Swap-free trading account
An account option for traders who do not wish to pay or receive overnight swap or interest on their trades. Contact us if you would like to switch your standard account to swap-free.
Don’t have an account with us? Create a standard account with us and request to switch to swap-free.
No overnight swap or interest
With a standard account, you are charged or credited swap or interest on any leveraged positions that you keep open at the end of each trading day. These costs are known as overnight fees, or swap fees. Our swap-free account is designed to meet the needs of clients who do not wish to be charged or credited this swap or interest. See our financing costs page to learn more. See terms & conditions.
Our swap-free account option enables you to take a position on 26 popular instruments, including forex pairs and indices such as EUR/USD, Germany 40 and the UK 100.
|OANDA swap-free account|
|Minimum EUR/USD spread||1.6 pips|
|Maximum trade size||10 million|
|Account base currencies available||USD|
No admin charge for first 5 days of open trades
Trading on a swap-free account incurs no administration charge for the first five days that the trade is open with us. Starting from day 6, an administration charge is applied each day the trade remains open, until the trade is closed. This includes weekends.
The admin fee is charged per lot traded, with the exception of the Japan 225 index which is charged per 100 lots traded. The admin fee varies by instrument and can be checked on the chart below, showing all 26 forex and indices instruments offered on our Swap-free accounts.
|Instrument||Minimum spread||Admin fee per lot in USD*|
|CHINA A50||12 pips||$4|
|AUS 200||1.6 pips||$4|
|UK 100||1.6 pips||$4|
|US WALL ST 30||2.6 pips||$4|
|FRANCE 40||1.6 pips||$4|
|EUROPE 50||1.6 pips||$4|
|HONG KONG 50||6.6 pips||$4|
|GERMANY 30||1.7 pips||$4|
|SINGAPORE 30||3.6 pips||$4|
|US NAS 100||1.6 pips||$4|
|US RUSS 2000||70 pips||$4|
|US SPX 500||1 pips||$4|
|JAPAN 225||8.6 pips||$4**|
*Charged daily beginning on the sixth day of trade
**Japan 225 fee charged per 100 lots
On the MetaTrader platform, all instruments available on a swap-free account are indicated with a .s
Apply for a live account
Start trading in 3 steps: apply, fund & trade—documents supporting your application are not needed until your gross account deposit totals US$9,000.
Transparent trading costs
We are upfront about our fees so you know how much you are paying when you trade with us.
Which account for you?
We offer different accounts for different trader profiles. See the details to determine which one suits you the best.