What is a Swap Free account?
Vantage Swap-Free Trading Accounts are tailored for traders who wish to avoid swap or interest charges on overnight positions. Instead of swap fees, an administration fee is applied to these positions and is deducted from the account holder's balance.
Advantages:
- No swap fees (administration fee applies instead)
Suitable for:
- Traders who are unable to receive or pay swaps due to religious beliefs
Requirements:
- Minimum deposit: $50 USD
- An administration fee replaces the traditional swap fee
This account type is ideal for those who need to adhere to specific financial practices while still engaging in trading activities.