IUX offers Swap-Free accounts on all account types, including Standard, Standard+, Pro, and Raw, except for Cent accounts, which are subject to Swap fees. If a customer applies to open a new account, they will not be charged Swap fees. However, if a customer maintains open positions overnight, they may be considered for Swap fees, which are determined based on the liquidity provider’s terms and policies.
Islamic countries
IUX has provided Swap-Free accounts for residents of Islamic countries who observe Sharia law. Our automated system identifies which clients are residents of countries where Islam is the predominant religion and designates their accounts as Swap-Free. You can find the list of countries that are part of the Group of Islamic Countries for reference:
- Malaysia
- Indonesia
- Canada
- Myanmar
- Kenya
- Nigeria
- Ghana
- Mexico
- Chile
- Columbia
- Peru
- Ecuador
- India
Non-Islamic Countries
For our valued clients in non-Islamic countries, all new accounts created in these regions will be automatically set to swap-free status. To maintain an active swap-free status, you will mostly need to trade within the day, except for certain instruments that are subject to swap charges, as follows:
Currency: AUDCAD, CADCHF, CADJPY, CHFJPY, GBPAUD, GBPCAD, NZDCHF, USDHKD, USDJPY (USDJPY pairs are calculated only on Wednesdays)
All metals and oils (except XAUUSD)
Index: DXY
Swap charges are applied daily at 22:00 (GMT+0) during the winter or 21:00 (BST+1) during the summer, according to the client terminal time, except Saturday and Sunday, where swap charges are not applied. At 22:00 (GMT+0) during the winter or 21:00 (BST+1) during the summer, Monday to Friday. (Depending on the underlying asset) The cost of the swap operation will be added/charged to the client account and on Wednesdays, the triple cost of the swap operation will be added/charged to the client account.
Swap Status: Non-Free
Overnight fee applies. The Non-Free status is determined by your overnight trading activity. To upgrade to the swap-free status, you must be mostly intraday. For accounts in the non-swap status, Swap fee will be applied to all instruments except the equity group.
Notes:
- IUX employs an algorithm to analyze clients’ trading behavior, ensuring proper utilization of the swap-free program.
- You should be prepared for potential swap charges by holding positions overnight.
Swap Status: Free
No more overnight charges. Your Swap-Free status is determined by your trading activity. To maintain an active Swap-Free status, you need to trade mostly within the day.
Notes:
- IUX employs an algorithm to analyze clients’ trading behavior, ensuring proper utilization of the swap-free program.
- Please be aware that Swap-Free status is available only for specific instruments.
Clients can check more details about Swap Charges in the table below:
| Date | Time | Swap-Free |
| 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 |
You can read more detail about Swap calculation with click the link. Or check on Metatrader5
Important: In the case that a customer who has applied for an Islamic account type found a Swap charge, you can contact our support to receive assistance. And the calculation of Swap fees is based on the liquidity provider’s terms and policies.
If you have any questions or encounter problems, please contact our agent via [email protected] or live chat 24/7.
