What is a swap-free account?
A Swap-free account in Weltrade is a special type of trading account where overnight interest (swap) is not charged or credited when positions are held overnight.
This account is designed to comply with Islamic finance principles, which prohibit earning or paying interest on financial transactions. It’s also useful for traders who want to avoid additional costs for holding positions long-term.
Key features
No overnight interest (swap) fees on open positions
Ideal for clients who trade in accordance with Islamic principles
May include a fixed administration fee depending on the instrument
How to enable a swap-free account
1. Register and verify your Profile. Log in to Weltrade and complete your Personal Profile registration and verification.
2. Open new trading account. Go to your Dashboard and open a new account. Choose your preferred account type (e.g. Pro).
3. Contact Weltrade Customer Support to enable a swap-free account for you.
Online chat available 24/7 on Weltrade official website.
Email [email protected]
4. Start trading without swap charges. Once approved, your account will not generate or deduct swaps for overnight positions. You can trade normally, just without interest-based adjustments.
Important notes
Not all trading instruments are eligible for swap-free status - some may still carry fixed charges
Swap-free option is granted at Weltrade’s discretion and may be revoked in case of abuse
Swap-free accounts are designed for long-term holding or compliance, not for avoiding swap strategies
Make sure to read any updates in the swap-free policy in your Personal Profile or on the website
Frequently asked questions (FAQs)
Is a swap-free account available for all traders?
Is a swap-free account available for all traders?
Availability depends on your region, account type, and eligibility conditions. If available, the option is shown during account creation. You can check if your swap-free option is available for your account type on our website.
How to check whether symbol is subject to swap fees on Swap-free account?
How to check whether symbol is subject to swap fees on Swap-free account?
To check if swap fees still apply to a symbol, go to Market Watch (Quotes on mobile app). Right-click on the symbol (or tap it on mobile), then select Specification (or Properties). If Swap Long (buy) and Swap Short (sell) fields are available, you will see the fees that apply to that symbol.