Swap Free Accounts

Swap Free accounts provide a solution for clients seeking to manage their finances in accordance with religious prohibitions on interest.

Open Account

IC offers Swap free accounts for clients who cannot earn or pay interest due to their religious beliefs. The swap free option** is available on both our Raw Spread and Standard account types on the MetaTrader4, MetaTrader 5 and cTrader platforms.

We are committed to providing our clients with the best trading conditions. Our Swap Free accounts offer state of the art trading infrastructure and execution speeds enabling our traders to gain a competitive edge.

forex Trading

Swap Free Account

  • Trade over 90 instruments
  • 1:5000 Leverage
  • Spreads as low as 0.0 pips*
  • No Swap/interest adjustments
  • MetaTrader 4 & 5
Open Account

Overnight Financing Charges

Swap free accounts do not pay or earn swap or interest on trading instruments, however, a holding fee will be applicable for holding open positions overnight. Any trades open overnight will be charged a flat rate holding fee. Rates & holding period are subject to change to reflect market conditions when necessary. IC Raw Spread and Standard Account commissions and spreads apply.

Click here to access the terms & conditions governing the use of 'Swap Free Accounts' at IC.

Note: Before applying for a swap-free account, please make sure you have read, understood and agreed to comply with the relevant terms and conditions.

SYMBOL
Charges (US$ per lot)
AUDCAD
8
Minor
AUDCHF
17
Minor
AUDJPY
12
Minor
AUDNZD
9
Minor
CADCHF
9
Minor
CADJPY
5
Minor
CHFJPY
7
Minor
EURAUD
13
Minor
EURCAD
7
Minor
EURCHF
15
Minor
EURGBP
12
Minor
EURJPY
7
Minor
EURNZD
7
Minor
GBPAUD
8
Minor
GBPCAD
12
Minor
GBPCHF
28
Minor
GBPJPY
17
Minor
GBPNZD
10
Minor
NZDCAD
5
Minor
NZDCHF
9
Minor
NZDJPY
7
Minor
NZDUSD
9
Minor
USDSGD
14
Minor
AUDUSD
14
Major
EURUSD
11
Major
GBPUSD
9
Major
USDCAD
10
Major
USDCHF
20
Major
USDJPY
14
Major
AUDSGD
10
Exotic
CHFSGD
17
Exotic
EURDKK
9
Exotic
EURHKD
11
Exotic
EURNOK
12
Exotic
EURPLN
14
Exotic
EURSEK
7
Exotic
EURSGD
14
Exotic
EURTRY
110
Exotic
EURZAR
23
Exotic
GBPDKK
18
Exotic
GBPNOK
9
Exotic
GBPSEK
17
Exotic
GBPSGD
18
Exotic
GBPTRY
130
Exotic
NOKJPY
2
Exotic
NOKSEK
2
Exotic
SEKJPY
2
Exotic
SGDJPY
7
Exotic
USDCNH
13
Exotic
USDCZK
34
Exotic
USDDKK
11
Exotic
USDHKD
8
Exotic
USDHUF
10
Exotic
USDMXN
20
Exotic
USDNOK
7
Exotic
USDPLN
8
Exotic
USDSEK
9
Exotic
USDTHB
39
Exotic
USDTRY
99
Exotic
USDZAR
18
Exotic
AUS200
3
Index
CA60
2
Index
CHINA50
3
Index
CHINAH
2
Index
DE40
14
Index
ES35
3
Index
F40
5
Index
HK50
2
Index
IT40
9
Index
JP225
2
Index
MidDE50
3
Index
NETH25
2
Index
NOR25
2
Index
SA40
2
Index
SE30
2
Index
STOXX50
4
Index
SWI20
2
Index
TecDE30
2
Index
UK100
7
Index
US2000
2
Index
US30
25
Index
US500
4
Index
USTEC
15
Index
XBRUSD
28
Energy
XNGUSD
65
Energy
XTIUSD
23
Energy
XAGAUD
12
Metal
XAGEUR
8
Metal
XAGUSD
12
Metal
XAUAUD
83
Metal
XAUCHF
21
Metal
XAUEUR
44
Metal
XAUGBP
67
Metal
XAUJPY
26
Metal
XAUUSD
71
Metal
XPDUSD
27
Metal
XPTUSD
41
Metal
ADAUSD
0.0137
Crypto
AVXUSD
0.647
Crypto
BCHUSD
0.170
Crypto
BNBUSD
0.418
Crypto
BTCUSD
46.21
Crypto
DOGUSD
0.005164
Crypto
DOTUSD
0.0652
Crypto
ETHUSD
1.50
Crypto
KSMUSD
0.245
Crypto
LNKUSD
0.835
Crypto
LTCUSD
0.0375
