IUX offers swap-free accounts for all account types: Standard, Standard+, Pro, and Raw. When a customer registers a new account, they will not be charged swap fees. However, if customers frequently hold positions overnight, swap fees may be applied based on the terms and policies of liquidity providers. Customers from Islamic countries will not be charged swap fees for any account type. You can check the list of Islamic countries as follows:

Islamic countries

IUX provides Swap-Free accounts for residents of Islamic countries who observe Sharia law. Our automated system identifies clients residing in 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.

• Indonesia

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 (CFD), CADCHF (CFD), CADJPY (CFD), CHFJPY (CFD), GBPAUD (CFD), GBPCAD (CFD), NZDCHF (CFD), USDHKD (CFD), USDJPY (CFD)(USDJPY (CFD) pairs are calculated only on Wednesdays)
• All metals (CFD) and oils (CFD) (except XAUUSD (CFD))
• Index: DXY (CFD)
• All Stocks (CFDs)
• All Thematic (CFDs)
• All Thematic Minor (CFDs)

For accounts in Non-free swap status, swap rates will be calculated for all instruments.

Trading history in the above instruments will be checked to ensure the correct application of swap-free conditions. The Company reserves the right to revoke the swap-free status at its sole discretion.

Swap processing is carried out daily at 22:00 (GMT+0) in winter and 22:00 (BST+1) in summer, according to the client terminal time, except Saturday and Sunday. On Monday, Tuesday and Thursday, the swap processing fee will be added/deducted from the client account. On Wednesday or Friday (depending on the underlying asset), the swap processing fee will be charged triple. The swap processing fee will be added/deducted from the client account. Swap is subject to change daily and may be subject to additional price adjustments.

USDJPY (CFD) pair will be calculated only on Wednesday for all account types.

For accounts in the non-swap position, the swap will be calculated for all instruments with different swap rates as detailed above.

Some instruments that are subject to triple swap on Wednesday are as follows:

• All Currencies (CFD)
• All Precious Metals (CFD)
• Indices (CFD) : Only DXY (CFD)

Some of the instruments that are charged a triple swap fee on Friday are:

All Energies (CFD)
All Indices (CFD): except DXY (CFD)
All Stock (CFD)
All Thematics (CFD) and Thematic Minors (CFD)

Swap Status: Non-Free

An 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, the 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.

You can read more details about Swap calculation by clicking the link. Or check on MetaTrader 5

Important: In the case that a customer who has applied for an Islamic account type finds a Swap charge, you can contact our support to receive assistance. 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.