SWAP-FREE ACCOUNTS

Swap fees, also known as overnight financing costs or rollover fees, are charges applied by forex brokers for holding positions overnight. They are very important for this reason:

Cost of Financing: Swap fees reflect the cost of financing leveraged positions in the forex market. When you trade on margin (borrowed funds), you effectively borrow one currency to buy another. The interest rate differential between the two currencies determines the swap rate. If you’re trading a currency with a higher interest rate against one with a lower rate, you may receive a credit (positive swap); conversely, you may incur a charge.

Unfortunately, at this time, FXIFY does not offer swap-free accounts. We understand that this may be inconvenient for some of our users who prefer this type of account, but we are always looking for ways to improve our services and may consider adding this option in the future. Thank you for your understanding and please let us know if you have any further questions or concerns.