A Swap-Free trading account, sometimes referred to as an Islamic trading account, is a type of trading account that does not charge interest (swap or rollover fees) for holding positions overnight. This account type is particularly suitable for traders who wish to avoid interest charges in accordance with religious principles, as well as those who want to reduce their trading costs.
IUX offers swap-free trading across all account types. However, if a client frequently holds positions overnight, swap fees may be applied in accordance with the liquidity provider’s terms and policies. Clients residing in Islamic countries are exempt from swap charges across all account types.
Key Features of an IUX Swap-Free Account
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No Swap Fees
Swap-Free accounts do not charge overnight interest, allowing traders to hold positions without worrying about additional swap costs.
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Full Platform Access
Swap-Free account users can access all trading tools, risk-management features, and services available on IUX, just like standard trading accounts.
Who Is a Swap-Free Trading Account Suitable For?
- Beginner traders looking to reduce trading costs
- Traders who follow Islamic financial principles
- Traders seeking more efficient risk management
Islamic Countries
IUX provides Swap-Free accounts for clients residing in Islamic countries that follow Shariah law. Our automated system identifies clients from countries with predominantly Muslim populations and automatically assigns their accounts to swap-free status. Islamic countries supported:
- Indonesia
Non-Islamic Countries
For clients in non-Islamic countries, all newly created accounts are initially set to swap-free status by default. To maintain this status, traders must primarily engage in day trading. Certain instruments, however, are subject to swap charges, including:
- Currency Pairs (CFD): AUDCAD (CFD), CADCHF (CFD), CADJPY (CFD), CHFJPY (CFD), GBPAUD (CFD), GBPCAD (CFD), NZDCHF (CFD), USDHKD (CFD), USDJPY (CFD) (USDJPY (CFD) is charged only on Wednesdays)
- All metals (CFD) and oil (CFD), excluding XAUUSD (CFD)
- Indices (CFD): DXY (CFD)
- All Thematic (CFD) instruments
- All Thematic Minor (CFD) instruments
Important Notes on Swap Charges
- For accounts in a swap-affected (non-free swap) position, swap fees will be calculated for all instruments.
- Trading history on the aforementioned instruments will be reviewed to ensure the correct application of the swap-free conditions.
Triple Swap on Wednesdays
- Indices (CFD): DXY (CFD)
- All currency CFDs
- All precious metal CFDs
| Date | Time | Swap Calculation |
| Sunday | Server Time | Not applied |
| Monday | Server Time | Applied |
| Tuesday | Server Time | Applied |
| Wednesday | Server Time | Triple |
| Thursday | Server Time | Applied |
| Friday | Server Time | Applied |
| Saturday | Server Time | Not applied |
Triple Swap on Fridays
- All energy CFDs
- All indices CFDs (except DXY)
- All stock CFDs
- All Thematic and Thematic Minor CFDs
| Date | Time | Swap Calculation |
| Sunday | Server Time | Not applied |
| Monday | Server Time | Applied |
| Tuesday | Server Time | Applied |
| Wednesday | Server Time | Applied |
| Thursday | Server Time | Applied |
| Friday | Server Time | Triple |
| Saturday | Server Time | Not applied |
Non-Free Swap Status
- Overnight fees apply
- Swap fees apply to all instruments (except stock CFDs)
Free Swap Status
- No overnight charges
- To maintain swap-free status, traders must primarily trade intraday
Important Notice:
- If a client registered for an Islamic account is charged swap fees, contact support.
- IUX uses algorithms to ensure proper use of the swap-free program.
If you encounter any issues, please contact support at support@iux.com or 24/7 live chat.