- No Swap/interest adjustments
- MetaTrader 4 & 5
Overnight Financing Charges
Swap free accounts do not pay or earn swap or interest on trading instruments, however, a holding fee will be applicable for holding open positions overnight. Any trades open overnight will be charged a flat rate holding fee. Rates & holding period are subject to change to reflect market conditions when necessary. IC Raw Spread and Standard Account commissions and spreads apply.
Click here to access the terms & conditions governing the use of 'Swap Free Accounts' at IC.
Note: Before applying for a swap-free account, please make sure you have read, understood and agreed to comply with the relevant terms and conditions.
New positions may benefit from a grace period of up to five grace days, during which no holding fees will be incurred.
Grace days are consumed when a position remains open through the applicable overnight rollover. An ordinary overnight rollover counts as one grace day. On the applicable triple-swap night, the overnight rollover counts as three grace days rather than one.
For Forex, Metals, Bonds and Commodities, Wednesday is the triple-swap night. A position held through the applicable Wednesday-night rollover therefore consumes three grace days.
For Energies and Indices, Friday is the triple-swap night. A position held through the applicable Friday-night rollover therefore consumes three grace days.
For XNGUSD, XTIUSD and XBRUSD, holding fees apply from Day 1 without a grace period.
For USDJPY and GBPJPY, holding fees apply from Day 3 following a two-day grace period.
Once the applicable grace period has expired, holding fees are charged in accordance with the holding-fee schedule shown on this page. Holding fees may be charged for calendar days, including weekends, with weekend holding fees applied on the next business day.
IC reserves the right to request additional documentation in order to offer swap-free privilege to an account.
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