IC Markets
RoboForex Swap-Free Account: How It Works, Limits and How to Enable It
RoboForex offers swap-free trading on its accounts, enabled when you add an account in the Members Area. It covers currencies and metals, but not crypto CFDs, and may not be available in every region. Here is how RoboForex's swap-free option works and its limits.
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RoboForex promotes a 'Full Swap-Free' option with the line 'hold positions as long as you want, with zero overnight fees'. According to its swap-free page, the option is available on any account type, is enabled for new accounts, and is switched on in three steps: log in to the Members Area, click Add account, and select the swap-free option during set-up. RoboForex says it covers currencies and metals and may not be available in some regions; terms and conditions apply.
Unlike many brokers, RoboForex doesn't present swap-free as an Islamic-only product, and its page doesn't describe a replacement admin fee.
| Accounts | Pro, ProCent, ECN, Prime, R StocksTrader |
|---|---|
| Instruments | Currencies and metals |
| Crypto CFDs | Not swap-free |
| How to enable | Choose swap-free when adding an account |
| Regions | May not be available in some |
| Terms | T&Cs apply |
How to enable it
- Log in to the RoboForex Members Area.
- Click Add account.
- Choose the platform and account type.
- Select the swap-free option during set-up and confirm.
Because account settings can't be changed later, decide on swap-free when you open the account. If an existing account isn't swap-free, open a new one with the option selected.
What's covered
| Instrument | Swap-free? |
|---|---|
| Currency pairs | Yes |
| Metals (gold, silver) | Yes |
| Crypto CFDs | No |
| Other CFDs | Check the contract specifications |
RoboForex's crypto page states that swap-free trading isn't available for crypto CFDs. On R StocksTrader, its trading conditions table lists swap-free for leverage of 1:1 only. Our RoboForex crypto guide covers crypto costs.
Read the rules
RoboForex publishes full rules and conditions for its swap-free program. Read them before relying on it for long-term positions: brokers usually reserve the right to change or withdraw swap-free status, and the exact instruments and conditions are set out there rather than on the promotional page.
Swap-free removes overnight charges; it doesn't remove spreads, commissions or market risk. Holding a position for weeks still exposes you to large price moves.
Who it suits
- Muslim traders who want to avoid interest-based overnight charges.
- Swing and position traders holding currencies or gold for days or weeks.
- Algorithmic traders whose strategies hold positions overnight.
Is it halal?
A swap-free account removes interest on overnight positions. Whether leveraged CFD trading is permissible under Islamic law is a separate question that scholars answer differently. RoboForex doesn't certify its accounts as Sharia-compliant, so consult a scholar you trust.
How RoboForex compares
| Broker | Swap-free approach |
|---|---|
| RoboForex | Option on new accounts; currencies and metals |
| FP Markets | Nightly admin fee after a grace period on some symbols |
| AvaTrade | No overnight fee for up to 5 days |
See FP Markets' Islamic account and AvaTrade's Islamic account for comparison.
What 'swap-free' means for costs
On a standard account, positions held past the daily rollover pay or receive a swap based on the interest rate difference between two currencies. Over weeks, these can add up to more than the spread. A swap-free account removes that charge, which can make a large difference to swing and position traders on currencies and gold.
Some brokers replace swaps with a fixed administration fee after a grace period. RoboForex's swap-free page doesn't describe such a fee, but its full rules set out the conditions, so check them for any limits on holding times or volumes before planning long-term trades.
Planning trades around the exclusions
Because crypto CFDs aren't swap-free at RoboForex, keep crypto trades short if you want to avoid overnight charges, or accept the swap as a cost. On R StocksTrader, swap-free applies only at 1:1 leverage, so leveraged stock positions still pay interest overnight.
A practical set-up is one swap-free Pro or ECN account for currencies and gold, and a separate account for anything outside the swap-free list. That keeps your swap-free account clean and makes costs easier to track.
Before you open
Read the full swap-free rules, confirm the option is offered in your country, and decide on the account type first, since settings can't be changed later. Then open the account with the swap-free box ticked and keep the confirmation.
Swap-free and copy trading
If you copy other traders through RoboForex's Copy Trading Service, the copied trades follow your own account's conditions. A swap-free Investor account copying a Trader on a standard account won't pay swaps on currency and metal positions, though it will on crypto, which isn't swap-free. Check which instruments your chosen Traders use before subscribing.
Questions to ask before relying on it
Before planning long-term positions, confirm three things: that the swap-free option is offered in your country, which instruments it covers on your account type, and whether the full rules set any limits on holding periods or trading patterns. RoboForex's support team can answer all three, and a written answer in a ticket is worth keeping.
For long-term traders, the value of swap-free status grows with every week a position stays open. Confirm it is active on your account before your first overnight trade by checking that no swap appears in the trade history the next day.
Swap-free status is also useful for algorithmic strategies that hold positions overnight, which RoboForex highlights on its swap-free page. Removing swaps makes their results easier to model.
RoboForex's swap-free option is unusually broad in its marketing, but crypto is excluded and the full rules sit in a separate document. Read those rules before planning to hold positions for months.
Hamza opened a new RoboForex Pro account on MT5 and selected the swap-free option during set-up. He swing-trades gold and EUR/USD, avoids crypto on that account, and keeps a copy of the swap-free rules alongside his trading plan.
Frequently asked
Does RoboForex offer swap-free accounts?
Yes. RoboForex says swap-free is available on any account, selected when you add a new account.
Is crypto swap-free at RoboForex?
No. RoboForex states that swap-free trading isn't available for crypto CFDs.
How do I get a swap-free account at RoboForex?
In the Members Area, click Add account and select the swap-free option during set-up.
Is RoboForex swap-free available everywhere?
No. RoboForex says it may not be available in some regions.
Can I make an existing RoboForex account swap-free?
Account settings can't be changed after opening, so open a new account with the swap-free option.
Does RoboForex charge an admin fee instead of swaps?
Its swap-free page doesn't describe one. Check RoboForex's full swap-free rules for your account.
Can I trade gold swap-free at RoboForex?
Yes. RoboForex says its swap-free option covers currencies and metals.
Is R StocksTrader swap-free?
Only for positions at 1:1 leverage, according to RoboForex's R StocksTrader conditions.
Does swap-free apply to copied trades at RoboForex?
Copied trades follow your account's conditions, so currency and metal positions on a swap-free account avoid swaps.
How can I check my RoboForex account is swap-free?
Hold a small currency position overnight and check the trade history; no swap should appear.
Does RoboForex charge extra for swap-free?
RoboForex's swap-free page advertises no overnight fees and no hidden charges; check the full rules for your account.
Is RoboForex swap-free only for Muslim traders?
No. RoboForex offers it on new accounts generally, though it may not be available in some regions.
Can I use swap-free on an ECN account at RoboForex?
Yes. RoboForex's swap-free option is offered on its account types, including ECN, when you open the account.
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