A swap-free account is an eligible trading account that has been approved for swap-free status.
Swap-free status changes how overnight holding costs are applied to eligible positions.
Do swap-free accounts pay normal overnight swaps?
Eligible swap-free positions do not pay or receive the normal overnight swap in the standard way.
Depending on the swap-free treatment applied to the account, an administration fee may apply instead.
When does the administration fee start?
Where an administration fee applies:
- Days 1–4: no administration fee is charged.
- From the 5th calendar day: the applicable administration fee is charged on eligible positions that remain open.
The amount varies by instrument.
Are all instruments treated the same way?
No.
Some products may:
- have different administration fees;
- remain subject to normal financing treatment; or
- be unavailable under swap-free conditions.
Can swap-free status be removed?
Yes.
ThinkMarkets may remove swap-free status if the facility is used in a way that breaches the applicable Swap Free Terms and Conditions.
Where permitted by those terms, relevant avoided charges may also be charged.
How do I request swap-free status?
Eligible clients can submit a Swap Free request through ThinkPortal where available.
You must:
- have an eligible verified live trading account;
- select the account for which you are requesting swap-free status;
- accept the applicable Swap Free Terms and Conditions; and
- submit the request for review.
Approval is not automatic.