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Swap-Free Account

Overview

  • A Swap-Free Account allows eligible clients to trade without standard overnight swap charges on qualifying positions.

  • Swap-Free status is granted at FNmarkets' sole discretion and is subject to ongoing compliance with the Fair Use Policy.

  • Swap-Free status is available for eligible Standard and Raw live trading accounts.

Eligibility Criteria

  • Available only to eligible clients residing in approved countries.

  • Clients can select the Swap-Free option when opening an eligible Standard or Raw live trading account. Swap-Free status is subject to FNmarkets' eligibility criteria, approval, and ongoing compliance with the Fair Use Policy.

  • Swap-Free status is not permanent or guaranteed and may be restricted or removed at FNmarkets' discretion.

Eligible Countries

Swap-Free Accounts are currently available to eligible clients from:

  • Algeria

  • Azerbaijan

  • Bahrain

  • Bosnia and Herzegovina

  • Brunei Darussalam

  • Chad

  • Côte d'Ivoire

  • Egypt

  • Jordan

  • Kazakhstan

  • Kuwait

  • Kyrgyzstan

  • Lebanon

  • Maldives

  • Morocco

  • Oman

  • Pakistan

  • Philippines

  • Qatar

  • Saudi Arabia

  • Senegal

  • Tajikistan

  • Turkey

  • Turkmenistan

  • United Arab Emirates (UAE)

  • Uzbekistan

Trading Conditions

  • Swap-Free status may apply to all or selected trading instruments, as determined by FNmarkets.

  • Eligible instruments, account types, and trading conditions may change at any time.

  • If Swap-Free status is removed, the account will revert to standard swap conditions, and applicable swap, administration, or holding fees may apply.

Fair Use Policy

Swap-Free Accounts are intended for genuine trading activity and must not be used to:

  • Avoid overnight financing costs.

  • Exploit swap differences.

  • Conduct carry trades or swap arbitrage.

  • Use multiple or linked accounts to bypass Swap-Free restrictions.

  • Engage in any abusive or manipulative trading practices.

FNmarkets monitors trading activity to ensure compliance with the Fair Use Policy.

Monitoring & Review

  • Trading activity may be monitored using automated systems and manual reviews.

  • Monitoring may include overnight holdings, rollover behaviour, trading patterns, and linked account activity.

  • A single overnight position does not automatically constitute misuse; however, repeated patterns may result in a review.

  • FNmarkets is not required to disclose its internal monitoring methodology.

Warning Notice & Grace Period

  • If potential misuse is identified, FNmarkets may issue a Warning Notice.

  • A Grace Period of up to 7 days may be provided to allow the client to correct their trading behaviour.

  • In cases of serious or repeated abuse, FNmarkets may take immediate action without issuing a Warning Notice or Grace Period.

Actions for Misuse

If misuse is identified, FNmarkets may:

  • Issue a Warning Notice.

  • Restrict or remove Swap-Free status.

  • Revert the account to standard swap conditions.

  • Apply applicable swap, administration, or holding fees.

  • Restrict trading conditions or place the account in close-only mode.

  • Close open positions where necessary.

  • Permanently remove Swap-Free eligibility.

  • Terminate the client relationship in accordance with the Client Agreement.

  • Recover previously uncharged swap, financing, administration, or holding fees where misuse is identified.

Recovery of Swap-Free Status

  • FNmarkets may review a client's eligibility after a period of compliant trading behaviour.

  • Restoring Swap-Free status is entirely at FNmarkets' discretion and is not guaranteed.

Important Notes

  • Swap-Free status is not a permanent account feature and may be changed or withdrawn at any time.

  • FNmarkets may update the eligibility criteria, approved countries, trading conditions, or Fair Use Policy without prior notice.

  • All decisions relating to the approval, restriction, removal, or restoration of Swap-Free status are made at FNmarkets' sole discretion and are final, subject to applicable laws and regulations.

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