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Swap Rates

What is it swap or rollover?

A swap-free trading account, also known as an Islamic Account or Shariah-Compliant Account, is tailored for traders who cannot participate in swaps or interest-related transactions due to religious beliefs. These accounts are free from swap or rollover fees, ensuring that traders neither pay nor receive interest on their overnight positions.

In trading, a swap refers to the interest paid or received for holding a position overnight, calculated based on the differential interest rates of the traded currencies.

At Tronex Ltd., we provide swap-free accounts to accommodate traders who adhere to Islamic finance principles, ensuring a fair and ethical trading experience.

Tronex Limited Swap-Free Accounts

Tronex Ltd. offers normal swap-free accounts (Islamic Accounts) specifically for Muslim clients who, for religious reasons, opt out of daily swap fees, while a conditional special swap-free accounts program might exist for non-Muslim clients.

Normal swap-free accounts (Islamic Accounts) are automatically provided to clients residing in the following Islamic countries: United Arab Emirates, Algeria, Bahrain, Egypt, Jordan, Kuwait, Libya, Lebanon, South Sudan, Djibouti, Pakistan, Tunisia, Saudi Arabia, Qatar, Oman, Morocco, Türkiye, and Iraq.

Special swap-free accounts are automatically provided to clients residing in some selective non-Islamic countries and/or might be provided upon request to selective clients residing in non-Islamic countries. Please check with your account manager to determine if your country is eligible for the special swap-free accounts program.

Unlike most brokers, who might widen the spreads or impose additional fees (such as handling fees, storage fees, or administration fees), Tronex Ltd. imposes no additional charges on swap-free accounts.

Our swap-free accounts maintain the same trading conditions and terms as regular accounts, with the sole difference being the absence of swaps during the swap-free grace period, which may vary by instrument. Swap-free status is applicable to all account types.

Key Features of Tronex Ltd. Swap-Free Accounts

Availability across platforms:

The swap-free option is available for all account types on the MetaTrader 5 trading platforms.

Uniform status:

Once your Tronex Ltd. account is designated as swap-free, all your trading accounts and account types will also enjoy swap-free status.

No Additional charges:

Tronex Ltd. does not substitute the swap by widening spreads or imposing additional fees, ensuring transparent and fair trading conditions.

Swap free grace period

Special swap-free accounts (for selective non-Muslim countries)

Asset Class

Symbols

Grace Period

FX Majors

AUDUSD

EURUSD

GBPUSD

NZDUSD

USDCAD

USDCHF

5 Days

USDJPY

2 Days

Gold

XAUUSD

XAUEUR

2 Days

Cryptos

All Crypto Pairs

2 Days

Example 1

Consider a EURUSD position opened on Thursday before rollover time (23:59 server time), hence 5 days grace period will be counted as follows:

1

2

3

4

5

Thursday

Friday

Saturday

Sunday

Monday

The position will become swap enabled if remains open on Tuesday at rollover time (23:59 server time).

Example 2

Consider a EURUSD position opened on Friday before rollover time (23:59 server time), hence 5 days grace period will be counted as follows:

1

2

3

4

5

Friday

Saturday

Sunday

Monday

Tuesday

The position will become swap enabled if remains open on Wednesday at rollover time (23:59 server time). The applied swap will be x3 because it is a Wednesday.

Example 3

Consider a EURUSD position opened on Monday before rollover time (23:59 server time), hence 5 days grace period will be counted as follows:

1

2

3

4

5

Monday

Tuesday

Wednesday

Thursday

Friday

The position will become swap enabled if remains open on Monday at rollover time (23:59 server time). No Swaps on Saturday and Sunday.

Important considerations

Before trading on our swap-free accounts, please ensure that you have read, understood, and agreed to the swap-free related terms and conditions provided on this page, as well as the Tronex Ltd. General Terms and Conditions.

The duration of the grace period varies depending on the instruments traded. Tronex Ltd. reserves the right to modify the grace period periodically. It is the client’s responsibility to stay updated with the respective terms available on the company’s website. In cases where the grace period is not specified, the number of swap-free days will be determined at the company’s sole discretion, based on the client’s trading style.

Tronex Ltd. reserves the right to cancel swap-free trading, retrospectively charge the waived swap fee for both existing and future open orders, and/or reverse any cumulative profits derived from such trading at its sole discretion if there is suspicion of swap abuse aimed at generating riskless profits through manipulation of the company’s trading conditions.

Examples of prohibited swap abuse activities that may lead to the cancellation of swap-free trading, retrospective charging of the waived swap fee, and reversal of any cumulative profits include, but are not limited to, internal and/or external hedging.

Join Tronex Ltd. today and take advantage of our swap-free accounts, designed to meet the needs of traders worldwide.

Forex and CFD trading carries significant risk and may not be suitable for all investors. Trade responsibly with Tronex LTD.

Phone Number

+61 468 267 779

Registered Address:

Top Floor, Rodney Court Building, Rodney
Bay, Gros Islet, St. Lucia

Email

support@tronextrade.com

cs@tronextrade.com

Physical Address:

Top Floor, Rodney Court Building, Rodney
Bay, Gros Islet, St. Lucia

Matrket & Tools

Risk Warning:

Engaging in Forex and CFD trading carries a high level of risk and may result in the loss of your invested capital. You should only trade with funds you can afford to lose. It is important to fully understand the risks involved in trading Forex and CFDs with Tronex Ltd. If necessary, consider seeking independent financial advice. Please review our comprehensive Risk Disclosure Statement carefully before trading.

Disclaimer:

Tronex Ltd. operates solely as an execution-only service and does not provide investment or advisory services. From time to time, Tronex Ltd. may publish general market information or insights; however, such content should not be considered financial advice, a solicitation, or a recommendation to trade any financial instrument. Tronex Ltd. accepts no responsibility for how this information is used or for any results that may arise from it. The accuracy or completeness of the information is not guaranteed, and any reliance on it is entirely at the user’s own risk.

Restricted Countries

Tronex Ltd. does not provide services to residents of certain countries, including the United States of America, United Arab Emirates, India, Canada, Israel, New Zealand, Iran, Russia, Myanmar, and North Korea (Democratic People’s Republic of Korea), or any jurisdiction where such distribution or use would be contrary to local laws or regulations.

Tronex Ltd. recognizes the importance of a Legal Disclaimer and therefore does not intentionally target its website or services toward individuals in jurisdictions where access or use may violate local laws or regulatory requirements. Users are solely responsible for ensuring that their access to and use of the Tronex Ltd. website and services complies with the laws and regulations applicable in their respective jurisdictions. Tronex Ltd. makes no representation or warranty that the information available on its website is appropriate or permitted for use in all jurisdictions.