A Swap-Free Account, also known as an Islamic Account, is designed for traders who follow Islamic financial principles that prohibit the payment or receipt of interest (riba).

With a Swap-Free account:

• No overnight swap charges are applied
  
   
• Positions can be held overnight without interest-based fees
  
   
• The account is structured to comply with Shariah principles
  
   

Who Is Eligible for a Swap-Free Account?

Swap-Free accounts are available to traders who:

• Reside in Islamic countries
  
   
• Confirm adherence to Islamic financial principles
  
   

Veo Markets may request:

• Proof of residency
  
   
• Additional documentation for compliance verification
  
   

Approval is subject to internal review.

How Does a Swap-Free Account Differ from Other Accounts?

Swap-Free accounts provide the same trading conditions as the selected base account type (RAW ECN, ZERO, or other eligible account types), with the key difference being:

• No swap charges on overnight positions
  
   

However:

• Spreads may be slightly adjusted
  
   
• Certain instruments may have specific conditions
  
   

Why Might Spreads Be Slightly Higher?

In some cases, spreads on Swap-Free accounts may be slightly higher to:

• Offset liquidity costs
  
   
• Maintain fair trading conditions
  
   
• Prevent misuse of swap-free conditions
  
   

This ensures that the account remains aligned with its intended purpose.

Are All Trading Strategies Allowed?

Swap-Free accounts support most trading strategies.

However:

• The account must not be used to exploit swap-free conditions
  
   
• Veo Markets reserves the right to review trading activity
  
   

Abusive practices may result in account reclassification or adjustment.

Are There Additional Fees?

Generally:

• No additional fixed fees apply
  
   
• No overnight interest is charged
  
   

Adjusted spreads are the primary structural difference.

Is Swap-Free Available for All Instruments?

Swap-Free accounts may be available for a broad range of instruments, including:

• Forex
  
   
• Metals
  
   
• Indices
  
   
• Commodities
  
   

Availability may vary depending on instrument type and account setup.

How Do I Apply for a Swap-Free Account?

To request a Swap-Free account:

• Complete the standard account registration process
  
   
• Select or request Swap-Free status
  
   
• Provide required documentation (if applicable)
  
   

If you would like to request a Swap-Free account or need clarification regarding eligibility, please submit a request through the Veo Markets Support Center.