When are swaps calculated?

Submitted by Bhupesh.Belchandan on
When are swaps calculated?

In forex, securities are delivered on the second day after the deal. Fees on specific orders and instruments mentioned below are charged three times their normal rates due to the inclusion of weekend fees on orders held:

  • From Wednesday to Thursday.
  • On USDCAD, USDRUB, EURRUB, USDTRY, and EURTRY from Thursday to Friday
  • Spot Commodities and Spot Indices from Friday to Monday

Do you offer swap-free (Islamic) accounts?

Submitted by Bhupesh.Belchandan on
Do you offer swap-free (Islamic) accounts?

There is a swap-free option on all our accounts, except MT5 and does not apply on exotic currencies.

You can select the swap-free option when you open your trading account or enable it with the steps below:

  1. Go to the ‘Accounts Overview’ section within MyFXTM.
  2. Select the green arrow next to ‘Deposit’ on the trading account you wish to change make swap-free.
  3. Choose the ‘Enable swap-free mode’ option.

The swap-free option is available for clients in selected countries. If the option isn’t available on your account please contact us.

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