Swap-Free Trading
Swap-Free Account
Trade without standard overnight swap charges. Standard swaps are replaced by a transparent administration fee applied to eligible overnight positions from the first overnight rollover.
Swap-free does not mean fee-free. Spreads, commissions, administration fees and other trading costs may apply.
No Standard Overnight Swaps
No standard swap debit or credit on eligible overnight positions.
Administration Fee
A transparent administration fee applies instead of standard swaps.
Direct Deduction
The fee is deducted directly from the account balance.
MetaTrader 5
Trade through Octrado's professional multi-asset platform.
What Is a Swap-Free Account?
A Swap-Free Account allows eligible clients to trade without standard overnight swap charges. Instead of traditional swap debits or credits, a transparent administration fee applies.
Also Known as an Islamic Account
A Swap-Free Account is commonly used by clients whose religious beliefs prohibit paying or receiving interest. On a standard account, a swap may be debited or credited when a position remains open after the daily rollover. On an Octrado Swap-Free Account, the standard swap is not applied.
An Alternative to Standard Swap Charging
The account removes both negative and positive standard swaps. Clients neither pay a standard swap charge nor receive a standard swap credit on eligible positions held overnight. A transparent administration fee applies instead, from the first overnight rollover.
Administration fee applies from the first overnight rollover. Spreads, commissions and other applicable trading costs continue to apply under the existing account conditions.
How Swap-Free Trading Works
Six steps from registration to your first swap-free overnight position.
Open and Verify Your Account
Register for an Octrado live account and complete the required identity and account verification checks.
Request Swap-Free Status
Contact Client Support and request Swap-Free status for your trading account. Existing clients may also request a review.
Receive Confirmation
Octrado confirms when Swap-Free Account status is active. Review the account conditions before holding any position overnight.
Trade on MetaTrader 5
Access the markets through MetaTrader 5 under the spreads, commissions, margin and execution conditions applicable to your account.
Hold an Eligible Position Overnight
When an eligible position remains open through the daily rollover, Octrado does not debit or credit the standard swap.
Administration Fee Is Deducted
A transparent administration fee applies from the first overnight rollover and is deducted directly from the available account balance.
How the Administration Fee Works
Replaces Standard Swaps
The administration fee is used instead of the standard overnight swap debit or credit.
From First Overnight Rollover
The fee applies from the first overnight rollover on eligible positions.
Deducted from the Balance
The applicable charge is taken directly from the client's trading account balance.
Visible in Account Records
Charges should be reviewed in the trading account history and against the current conditions.
Key Benefits & Account Conditions
Why choose an Octrado Swap-Free Account and what conditions apply.
No Standard Overnight Swaps
Trade without paying or receiving standard swap charges on eligible overnight positions.
Transparent Overnight Pricing
Clear distinction between removed standard swaps and the administration fee charged instead.
Predictable Fee Timing
The administration fee applies from the first overnight rollover on eligible positions.
Professional Trading Platform
Use MetaTrader 5 with advanced charts, analytical tools and multi-asset market access.
Existing Octrado Conditions
Spreads, commissions, margin and execution conditions continue to apply to your account setup.
Client Support
Get assistance with activation, eligibility and questions about overnight charges.
Swap-Free Account Conditions
| Account purpose | Provides an alternative to standard overnight swap charging through an administration-fee model. Primarily intended for clients whose religious beliefs prohibit paying or receiving overnight interest. |
| Overnight treatment | No standard swap debit or credit is applied to eligible positions held overnight. |
| Administration fee | Applies from the first overnight rollover on eligible positions and is deducted directly from the account balance. |
| Other trading costs | Spreads, commissions and other applicable trading costs continue to apply. |
| Trading platform | MetaTrader 5. |
| Market access | Available instruments are subject to the current account and product conditions. |
| Account activation | Available after verification, request and confirmation from Octrado. |
| Availability | Subject to eligibility, jurisdictional restrictions and Octrado approval. |
How to Open a Swap-Free Account
Five steps to activate Swap-Free status on your Octrado trading account.
Create Your Octrado Account
Open a live trading account and provide the required registration information.
Complete Verification
Complete the identity, account and suitability checks required for live trading.
Request Swap-Free Status
Contact Client Support and ask for Swap-Free status to be applied to your account.
Review the Account Conditions
Read the applicable fee, instrument and trading conditions before keeping positions open overnight.
Start Trading After Confirmation
Begin using the Swap-Free Account once Octrado confirms that Swap-Free status is active.
Already an Octrado client?
Contact Client Support to request a review of your existing account for Swap-Free status.
Important Information
Swap-free is not fee-free
Spreads, commissions, administration fees and other trading costs may still apply.
No positive swap credit
The account neither pays nor receives the standard swap on eligible overnight positions.
Eligibility and approval
Swap-Free status is subject to verification, availability, jurisdiction and Octrado approval.
Administration fee timing
The administration fee applies from the first overnight rollover on eligible positions.
Intended use
The account must be used in good faith for its stated purpose and in line with the account conditions.
Current account conditions
Review applicable instrument and fee conditions before holding positions overnight.
Frequently Asked Questions
What is a swap in trading?
A swap is the interest charged or paid for holding a position open overnight, reflecting the interest rate differential between the two currencies or instruments traded.
What does Swap-Free mean?
Swap-Free means standard overnight swap charges are replaced by a transparent administration fee, so eligible positions are not debited or credited with the standard swap.
Does a Swap-Free Account have no fees?
No. Swap-free does not mean fee-free — spreads, commissions, administration fees and other trading costs may still apply.
When is the administration fee charged?
The administration fee applies from the first overnight rollover on eligible positions held open.
How is the administration fee charged?
The fee is deducted directly from the available balance of the trading account.
Do I receive a positive swap credit?
No. The account neither pays nor receives the standard swap on eligible overnight positions.
Can I convert my existing Octrado account?
Yes. Existing clients can contact Client Support to request a review of their account for Swap-Free status.
Who can apply for a Swap-Free Account?
Swap-Free status is available to eligible clients, subject to verification, jurisdiction and Octrado approval.
Is the Swap-Free Account available for every instrument?
Availability depends on the current account and product conditions. Contact Client Support to confirm eligible instruments.
When can I start trading?
You can start trading once Octrado confirms that Swap-Free status is active on your account.
Is the account certified as Sharia-compliant?
Contact Client Support for details on certification and compliance requirements for your jurisdiction.
Ready to Trade Swap-Free?
Open a live Octrado account and request Swap-Free status. Trade without standard overnight swap charges, with a transparent administration fee applied from the first overnight rollover on eligible positions.
Swap-free does not mean fee-free. Spreads, commissions, administration fees and other trading costs may apply.
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