PrimeXBT offers swap-free accounts for the MetaTrader 5 (MT5) platform, where swap (overnight financing) fees are either completely waived or replaced with administrative fees. These accounts are particularly useful for traders who, due to religious beliefs, cannot pay or receive interest on financial transactions.
MT5 availability may vary depending on your region. Please check your account to see if this option is available for you.
What is a Swap-Free Account?
A swap-free account is an account where swap (overnight financing) fees are either:
✅ Replaced with an administrative fee (Standard Swap-Free)
✅ Waived for a certain period (Extended Swap-Free)
PrimeXBT provides three swap types of MT5 accounts based on swap handling:
Account Type | Swap Handling | Key Features |
Regular Swap-Charging Accounts | Swaps charged daily | Swap rates fluctuate based on market conditions. Triple swaps apply on Wednesday or Friday, depending on the instrument. |
Standard Swap-Free Accounts | Swaps replaced by administrative fees | Fixed USD/Lot fee charged daily on open positions. Fee is stable and does not fluctuate and is not likened to interest rates. |
Extended Swap-Free Accounts | No administrative fee for the first 3 days | Available to active intraday traders upon qualification. After 3 days, administrative fees apply. Some instruments may be excluded from eligibility. |
📌 You can see the swap-free or extended swap-free badge on their MT5 account in the Accounts section of the personal area or the mobile app.
NEED a screenshot here
2. How to Enable a Swap-Free Account
1️⃣ When Creating a New MT5 Account:
You can select the swap-free option during the account creation process.
2️⃣ For Existing MT5 Accounts:
Go to MT5 Account Settings in Accounts section.
Locate the Swap-Free Option and enable it or disable
If a trader frequently enables/disables swap-free status to gain unfair advantages, PrimeXBT may restrict their ability to use the feature.
3. Extended Swap-Free Account
If you meet certain criteria can be upgraded to an Extended Swap-Free account, offering additional benefits.
Benefits of Extended Swap-Free Accounts
No administrative fee for the first 3 days of holding a position.
Administrative fees start applying from the 4th day onward.
Allows more cost-effective intraday and short-term trading.
You will see an "Extended Swap-Free" badge on your MT5 account when qualified.
Extended Swap-Free Eligibility Criteria
Qualification is based on trading activity and position holding patterns.
Traders who primarily close their positions within the day have a higher chance of qualification.
Some instruments with extreme interest rate fluctuations may not be eligible for extended swap-free status.
4. How Administrative Fees Work
Since swap-free accounts do not charge swaps, PrimeXBT offsets the cost of maintaining this service by applying an administrative fee. This fee covers:
PrimeXBT's cost of closing and reopening positions daily.
A small market risk premium applied by liquidity providers.
Transaction costs involved in providing a swap-free solution.
Administrative fees are more stable compared to traditional swap rates, and not linked directly to interest rates.
5. Where to Check Swap-Free Fees & Eligibility
To find the latest administrative fees, eligibility criteria, and supported instruments, navigate to:
Fees & Conditions > MT5 > Swap-Free Rules
This section is regularly updated to reflect changes in administrative fees and eligibility conditions.
Swap-free accounts are only available for MT5 trading accounts.
Some trading instruments may not qualify for extended swap-free benefits.
If a trader abuses the swap-free system, their eligibility may be revoked.