If you notice an administration fee deducted from your swap-free (Islamic) trading account, it may be because you held certain positions overnight. Although swap-free accounts do not incur swap charges, an administration fee may apply to eligible products instead of swap fees.
When will I be charged an administration fee?
An administration fee may apply when:
- You are using a swap-free (Islamic) trading account.
- You hold a position in an eligible product overnight, past 00:00 server time.
Positions opened and closed within the same trading day are not subject to an overnight administration fee.
Which trading products are subject to administration fees?
The administration fee depends on the product.
- Major Forex pairs, Gold, Oil, and Silver: Generally, no swap or administration fee applies.
- Certain currency pairs: An administration fee may apply to currency pairs including, but not limited to, EURHUF, EURNOK, EURSGD, EURTRY, GBPSGD, SGDJPY, USDBRL, USDCLP, USDCNH, USDCOP, USDHUF, USDIDR, USDINR, USDKRW, USDMXN, USDNOK, USDPLN, USDSEK, USDSGD, USDTHB, USDTRY, USDTWD, and USDZAR.
- Indices, Commodities, Stocks, and Crypto (CFDs): These products do not incur swap charges on swap-free accounts, but an administration fee may apply.
Note: Applicable administration fees and eligible products may change. Always refer to the latest trading conditions or product specifications to check the applicable fees before opening or holding a position overnight.
What should I check before holding a position overnight?
Before keeping a position open overnight, you should:
- Check whether your trading product is subject to an administration fee.
- Consider how long you intend to hold the position, as fees may accumulate over multiple nights.
- Review your trading account history to identify any administration fees already charged.
- Ensure you have sufficient available balance to cover potential fees.
