The Swap Free Add-on is an option available for selection during account purchase that allows traders to hold positions overnight without incurring swap fees. Available only on MT5.
Important Takeaways
It allows for overnight positions without swap (interest) fees.
It is ONLY for MT5 (MetaTrader 5) accounts.
The Swap Free Add-on is only applicable to Forex and Metals.
Energies, Indices, and Crypto still have standard swap charges, even with the add-on selected.
Even with the Swap Free add-on, holding trades over the weekend remains prohibited on FundingPips Zero.
Commission Structure
Accounts with the Swap Free Add-on have a different commission structure compared to Standard Accounts:
Instrument | Standard Account | Swap-Free Account (MT5) |
Forex | $5 per lot | $10 per lot |
Metals | $5 per lot | $10 per lot |
Energies | No commission | No commission |
Indices | No commission | No commission |
Crypto | 0.04% | 0.04% |
Cryptocurrency Commission Calculation: (Lot size x cryptocurrency price x 0.04%)
Leverage Changes
Selecting the Swap Free Add-on also results in leverage changes for our account models compared:
Instrument | Swap-Free Account (MT5) |
Forex | 1:30 |
Metals | 1:10 |
Energies | 1:10 |
Indices | 1:5 |
Crypto | 1:1 |