We would like to inform you that we are changing the way we charge Administration fees on Swap free Accounts.
Swap-free Accounts are modified accounts in which rollover fees are waived to comply with Islamic religious beliefs. Swap-free Account holders can hold their positions for an unlimited amount of time, without incurring any swap charges. Instead, administration fees will be applied when a position is kept open over a predefined time threshold.
From December 1st 2023, onwards we will apply the administration fees with a balance transaction after a grace period of five (5) days for Forex Majors, Forex Minors and Gold instruments and three (3) days for Forex Exotics, Energies and Silver instruments.