Crypto
POLUSD
0.000065
Crypto
SOLUSD
0.0657
Crypto
UNIUSD
0.499
Crypto
XLMUSD
0.0127
Crypto
XRPUSD
0.0829
Crypto
XTZUSD
0.0175
Crypto
1000xBONK
0.000199
Crypto
1000xFLOKI
0.00150
Crypto
1000xPEPE
0.000235
Crypto
1000xSHIB
0.000319
Crypto
1INCHUSD
0.000057
Crypto
2ZUSD
0.000037
Crypto
AAVEUSD
0.0937
Crypto
AEROUSD
0.000452
Crypto
ALGOUSD
0.000072
Crypto
APTUSD
0.000462
Crypto
ARBUSD
0.000117
Crypto
ASTERUSD
0.000399
Crypto
ATOMUSD
0.000972
Crypto
AUSD
0.000053
Crypto
CAKEUSD
0.00142
Crypto
CFXUSD
0.000030
Crypto
COAIUSD
0.000165
Crypto
COMPUSD
0.0139
Crypto
CRVUSD
0.000214
Crypto
DATAUSD
0.000121
Crypto
DEXEUSD
0.00100
Crypto
DYDXUSD
0.000075
Crypto
ENAUSD
0.000138
Crypto
ENSUSD
0.00387
Crypto
ETCUSD
0.00508
Crypto
FARTCOINUSD
0.000098
Crypto
FETUSD
0.000128
Crypto
FILUSD
0.000592
Crypto
FLOWUSD
0.000017
Crypto
GALAUSD
0.0125
Crypto
GLMUSD
0.00699
Crypto
GRTUSD
0.000017
Crypto
HBARUSD
0.000065
Crypto
HYPEUSD
0.0484
Crypto
ICPUSD
0.0181
Crypto
IMXUSD
0.000096
Crypto
INJUSD
0.00422
Crypto
IOTAUSD
0.000030
Crypto
IPUSD
0.000169
Crypto
JTOUSD
0.000309
Crypto
JUPUSD
0.000181
Crypto
KAIAUSD
0.000019
Crypto
LDOUSD
0.000260
Crypto
MANAUSD
0.000050
Crypto
MORPHOUSD
0.00140
Crypto
MUSD
0.000578
Crypto
MYXUSD
0.000041
Crypto
NEARUSD
0.00267
Crypto
ONDOUSD
0.000286
Crypto
OPUSD
0.000073
Crypto
PENDLEUSD
0.00132
Crypto
PENGUUSD
0.000005
Crypto
PYTHUSD
0.000043
Crypto
QNTUSD
0.139
Crypto
RENDERUSD
0.00107
Crypto
SANDUSD
0.000024
Crypto
SEIUSD
0.000041
Crypto
SPXUSD
0.000228
Crypto
STRKUSD
0.00238
Crypto
STXUSD
0.000175
Crypto
SUIUSD
0.000644
Crypto
SUSD
0.000021
Crypto
SYRUPUSD
0.000137
Crypto
TAOUSD
0.172
Crypto
THETAUSD
0.000126
Crypto
TIAUSD
0.000254
Crypto
TRUMPUSD
0.00111
Crypto
TRXUSD
0.000183
Crypto
TWTUSD
0.000322
Crypto
VETUSD
0.000005
Crypto
VIRTUALUSD
0.000452
Crypto
WIFUSD
0.000132
Crypto
WLDUSD
0.000275
Crypto
WLFIUSD
0.000031
Crypto
XMRUSD
0.297
Crypto
XPLUSD
0.000055
Crypto
ZECUSD
0.790
Crypto

New positions may benefit from a grace period of up to five grace days, during which no holding fees will be incurred.

Grace days are consumed when a position remains open through the applicable overnight rollover. An ordinary overnight rollover counts as one grace day. On the applicable triple-swap night, the overnight rollover counts as three grace days rather than one.

For Forex, Metals, Bonds and Commodities, Wednesday is the triple-swap night. A position held through the applicable Wednesday-night rollover therefore consumes three grace days.

For Energies and Indices, Friday is the triple-swap night. A position held through the applicable Friday-night rollover therefore consumes three grace days.

For XNGUSD, XTIUSD and XBRUSD, holding fees apply from Day 1 without a grace period.

For USDJPY and GBPJPY, holding fees apply from Day 3 following a two-day grace period.

Once the applicable grace period has expired, holding fees are charged in accordance with the holding-fee schedule shown on this page. Holding fees may be charged for calendar days, including weekends, with weekend holding fees applied on the next business day.

IC reserves the right to request additional documentation in order to offer swap-free privilege to an account.

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