In the world of Forex trading, a swap-free account is an essential option for traders who wish to avoid interest charges on overnight positions, making it particularly appealing to those who adhere to specific religious beliefs. This type of account allows traders to hold positions without incurring swaps, which are fees applied for holding trades overnight.
Conditions for a Swap-Free Account
To apply for a swap-free account on our platform, it’s important to meet the following conditions:
Account Type: You must have a Standard account.
Request Process: To initiate the process, please contact our support team through live chat, email (support@rock-west.com), or by opening a ticket via your portal. In your request, specify that you would like to change your account to a swap-free status.
Review Terms: Our support agents will provide you with the terms and conditions associated with swap-free accounts. It is essential to review these carefully and confirm your acceptance.
Important: Classic + and Raw accounts are always swap paying.
Terms and Conditions for Swap-Free Accounts
If trade remains open for more than 14 trading days, the company retains the right to change the swap-free status of the entire account to swap-paying status.
SWAP-free accounts are only available for Standard 1:2000 trading accounts.
We retain the right to remove swap-free status for any reason.
Once you confirm your agreement with these terms, we will proceed with the request for your swap-free account and inform you accordingly.
Important: Be aware that the swap-free status can be revoked at any time if we detect any abuse of the system. We are committed to ensuring fair trading practices and will take measures to prevent and address swap abuse. If you have any questions or need assistance with your application, feel free to reach out to our support team.
Happy trading with Rock-West!